Monument Point Business Park offers exceptional fully improved commercial and industrial land parcels in Litchfield Park, Arizona. Located at the southwest corner of Camelback Road and El Mirage Road, this 32-acre business park provides convenient access to major transportation arteries, including Northern Parkway, Loop 101, and Loop 303 freeways. The property boasts frontage on both Camelback Road and El Mirage Road, ensuring high visibility and accessibility. Lots range from one to four acres, and are zoned for industrial use, allowing for a variety of commercial, industrial, and retail developments. The park is professionally managed with established Covenants, Conditions, and Restrictions (CC&Rs) in place. The fully improved lots significantly reduce construction time and associated costs, making this an attractive opportunity for businesses seeking a prime location with streamlined development. This strategic location in Maricopa County, Arizona, offers a compelling combination of accessibility, visibility, and infrastructure, ideal for a range of commercial and industrial ventures. The zip code is 85340.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,577,670
6.5%
$1,456,310
7%
$1,352,290
Comparable approach
Method
Valuation
Relative Method
$931,436
Geo Method
$931,436
Alternative Use
Use
Valuation
Industrial / Distribution
$2,823,290
Mixed-Use / Specialty
$1,457,850
Hospitality / Lodging
$1,078,340
Office
$1,456,200
Institutional / Educational
$1,517,980
Residential Income
$1,776,040
Multifamily
$2,092,770
Automotive / Energy
$1,301,130
Parking / Income-Based Land
$442,354
Restaurant / Food Service
$772,601
Healthcare / Senior Housing
$1,488,090
Location Insight
City
Litchfield Park
County
Maricopa
State
Arizona
Latitude
33.507
Longitude
-112.326
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Camelback Rd Litchfield Park, AZ 85340
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Camelback Rd Litchfield Park, AZ 85340
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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