Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Tortosa Community Title is generated by Realmo AI

    20057 N CORDOBA Street, Maricopa, AZ 85138

    View on Map
    Claim this Listing
    For Sale
    $145,000

    LAND - Maricopa, AZ

    Lot size:
    0.26 Acres
    Added:
    Jan 22, 2024
    Days on Market:
    861
    Last Refresh:
    Jun 1 at 5:06 pm

    Property Features for 20057 N CORDOBA Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GR
    Standard status
    Active
    APN
    502-52-431
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    LOT 20 TORTOSA NW PARCEL 7 CAB E SLD 94
    Tax Annual Amount
    418

    Utilities

    Sewer type
    Public Sewer
    Water source
    Private

    We can help!

    Listing Contact
    Reymundo A Gonzalez

    Listing agent Reymundo A Gonzalez License #SA686533000

    Listing office eXp Realty 16165 N 83rd Ave Ste 200, Peoria, AZ

    Listing date Jan 22, 2024

    MLS# 6653950 Listing URL

    Copyright © 2026 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.

    HighLights

    • Large lot suitable for a custom‑built home.
    • Located in the desirable Tortosa community.
    • All utilities are already on the property.
    • Proximity to the Lucid Motor Plant (35‑minute drive).
    • Established community with public sewer access.
    • Great investment opportunity in a rapidly growing area.

    Overview

    This 0.26-acre lot is located in the Tortosa community of Maricopa, Arizona. The property is suitable for building a custom home. All utilities are available on the property. The location is within a 35-minute drive of the Lucid Motor Plant. The Tortosa community is well-established.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Auto Repair Shop Kitchen & Bath Showroom Daycare Center HVAC Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Maricopa
    County
    Pinal
    State
    Arizona
    Longitude
    -111.957378
    Latitude
    33.061861

    Nearby Similar for Sale

    • $225,000

      Land in Hidden Valley

      8.81 acres near restaurants and medical facilities.
      N Hidden Valley Road, Maricopa, AZ 85139
      View Details
    • $170,000

      Maricopa Vacant Land For Sale

      3.422 acres in Maricopa with city water and electric.
      14081 N Santa Rosa Ave, Maricopa, AZ 85138
      View Details
    • $235,000

      Maricopa Horse Property with Views

      Two acre horse property with mountain views and grazing pasture.
      48217 W QUAIL RUN Way, Maricopa, AZ 85139
      View Details
    • $799,800
      3,840 SF

      New Insulated Metal Building/Hangar

      New 3840 SF insulated metal building with mezzanine option.
      12046 N ROBBINS Lane, Maricopa, AZ 85138
      View Details
    • $119,000

      Maricopa, AZ Land Available

      10 acre commercial land for sale in Maricopa, Arizona.
      W BARNES Road, Maricopa, AZ 85139
      View Details
    • $129,000

      Maricopa Land with Mountain Views

      4.03 acres in Hidden Valley Hills near future regional park.
      54214 W WHIRLY BIRD Road, Maricopa, AZ 85139
      View Details
    • $170,000

      7.94 Acres in Maricopa, AZ

      7.94 acres of Sonoran Desert land in Pinal County.
      0070 W Western Meadows Lane, Maricopa, AZ 85139
      View Details
    • Contact for pricing
      28,052 SF

      Fully Leased Retail Center For Sale

      100% leased retail center with internet-resistant, service-oriented tenants.
      44460 West Edison Road, Maricopa, AZ 85138
      View Details
    • $150,000

      Maricopa Land with Mountain Views

      7.5-acre land in Maricopa with desert terrain and views.
      N Barcelona Road, Maricopa, AZ 85139
      View Details
    • $69,500

      Maricopa Land with Mountain Views

      Approximately 2 acres of land suitable for residential use.
      11933 N SILVER DOG Way, Maricopa, AZ 85139
      View Details
    • $39,000

      Arizona Desert Land Opportunity

      4.63 acres of desert land with mountain views.
      W White Wing Rd #29, Maricopa, AZ 85139
      View Details
    • $175,000

      40 Acres in Maricopa County

      Expansive 40-acre parcel in Maricopa County, Arizona.
      Maricopa, AZ 85139
      View Details

    FAQs

    What type of property is this?
    Land - Large lot in Maricopa's Tortosa community, ideal for custom home.
    Where is this land located?
    The property is located at 20057 N CORDOBA Street Maricopa, AZ.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Large lot suitable for a custom‑built home.; Located in the desirable Tortosa community.; All utilities are already on the property.
    (520) 270-8387
    We can help!
    Listing Contact
    Reymundo A Gonzalez
    Real Estate License ID: SA686533000
    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
    20057 N CORDOBA Street, Maricopa, AZ 85138
    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!