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

    2861 E Randolph Rd Casa Grande, AZ 85194

    • Commercial real estate
    • 20.00 lot acres
    For Sale
    View listing
    $780,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0689672
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2861 E Randolph Rd

    Lot size
    20.00 lot acres
    Property type
    Commercial real estate
    APN
    401-01-028B

    Description

    This exceptional 20-acre parcel of land presents a unique investment opportunity in Casa Grande, Arizona. Located at 2861 W Randolph Rd, this property is zoned (GR) General Rural Zoning District, offering considerable flexibility for various industrial uses. The expansive lot size provides ample space for development, making it ideal for businesses requiring significant land area for operations or storage. The property's APN is 401-01-028B. Situated in Pinal County, this location offers convenient access to major transportation routes, facilitating efficient logistics and distribution. The asking price for this substantial land holding is $790,000. Detailed information regarding permitted uses under the General Rural Zoning designation is readily available. This property represents a compelling chance to acquire a large, strategically located industrial land parcel in a growing Arizona market. Prospective buyers are encouraged to conduct their own due diligence to confirm suitability for their intended use. The property is located in Casa Grande, AZ, zip code 85194, with GPS coordinates 32.922537 latitude and -111.599167 longitude. This is a rare opportunity to secure a significant land asset in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.599167
    Latitude
    32.922537

    Comparable in this City

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      2.54 acre lot ready for custom home with mountain views.
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      Large 7.21 acre parcel near I-10 in Casa Grande.
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      Residential Land in Casa Grande

      Vacant land to build your dream home near Phoenix.
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    Similar Nearby for Sale

    • $189,900

      Vacant Land Southwest of Casa Grande

      10+ acre vacant parcel near Casa Grande, Arizona.
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    • $325,000
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      5 Acres with Water Rights

      5-acre land with water rights, ideal for agriculture/residential use.
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    • $3,175,000
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      Casa Grande Land For Sale

      Residential/Rural land available in Casa Grande, Arizona.
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      Land in Pinal County, Arizona

      Land located south of Overfield & Val Vista Road.
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    • $1,520,000
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      80 Acres Near Manufacturing Corridor

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    • New
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    Similar Nearby for Lease

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      40,012 SF

      Retail Spaces Available For Lease

      High visibility retail spaces for lease in Casa Grande.
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      Casa Grande Retail Space Available

      Retail spaces for lease in Casa Grande, Arizona.
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      2,000 SF

      Retail Space in Casa Grande

      High visibility retail spaces available for lease in Casa Grande.
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      7,500 SF

      Regional Power Center Retail Space

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      Retail spaces available in a high-visibility, nationally anchored shopping center.
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    2861 E Randolph Rd
    Casa Grande, AZ 85194
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    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
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