Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hanna Rd Eloy, AZ 85131

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Hanna Rd Eloy, AZ 85131

    View on Map
    • Land
    • 4.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hanna Rd

    Lot size
    4.00 lot acres
    Property type
    Land

    Description

    This exceptional 4-acre parcel presents a unique opportunity for residential development in the desirable Eloy, Arizona area. Located in Pinal County, this rectangular lot boasts convenient access via frontage on both E Hanna Road (south boundary) and Blair Road (north boundary). The property's zoning is designated as GR, offering flexibility for various residential projects. A significant advantage is the inclusion of an existing well agreement, securing water rights for the land. The generous lot size allows for potential subdivision, with the possibility of creating two 2-acre parcels, ideal for individual homes or smaller developments. The asking price is $85,000, translating to a land value of $23,750 per square foot. The property's APN is 401-48-0740. This is a rare opportunity to acquire a sizable, well-situated residential lot in a growing Arizona community with established water rights. The property's location and features make it an attractive investment for builders, developers, or individuals seeking a substantial land holding. Don't miss this chance to secure this valuable asset in Eloy, AZ, zip code 85131.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eloy
    County
    Pinal
    State
    Arizona
    Longitude
    -111.52
    Latitude
    32.8214

    Comparable in this City

    • Value Estimation by Request
      40.00 Acres

      4606 Toltec Rd

      Land • 40.00 Acres
      4606 Toltec Rd, Eloy, AZ 85131
      View Details
    • Value Estimation by Request
      219.38 Acres

      3810 Hanna Rd

      Land • 219.38 Acres
      3810 Hanna Rd, Eloy, AZ 85131
      View Details
    • Value Estimation by Request
      0.35 Acres

      Swc Shira Sr & Granada Dr

      Land • 0.35 Acres
      0 Swc Shira Sr & Granada Dr, Eloy, AZ 85131
      View Details
    • Value Estimation by Request
      2,358.00 Acres

      3111 Alsdorf Rd

      Farms • 2,358.00 Acres
      3111 Alsdorf Rd, Eloy, AZ 85131
      View Details
    • Value Estimation by Request
      300.00 Acres

      Battaglia Rd

      Land • 300.00 Acres
      0 Battaglia Rd, Eloy, AZ 85131
      View Details
    • Value Estimation by Request
      4.00 Acres

      3563 Blair Rd

      Land • 4.00 Acres
      3563 Blair Rd, Eloy, AZ 85131
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale in Eloy

      Land available south of Milligan Road and Sunshine Boulevard.
      2002 S Sunshine Blvd, Eloy, AZ 85131
      View Details
    • $135,000

      Land For Sale in Eloy

      Land available in Eloy, Arizona on Hanna Road.
      1600 E Hanna Rd, Eloy, AZ 85131
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase on Trona Drive, Eloy, Arizona.
      3365 W Trona Dr, Eloy, AZ 85131
      View Details
    • $190,000
      435,600 SF

      Land Near Manufacturing Corridor

      10 acres near Casa Grande with development potential.
      2 West Harmon Rd, Eloy, AZ 85131
      View Details
    • $38,000
      5.00 Acres

      5-Acre Vacant Land Parcel

      5-acre vacant land in rural Arizona desert country.
      500-42-001 F, Eloy, AZ 85131
      View Details
    • Contact for pricing
      14,537 SF

      Land Near Interstate-10, Eloy, AZ

      Land near I-10, between Phoenix and Tucson.
      3200 Cortaro Dr, Eloy, AZ 85131
      View Details

    Similar Nearby for Lease

    • $1.35 SF/Yr

      Industrial Building Suites For Lease

      Industrial suites for lease in under-construction building.
      201 E Alsdorf Rd, Eloy, AZ 85131
      View Details
    • $1.35 SF/Yr

      Industrial Building Under Construction

      Industrial suites for lease at E Alsdorf & S Sunshine.
      201 E Alsdorf Rd, Eloy, AZ 85131
      View Details
    • Contact for pricing

      Retail Building on 1.48 Acres

      Retail building with owner-user potential, adjacent to Circle K.
      612 W Frontier St, Eloy, AZ 85131
      View Details
    • Contact for pricing
      2,380 SF

      Retail/Office Space in Eloy, AZ

      High-visibility retail/office space at Robson Ranch entrance in Eloy.
      5251 N Robson Blvd, Eloy, AZ 85131
      View Details
    • Contact for pricing

      409-413 N Main St, Eloy, AZ 85131

      Mixed-use properties
      409-413 N Main St, Eloy, AZ 85131
      View Details
    • $0.85 SF/Yr
      51,613 SF

      Industrial Building with Land Available

      Industrial building for lease in Eloy, Arizona with land.
      1520 W Battaglia Rd, Eloy, AZ 85131
      View Details
    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.
    Hanna Rd
    Eloy, AZ 85131
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!