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

    E Florence-Kelvin Hwy Florence, AZ

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,000

    10 acres of land with potential for single-family development.

    Lot size:
    10.00 Acres

    Property Features for E Florence-Kelvin Hwy

    General Information

    Lot size
    10.00 Acres

    We can help!

    Listing Contact
    Tony Preston
    Tony Preston
    Source: Moodyscre

    Listing Agent: Tony Preston

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    10 Acres General Rural Land

    This 10-acre parcel, identified by APN # 206-31-011, is zoned General Rural. Located off Florence Kelvin HWY, the property presents potential development opportunities for single-family large lots. The land benefits from low property taxes within Pinal County. There is potential for land value increase in the near future due to expansion of large companies into the lower east side of the Phoenix valley, making it a promising investment in anticipation of future development within Pinal County.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Florence
    County
    Pinal
    State
    Arizona
    Longitude
    -111.3713264
    Latitude
    33.0366759

    Nearby Similar for Sale

    • New
      $75,000
      0.05 Acres

      RV Lot in Active Community

      Own your land in a vibrant 55+ RV resort.
      432 E Plz Del Sol --, Florence, AZ 85132
      View Details
    • $695,000
      1.44 Acres

      Florence, AZ Land with Building

      1.47-acre lot with 3,200 SF building, ideal for retail.
      15051 Hwy N, Florence, AZ 85132
      View Details
    • $56,500
      0.04 Acres

      RV Lot in Tierra Del Sol

      Own your lot in a 55+ RV resort community.
      510 E Fiesta Del Sol --, Florence, AZ 85132
      View Details
    • Contact for pricing
      0.03 Acres

      Land with Community Amenities

      Land lot with utilities and community features in Florence, Arizona.
      205 E Saguaro Dr, Florence, AZ 85132
      View Details
    • $74,790
      386 SF

      Retirement Home in Active Community

      Partially furnished home in 55+ retirement community with amenities.
      206 E Mesa Dr, Florence, AZ 85132
      View Details
    • $149,000
      567 SF

      Furnished One-Bedroom Unit in Florence

      Furnished one-bedroom unit in a 55+ community in Florence, Arizona.
      232 E Nebraska St, Florence, AZ 85132
      View Details
    • $2,000,000
      13,620 SF

      Industrial Property with SR 79 Frontage

      Fenced industrial property with large lot and highway frontage.
      3110 N Pinal Pkwy, Florence, AZ 85132
      View Details
    • $350,000
      0.27 Acres

      Prime Florence Commercial Duo

      Dual-Space Commercial Building, High Growth Area
      448 Butte Ave, Florence, AZ 85132
      View Details
    • $359,000
      0.21 Acres

      Downtown Florence Commercial Gem

      Historic building, huge potential!
      170 Main St, Florence, AZ 85132
      View Details

    FAQs

    What type of property is this?
    Land - 10 acres of land with potential for single-family development.
    Where is this land located?
    The property is located at E Florence-Kelvin Hwy Florence, AZ.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - 10 acres of land with General Rural zoning; - Potential for single-family large lot development; - Low property taxes in Pinal County
    (602) 743-9788
    Request Owner's contact information
    E Florence-Kelvin Hwy Florence, AZ
    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.
    E Florence-Kelvin Hwy
    Florence, AZ
    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
    E Florence-Kelvin Hwy Florence, AZ
    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
    Tony Preston
    Tony Preston
    (602) 743-9788
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.