0 Nwc Cornman Rd & Corrales Rd Casa Grande, AZ 85122
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.