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Property profile & analytics
OFF-MARKET
Residential land & home lots

8910 N 8Th St Phoenix, AZ 85020

Property ID
US07-2223097
Property summary
AI-generated overview

This ±0.57-acre parcel is a prime infill development opportunity located at 8910 N 8th St in the desirable North Central Phoenix submarket. Positioned directly adjacent to the Acacia Library and surrounded by established residential neighborhoods, the site offers an excellent location for new housing. The property is zoned R-4 and presents a unique opportunity to acquire a site with a city-approved project already in place. The site is fully approved for the development of “Acacia Affordable Housing,” a modern, three-story multi-family building comprising 20 residential units. Preliminary plans have already been submitted to the City of Phoenix, significantly streamlining the pre-construction process for a new owner. This existing approval provides a clear and immediate path to development, removing much of the entitlement risk and time typically associated with starting a new project from scratch. The property sits in an amenity-rich and established section of North Central Phoenix, positioned in the heart of the vibrant Sunnyslope neighborhood. Just west of the site is the expansive HonorHealth John C. Lincoln Medical Center, serving as a major regional employer, alongside established educational institutions like Sunnyslope High School. Surrounding the property along the 7th Street and Cave Creek Road corridors is a dense lineup of daily conveniences, providing future residents with immediate access to national retailers including Fry’s Food Stores, Walmart Neighborhood Market, and Planet Fitness. This strong concentration of essential retail, alongside local recreation like Palma Park and the Let It Roll Entertainment Center, creates a dynamic, highly walkable environment with excellent built-in appeal for a new multifamily community.

Property profile
Verified
Property type Residential land & home lots
UPID US07-2223097
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Acacia Townhomes Housing Development
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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