Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Nikola Factory Title is generated by Realmo AI

    3155 W ATLANTIC Drive, Eloy, AZ 85131

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    LAND - Eloy, AZ

    Lot size:
    0.34 Acres
    Added:
    Jan 18, 2026
    Days on Market:
    120
    Last Refresh:
    May 18 at 2:06 pm

    Property Features for 3155 W ATLANTIC Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GR
    Standard status
    Active
    APN
    404-18-291
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 18 BLOCK M AMD TOLTECT/ARIZONA UNIT TWENTY TWO CAB 13 SLD 35
    Tax Annual Amount
    15

    We can help!

    Listing Contact
    Timothy W Schutt

    Listing agent Timothy W Schutt License #BR567000000

    Listing office Wrangler Real Estate 8132 N 16th St, Phoenix, AZ

    Listing date Jan 18, 2026

    MLS# 6970629 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

    • Motivated Seller: Priced for Quick Sale!
    • Location in Eloy, Arizona, a growing area.
    • Proximity to Nikola Electric Car Factory.
    • Near Other Big Businesses Coming to Pinal County.
    • Multiple Lots Available.

    Overview

    This 0.34-acre commercial land is located in Eloy, Arizona. The property is zoned GR. The seller is motivated and has multiple properties in the region. It is situated near the new Nikola electric car manufacturer factory and other businesses coming to Pinal County. The property is priced for a quick sale. Intended use of the property is not specified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Eloy
    County
    Pinal
    State
    Arizona
    Longitude
    -111.607
    Latitude
    32.6521

    Nearby Similar for Sale

    • $14,000

      Eloy Land Near I-10

      Located in Eloy city center, less than 2 Miles from I-10.
      216 W 2ND Place, Eloy, AZ 85131
      View Details
    • $15,000

      Land in Growing Eloy, AZ

      Two adjacent lots totaling 0.69 acres in Eloy, Arizona.
      3245 N HUALAPAI Drive, Eloy, AZ 85131
      View Details
    • $24,500

      Large Homesite in Growing Eloy

      0.67-acre homesite in Eloy, near Phoenix and Tucson.
      4330 N ESTRELLA Road, Eloy, AZ 85131
      View Details
    • $9,997

      Land Near Nikola Factory

      Land for sale near Nikola factory in Eloy, Arizona.
      3120 W ATLANTIC Drive, Eloy, AZ 85131
      View Details
    • $43,997

      Land Near Nikola Factory

      Land for sale near Nikola factory in Eloy, Arizona.
      3825 N ZAPOTEC Avenue, Eloy, AZ 85131
      View Details
    • $6,997

      Land For Sale in Eloy

      Land available in Eloy, Arizona, near upcoming businesses.
      4220 N MONARCH Drive, Eloy, AZ 85131
      View Details
    • $29,900

      Eloy Multifamily Development Opportunity

      Large lot zoned for multifamily development in growing Eloy market.
      4120 N CORTEZ Street, Eloy, AZ 85131
      View Details
    • $100,000

      Spacious Land Parcel in Eloy

      3.35-acre parcel ready for your dream home in Eloy.
      14347 W Zodiac Drive, Eloy, AZ 85131
      View Details
    • $7,995

      Vacant Land in Growing Eloy

      Strategic investment opportunity in Eloy, Arizona with future appreciation potential.
      4925 N CORTEZ Drive, Eloy, AZ 85131
      View Details
    • $134,900

      Aviator's Estate at Flying Crown Ranch

      9.36-acre aviator's estate with taxiway access in Eloy, Arizona.
      123 W Aries Drive, Eloy, AZ 85131
      View Details
    • $84,900

      Flat Corner Lot in Eloy

      4.06-acre corner lot in growing Eloy area.
      1 E Blair Road, Eloy, AZ 85131
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land for sale near Nikola factory in Eloy, Arizona.
    Where is this commercial land located?
    The property is located at 3155 W ATLANTIC Drive Eloy, AZ.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Motivated Seller: Priced for Quick Sale!; Location in Eloy, Arizona, a growing area.; Proximity to Nikola Electric Car Factory.
    (480) 313-2246
    We can help!
    Listing Contact
    Timothy W Schutt
    Real Estate License ID: BR567000000
    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
    3155 W ATLANTIC Drive, Eloy, AZ 85131
    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!