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    ±54 Ac O Hanna Rd & Palomas Dr Casa Grande, AZ 85193

    For Sale
    $10,726,214

    Prime Arizona commercial land, excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 54-acre commercial land parcel, located at ±54 AC O Hanna Rd & Palomas Dr, Casa Grande, Arizona 85193, presents a significant investment opportunity. The property, zoned CR2&5, comprises approximately 19 acres and a 35-acre portion, totaling 108 parcels. The asking price is $10,726,214, with cash or terms acceptable to both buyer and seller. A five-year maximum land lease is also an option, starting at an annual rate of $225,780 ($2,000 per acre per year), subject to a 3% annual CPI increase. The total lot size is 2,352,240 square feet. The land is currently vacant and unimproved, offering considerable flexibility for development. No improvements are to be provided by the lessor unless otherwise negotiated. This strategically located property in Pinal County offers substantial potential for various commercial ventures. The coordinates are 32.821208 latitude and -111.834735 longitude. Serious inquiries only.

    Property Features for 0 ±54 Ac O Hanna Rd & Palomas Dr

    General Information

    Property type
    Land
    Lot Size
    2,352,240 SF

    HighLights

    • $10,726,214 asking price for 54 acres of commercial land.
    • Located in Casa Grande, Arizona, at ±54 AC O Hanna Rd & Palomas Dr (85193).
    • Zoned CR2&5.
    • Land lease option available at $225,780 annually, with 3% annual CPI increases.
    • No improvements included unless negotiated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.834735
    Latitude
    32.821208

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    FAQs

    What type of property is this?
    Land - Prime Arizona commercial land, excellent investment.
    Where is this land located?
    The property is located at ±54 Ac O Hanna Rd & Palomas Dr Casa Grande, AZ.
    What is the asking price?
    The asking price for this property is $10,726,214.
    What are key features of this property?
    This property features: $10,726,214 asking price for 54 acres of commercial land.; Located in Casa Grande, Arizona, at ±54 AC O Hanna Rd & Palomas Dr (85193).; Zoned CR2&5.
    Request Owner's contact information
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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
    ±54 Ac O Hanna Rd & Palomas Dr Casa Grande, AZ 85193
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