Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    12381 N Pars Ranch Place unit 1 Marana, AZ 85653

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $530,000

    LAND - Marana, AZ

    Lot size:
    39.00 Acres
    Added:
    Nov 19, 2020
    Days on Market:
    1994
    Last Refresh:
    May 6 at 1:06 pm

    Property Features for 12381 N Pars Ranch Place unit 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Pima County - GR1
    Fencing
    Barbed Wire
    Standard status
    Active Under Contract
    APN
    208-10-1120
    Lot size
    39.00 Acres

    Taxes and HOA fees

    Tax Year
    2019
    Tax Description
    Pars Ranch Estates Lots 1-39
    Tax Annual Amount
    2911

    Utilities

    Utilities
    Propane

    We can help!

    Listing Contact
    Jim Vincent
    Jim Vincent

    Listing agent Jim Vincent License #BR512131000

    Listing office JVincent Company LLC 2850 E Skyline Dr Ste 100, Tucson, AZ

    Listing date Nov 19, 2020

    MLS# 22028980 Listing URL

    Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Development‑Ready: Flat site with soft soils and all utilities (well, power, paved road) already available.
    • Subdivision Potential: Formerly platted as a 39‑lot subdivision, offering immediate development possibilities or the option to abandon the plat for a private estate.
    • Prime Location: Excellent exposure on El Tiro Rd., near Roadrunner Elementary School and Ironwood Forest National Monument.
    • Affordable Pricing: Priced at $530,000 or $13,589 per lot, representing strong value.
    • Utilities Included: Equipped with a well and power.
    • Accessible: Paved road access.

    Overview

    39 Acres Near Marana, AZ

    This 39-acre property is located near Marana, Arizona. It is equipped with a well, power, and a paved road. Formerly platted as a 39-lot subdivision with approximately 1-acre lots, buyers have the option to abandon the plat and keep the entire acreage or proceed with developing the lots. The property has exposure on El Tiro Rd and is within walking distance of Roadrunner Elementary School and a half-mile from Ironwood Forest National Monument. The site is flat with soft soils. All utilities are available at the site. The zoning is Pima County - GR1. This property is suitable for development or a private estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Marana
    County
    Pima
    State
    Arizona
    Longitude
    -111.435
    Latitude
    32.4086

    Nearby Similar for Sale

    • $395,000

      Solana Dove Mountain Homesite

      Stunning 1.649-acre homesite in Solana a Dove Mountain community.
      14312 N Silent Sky Place, Marana, AZ 85658
      View Details
    • $150,000

      Avra Valley Land Opportunity

      2.39-acre parcel in growing Avra Valley community.
      16035 W El Tiro Road, Marana, AZ 85653
      View Details
    • $399,000

      Marana Homesite in Gated Community

      4.23-acre homesite in Saguaro Ranch, Marana, with mountain views.
      13960 N Jims Deadend Place unit: 33, Marana, AZ 85658
      View Details
    • $395,000

      Solana at Dove Mountain Homesite

      1.792-acre homesite in Solana a Dove Mountain community.
      14256 N Silent Sky Place unit: 6, Marana, AZ 85658
      View Details
    • $55,000

      Avra Valley Homesite Opportunity

      Expansive homesite with panoramic mountain views near Marana and Tucson.
      5acres N Parrot Ln, Marana, AZ 85653
      View Details
    • $70,000

      Spacious Marana Residential Lot

      One-acre residential lot in Marana, Arizona, ready for development.
      9880 N Anway Road, Marana, AZ 85653
      View Details
    • $48,000

      Avra Valley 5-Acre Parcel

      5-acre parcel with flexible zoning in Avra Valley.
      6640 N Trico Road, Marana, AZ 85653
      View Details
    • $249,000

      Runway Frontage Lot in Marana

      6+ acre lot with runway frontage in Twin Hawks Airpark.
      340xx E Skylane Road, Marana, AZ 85658
      View Details
    • $115,000

      Marana Acre with Utilities Ready

      One acre parcel with utilities in place, ready for development.
      16490 W Sandy Street, Marana, AZ 85653
      View Details
    • $200,000

      Land in Canyon Pass

      2.32 acre homesite in guard gated Dove Mountain.
      3879 W Cayton Mountain Drive unit: 163, Marana, AZ 85658
      View Details
    • $135,000

      Secluded Desert Land Parcel

      Private, gated 9.63-acre land parcel bordering BLM land.
      40679 S Staghorn Lane, Marana, AZ 85658
      View Details
    • $135,000

      Secluded Land Parcel in Marana

      Private 9.72-acre parcel bordering BLM land in Marana, Arizona.
      40679 S Staghorn Lane, Marana, AZ 85658
      View Details

    FAQs

    What type of property is this?
    Land - 39 acres with well, power, and paved road access.
    Where is this land located?
    The property is located at 12381 N Pars Ranch Place unit 1 Marana, AZ.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: Development‑Ready: Flat site with soft soils and **all utilities (well, power, paved road) already available**.; Subdivision Potential: Formerly platted as a 39‑lot subdivision, offering immediate development possibilities or the option to abandon the plat for a private estate.; Prime Location: Excellent exposure on El Tiro Rd., near Roadrunner Elementary School and Ironwood Forest National Monument.
    (520) 548-0216
    We can help!
    Listing Contact
    Jim Vincent
    Jim Vincent
    Real Estate License ID: BR512131000
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    12381 N Pars Ranch Place unit: 1, Marana, AZ 85653
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!