Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    17.98 Acres in Florence, AZ Title is generated by Realmo AI

    SWC Hunt Highway & Merrill Ranch Road, Florence, AZ 85132

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Located in a high-growth area near major retailers.

    Type:Land
    Lot size:
    17.98 Acres
    Added:
    May 22, 2024
    Days on Market:
    742
    Last Refresh:
    May 12 at 11:39 pm

    Property Features for SWC Hunt Highway & Merrill Ranch Road

    General Information

    Standard status
    Active
    Lot size
    17.98 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Rommie Mojahed

    Listing agent Rommie Mojahed License #AZ SA548861000

    Listing office CRE8 Advisors

    Listing date May 22, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of CRE8 Advisors

    HighLights

    • Located in a high‑growth area at the intersection of Hunt Highway and Merrill Ranch Parkway.
    • 17.98 acres available.
    • Adjacent to a Safeway anchored center.
    • Surrounded by national tenants including Banner Health, Subway, McDonalds, Wells Fargo, Big O Tires, Super Star Carwash, and Starbucks.
    • Many new users are coming to the intersection and surrounding areas.
    • Call for Pricing

    Overview

    This 17.98-acre commercial land is located at the southwest corner of Hunt Highway and Merrill Ranch Parkway. The property is situated adjacent to a Safeway-anchored center that includes Banner Health, Subway, McDonalds, Wells Fargo, Big O Tires, Super Star Carwash, and Starbucks. This area is experiencing significant growth, with numerous new businesses establishing themselves at the intersection and in the surrounding vicinity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Florence
    County
    Pinal
    State
    Arizona
    Longitude
    -111.213
    Latitude
    32.8049

    Nearby Similar for Sale

    • $350,000

      Highway Frontage Land in Florence

      1.134 acres with highway frontage in downtown Florence, Arizona.
      224 N PINAL PARKWAY Avenue, 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
    • $769,000

      Land in Florence, Arizona

      3.31 acre commercial land for sale in Florence, Arizona.
      E Hunt Highway, Florence, AZ 85132
      View Details
    • $150,000

      Florence, AZ Land For Sale

      0.72 acre lot with utilities in Florence, Arizona.
      227 N PHOENIX Street, Florence, AZ 85132
      View Details
    • $135,000

      Corner Lot in Florence, Arizona

      19,358 SF corner lot with utilities in Florence, AZ.
      675 E 8TH Street, 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
    • $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

      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
    • $119,997

      Commercial Land in Florence, Arizona

      Commercial land on Main Street in Florence, Arizona.
      110 N MAIN Street, 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?
    Commercial land - Located in a high-growth area near major retailers.
    Where is this commercial land located?
    The property is located at SWC Hunt Highway & Merrill Ranch Road Florence, AZ.
    What are key features of this property?
    This property features: Located in a high‑growth area at the intersection of Hunt Highway and Merrill Ranch Parkway.; 17.98 acres available.; Adjacent to a Safeway anchored center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rommie Mojahed
    Real Estate License ID: AZ SA548861000
    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
    SWC Hunt Highway & Merrill Ranch Road, 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!