Add Listing
    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

    3001 E Ocotillo Rd San Tan Valley, AZ 85140

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,000,000

    15.8 acre parcel zoned CB2, ideal for self-storage development.

    Lot size:
    15.80 Acres

    Property Features for 3001 E Ocotillo Rd

    General Information

    Standard status
    Active
    Lot size
    15.80 Acres

    We can help!

    Listing Contact
    Carrick Sears
    Source: Crexi

    Listing Agency: SVN | Desert Commercial Advisors Listing Agent: Carrick Sears

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

    Learn more

    Overview

    San Tan Valley Land Opportunity

    This 15.8-acre parcel presents a significant opportunity for new self-storage development. Zoned CB2, the property is suitable for self-storage facilities. There are two neighboring self-storage lots available, which can be purchased together or separately. One lot is permit-ready, while the other is in the final stages of permit approval. One lot features air-cooled storage, and the other offers drive-up units, RV, and boat storage. The property is located in North San Tan Valley, at the southwest corner of Ocotillo Road and Schnepf Road. Ocotillo Road serves as a main east-west arterial with a traffic count of 30,000 cars per day. The site is situated two miles east of a recently developed Safeway shopping center at the northwest corner of Ironwood Drive. Ironwood Drive provides a north connection to the extension of Highway 24, linking San Tan Valley residents to the Loop 202 Freeway and other areas of Metro Phoenix. The property is located 11 miles from Phoenix/Mesa Gateway Airport, which offers flights to over 47 destinations. San Tan Valley is an incorporated community within Pinal County, with over 230,000 residents within a 10-mile radius. The towns of Queen Creek, Apache Junction, and Florence border San Tan Valley. The area comprises master-planned residential communities such as Johnson Ranch and Ironwood Crossing. The trade area benefits from a diverse economy rooted in agriculture and mining, alongside emerging technologies in aerospace, bio-med, and high-tech manufacturing. The area also has recreational, cultural, and tourism components. The location offers access from both Ocotillo and Schnepf Roads, with good signage and visibility. Prospective renters for a newly developed commercial center will come from both Queen Creek and San Tan Valley.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    San Tan Valley
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1236862
    Latitude
    33.5350842

    Nearby Similar for Sale

    • Contact for pricing
      Pending

      Exceptional Horse Property with Arena

      Innovative horse property featuring a large arena and modern amenities.
      185 W Marilyn Way, San Tan Valley, AZ 85140
      View Details
    • Contact for pricing
      2,052 SF

      New Arby's Restaurant For Sale

      New construction Arby's with a 20-year absolute NNN lease.
      1520 Hunt Hwy, San Tan Valley, AZ 85143
      View Details
    • Contact for pricing
      2,862 SF

      Retail Space For Sale

      Retail space available for purchase.
      37723 North Gantzel Rd, San Tan Valley, AZ 85140
      View Details
    • Contact for pricing

      Retail Space For Sale/Lease

      Retail property available for sale or lease in San Tan.
      Hunt Hwy & Spg Vly Pkwy, San Tan Valley, AZ 85143
      View Details

    FAQs

    What type of property is this?
    Commercial land - 15.8 acre parcel zoned CB2, ideal for self-storage development.
    Where is this commercial land located?
    The property is located at 3001 E Ocotillo Rd San Tan Valley, AZ.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - Permit-ready lot (Lot 1) and lot in final permit approval stages (Lot 2) for self-storage development.; - CB2 zoning allows for self-storage development.; - High traffic location at the corner of Ocotillo and Schnepf Roads with 30,000 cars per day on Ocotillo Road, providing excellent visibility and access.
    (602) 327-0325
    Request Owner's contact information
    3001 E Ocotillo Rd San Tan Valley, AZ 85140
    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.
    3001 E Ocotillo Rd
    San Tan Valley, AZ 85140
    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
    3001 E Ocotillo Rd San Tan Valley, AZ 85140
    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
    Carrick Sears
    Real Estate License ID: BR633405000
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!