Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3818 N MINNESOTA Avenue Florence, AZ 85132

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Florence, AZ

    Lot size:
    0.28 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    26
    Last Refresh:
    May 2 at 5:06 pm

    Property Features for 3818 N MINNESOTA Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    man/res
    Standard status
    Pending
    APN
    200-53-096-A
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 473 FLORENCE GARDENS UNIT B
    Tax Annual Amount
    247

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Mitzi Van Meter

    Listing agent Mitzi Van Meter License #SA545813000

    Listing office RE/MAX Fine Properties 4365 E Pecos Rd #103, Scottsdale, AZ

    Listing date Apr 7, 2026

    MLS# 7010604 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.

    Overview

    Florence, AZ Land Opportunity

    These lots feature desert landscaping and are located on a quiet street. Utilities are accessible nearby and can be brought to the property. The combined lots, totaling 0.28 acres, can be split, allowing for a home on each individual lot. The zoning is mixed-use, allowing for both manufactured and residential structures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Hotel & Motel HVAC Service Storage Facility Furniture & Home Goods Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Pinal
    State
    Arizona
    Longitude
    -111.38504
    Latitude
    33.073715

    Nearby Similar for Sale

    • $97,000

      Vacant Land in Florence, AZ

      Vacant lot in established area with convenient access to amenities.
      360 N PARK Street, Florence, AZ 85132
      View Details
    • $330,000

      Duplex on Corner Lot

      Duplex in Florence, AZ, with spacious corner lot.
      131 E 8TH Street, Florence, AZ 85132
      View Details
    • $45,000

      Corner Lot in Florence, AZ

      1.25 acre corner lot zoned General Rural.
      E Autumn Lane, Florence, AZ 85132
      View Details
    • $125,000

      Historic Triplex Restoration Opportunity

      Historic triplex in Florence, AZ, requiring full rehabilitation.
      361 N QUARTZ Street, Florence, AZ 85132
      View Details
    • $300,000

      Expansive Desert Land in Florence

      40-acre desert property near Florence, Arizona, with mountain views.
      1/2 Mile N Florence Street, Florence, AZ 85132
      View Details
    • $769,000

      Land in Florence, Arizona

      3.31 acre commercial land for sale in Florence, Arizona.
      E Hunt Highway, Florence, AZ 85132
      View Details
    • $124,997

      Commercial Land in Florence, Arizona

      Commercial land on Main Street in Florence, Arizona.
      110 N MAIN Street, Florence, AZ 85132
      View Details
    • $74,900

      Residential Lot Ready for Redevelopment

      Cleared residential lot in Florence, ready for new construction.
      6035 E HELIOS Drive, Florence, AZ 85132
      View Details
    • $3,699,000

      Florence Land Redevelopment Opportunity

      147.96 acres in Florence, Arizona with redevelopment potential.
      18100 N WALKER BUTTE Drive, Florence, AZ 85132
      View Details
    • $45,000

      Florence, AZ Covered RV Lot

      RV lot with hookups and shed in Florence, Arizona.
      219 E MARICOPA Boulevard, Florence, AZ 85132
      View Details
    • $45,000

      Golf Course Lot in Florence

      Oversized lot with utilities and golf course views.
      3718 N FLORENCE Boulevard, Florence, AZ 85132
      View Details
    • $40,000

      Landscaped Lot in Florence Gardens

      Landscaped lot with utilities in Florence Gardens community.
      3706 N KANSAS Avenue, Florence, AZ 85132
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two residential lots in Florence, Arizona, being sold together.
    Where is this residential land & home lot located?
    The property is located at 3818 N MINNESOTA Avenue Florence, 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: Two lots being sold together, offering potential for a larger property.; Option to split the lots and build a home on each.; Desert landscaping already in place.
    (480) 570-2052
    We can help!
    Listing Contact
    Mitzi Van Meter
    Real Estate License ID: SA545813000
    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

    3818 N MINNESOTA Avenue, Florence, AZ 85132

    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!