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    Nwc Cornman Rd & Corrales Rd Casa Grande, AZ 85122

    For Sale
    $5,080,050

    112 Acres, Excellent Location, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 112.89-acre commercial land parcel in Casa Grande, Arizona, presents a significant investment opportunity. Comprised of three contiguous parcels (APN 511-67-0060, 511-67-0080, and 511-67-0090), each approximately 37 acres, the property is zoned CR2&5 and offers significant potential for development. Located at the Northwest corner of Cornman Road and Corrales Road, this vacant, unimproved land boasts a strategic position approximately one mile northeast of the 2,360-acre Attessa Complex, a large-scale development currently under construction that will create over 13,000 jobs and include residential homes, a hotel, and a convention center. Furthermore, the property is situated about 3.5 miles west of Lucid's recently completed Phase 1 electric vehicle manufacturing plant, employing over 4,000 workers. Convenient access is provided by a full diamond interchange approximately 1.5 miles away at Montgomery Road and I-8 Highway. The asking price is $5,080,050, or $45,000 per acre. Cash or terms are acceptable. Additionally, the property is available for sale or land lease, with a starting annual lease rate of $225,780 ($2,000 per acre per year), including a 3% annual CPI increase. No improvements are to be provided by the lessor unless otherwise negotiated. This property offers unparalleled access to a rapidly growing area with significant employment opportunities and infrastructure improvements.

    Property Features for 0 Nwc Cornman Rd & Corrales Rd

    General Information

    Property type
    Land
    Lot Size
    4,917,488 SF

    HighLights

    • Available for sale or land lease.
    • Annual land lease rate: $225,780 ($2,000/acre). Lease includes 3% annual CPI increases.
    • No improvements provided by lessor (negotiable).
    • Sale price: $5,080,050 ($45,000/acre). Cash or terms acceptable.
    • 1 mile northeast of the 2,360‑acre Attessa Complex (under construction).
    • Attessa Complex will create over 13,000 jobs, including residential, hotel, and convention center components.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.7494492784
    Latitude
    32.938440833153

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    FAQs

    What type of property is this?
    Land - 112 Acres, Excellent Location, Investment Opportunity
    Where is this land located?
    The property is located at Nwc Cornman Rd & Corrales Rd Casa Grande, AZ.
    What is the asking price?
    The asking price for this property is $5,080,050.
    What are key features of this property?
    This property features: Available for sale or land lease.; Annual land lease rate: $225,780 ($2,000/acre). Lease includes 3% annual CPI increases.; No improvements provided by lessor (negotiable).
    Request Owner's contact information
    Nwc Cornman Rd & Corrales Rd Casa Grande, AZ 85122
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    Realmo Value Estimation

    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.

    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.

    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
    Nwc Cornman Rd & Corrales Rd Casa Grande, AZ 85122
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