Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 S Midway Rd WEST Casa Grande, AZ 85193

    Sponsored
    For Sale
    $179,000

    Land - Casa Grande, AZ

    Lot size:
    15.04 Acres
    Days on Market:
    270
    Last Refresh:
    Feb 1 at 2:06 am

    Property Features for 1 S Midway Rd WEST

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    GENERAL RURAL (
    APN
    500-19-012-A
    Lot size
    15.04 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Timothy L Bibb
    Timothy L Bibb

    DeLex Realty, LLC (602) 910-3002

    Listing agent Timothy L Bibb (602) 910-3002

    Listing date May 8, 2025

    MLS# 6679284 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Casa Grande Land Investment Opportunity

    This 15.04-acre parcel presents an investment opportunity in Casa Grande, Arizona. The property is located off a paved road, with electricity available along Midway Road in front of the property. The land is flat and suitable for a site-built or manufactured home. Situated approximately 0.75 miles from Interstate 8, the location offers convenient access. This parcel was recently split from parent parcel # 500-19-012A, with a new parcel number coming soon. The zoning is GENERAL RURAL (.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.878159
    Latitude
    32.813403

    Nearby Similar for Sale

    • $295,000
      12,501 SF

      Award-Winning Spa Business Opportunity

      Turnkey spa business for sale in Casa Grande, Arizona.
      992 E Cottonwood Ln, Casa Grande, AZ 85122
      View Details
    • $399,000

      Renovated Duplex Near Downtown

      Completely renovated duplex near downtown Casa Grande, move-in ready.
      502 W 10Th St, Casa Grande, AZ 85122
      View Details
    • $200,000
      3,201 SF

      Established Mechanic Shop For Sale

      Profitable mechanic shop with equipment, inventory, and client list.
      17719 W Palm Ave, Casa Grande, AZ 85122
      View Details
    • $75,000

      Active-Adult Paradise with Golf Course

      RV lot with 14-year locked-in rent in Casa Grande.
      3290 S Montgomery Rd, Casa Grande, AZ 85193
      View Details
    • Contact for pricing
      2,117 SF

      Freestanding Drive-Thru Restaurant Opportunity

      2,117 SF drive-thru restaurant on 0.48 acres in Casa Grande.
      405 E Florence Blvd, Casa Grande, AZ 85122
      View Details
    • $179,000
      1,658 SF

      Furnished Home in 55+ Community

      Move-in ready, furnished home in a gated 55+ community.
      2263 N Trekell Rd, Casa Grande, AZ 85122
      View Details
    • $135,000
      1,500 SF

      Updated Home in 55+ Community

      Updated 3-bedroom, 2-bathroom manufactured home in a vibrant 55+ community.
      2054 N Thornton Rd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing

      Casa Grande Retail Center

      Retail center with national tenants and high visibility spaces.
      1138 N Promenade Pkwy, Casa Grande, AZ 85194
      View Details
    • Contact for pricing

      Retail Center at I-10 & Florence

      Retail center anchored by national tenants at I-10 and Florence.
      846 N Mission Pkwy, Casa Grande, AZ 85194
      View Details
    • Contact for pricing

      Casa Grande Retail Center Opportunity

      Retail spaces and pads available in Casa Grande, Arizona.
      1187 N Promenade Pkwy, Casa Grande, AZ 85194
      View Details
    • $235,000

      New Home in 55+ Community

      New three-bedroom home in Casa Grande's 55+ Casa Verde Estates.
      2100 N Trekell Rd, Casa Grande, AZ 85122
      View Details
    • $81,000

      New Home in 55+ Community

      New home in Casa Grande's premier 55+ community.
      426 W Cottonwood Ln, Casa Grande, AZ 85122
      View Details

    FAQs

    What type of property is this?
    Land - 15.04 acres near I-8, suitable for site-built or manufactured home.
    Where is this land located?
    The property is located at 1 S Midway Rd WEST Casa Grande, AZ.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: - Great investment opportunity in growing Casa Grande area.; - Ready for site-built or manufactured home.; - Electricity available along Midway Road.
    (602) 910-3002
    Request Owner's contact information
    1 S Midway Rd WEST Casa Grande, AZ 85193
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 S Midway Rd WEST
    Casa Grande, AZ 85193
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 S Midway Rd WEST Casa Grande, AZ 85193
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Timothy L Bibb
    Timothy L Bibb
    Real Estate License ID: BR513769000
    (602) 910-3002
    Learn more
    Google sign-in failed. Please try again or use another login method.