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    For Sale (23)

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    Green Valley Estate Lot
    $182,500
    4.59 Acres

    Green Valley Estate Lot

    4.6 acre luxury estate lot with mountain views.

    640 E Canyon Rock Rd, Green Valley, AZ 85614
    View details
    Snowflake, AZ Acreage For Sale
    $52,000
    38.23 Acres

    Snowflake, AZ Acreage For Sale

    38.23 acre lot with patented well in Snowflake, AZ.

    2991 Retirement Rd, Snowflake, AZ 85937
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    Concho, AZ Acreage Available
    Contact for pricing
    1.03 Acres

    Concho, AZ Acreage Available

    1.03 acre lot in Park Show Low Development.

    1916 Ml Ln Rd, Concho, AZ 85924
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    Scottsdale Multifamily Investment Opportunity
    $1,250,000

    Scottsdale Multifamily Investment Opportunity

    Four-unit property near Old Town Scottsdale with strong upside potential.

    3014 N 70Th St, Scottsdale, AZ 85251
    View details
    Snowflake, AZ Acreage with Well
    $52,000
    38.23 Acres

    Snowflake, AZ Acreage with Well

    38.23 acre lot with patented well in Snowflake, AZ.

    2991 Retirement Rd, Snowflake, AZ 85937
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    Land in Vernon, Arizona
    Contact for pricing
    1.14 Acres

    Land in Vernon, Arizona

    1.14 acre corner lot in the White Mountains.

    30 Acr 3190 Rd, Vernon, AZ 85940
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    Land in Vernon, Arizona
    Contact for pricing
    1.14 Acres

    Land in Vernon, Arizona

    1.14-acre corner lot in the White Mountains.

    21 Acr 3193 Rd, Vernon, AZ 85940
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    Land in Eloy, Arizona
    Contact for pricing
    0.39 Acres

    Land in Eloy, Arizona

    Raw land with growth potential in Eloy, Arizona.

    2415 W Oak St, Eloy, AZ 85131
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    Maricopa Land with Mountain Views
    $129,000
    4.03 Acres

    Maricopa Land with Mountain Views

    4.03 acres in Hidden Valley Hills near future regional park.

    54214 W Whirly Bird Rd, Maricopa, AZ 85139
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    Concho, AZ Acreage Available
    Contact for pricing
    1.03 Acres

    Concho, AZ Acreage Available

    1.03 acre lot in Park Show Low development.

    County Road, Concho, AZ 85924
    View details
    Scottsdale Vacant View Lot
    $530,000
    0.99 Acres

    Scottsdale Vacant View Lot

    Nearly 1-acre lot with utilities and house plans.

    10986 E Loving Tree Ln, Scottsdale, AZ 85262
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    Spacious Lot in Tonopah, AZ
    $56,000
    1.00 Acre

    Spacious Lot in Tonopah, AZ

    One-acre lot in Tonopah, Arizona, ideal for development.

    332xx W Siesta Way, Tonopah, AZ 85354
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    Highway 79 Land, Florence, AZ
    $595,000
    10.46 Acres

    Highway 79 Land, Florence, AZ

    10.46 acre parcel with commercial potential in growing Florence, AZ.

    79 -- Hwy N, Florence, AZ 85132
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    Renovated Duplex with Mountain Views
    $425,000

    Renovated Duplex with Mountain Views

    Updated duplex in Sunnyslope with RV gates and mountain views.

    10429 N 11Th Ave, Phoenix, AZ 85021
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    Happy Jack Land Legacy Compound
    $250,000
    3.14 Acres

    Happy Jack Land Legacy Compound

    3.14 acres in Happy Jack, AZ, ready for your dream home.

    5527 Datil Cir, Happy Jack, AZ 86024
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    Land in Tonopah, Arizona
    $145,000
    2.01 Acres

    Land in Tonopah, Arizona

    2-acre lot with utilities nearby, mountain views, no HOA.

    W Globe Ave, Tonopah, AZ 85354
    View details
    Vernon, Arizona Land Parcel
    Contact for pricing
    1.14 Acres

    Vernon, Arizona Land Parcel

    1.14-acre corner lot in the White Mountains.

    30 County Rd 3190, Vernon, AZ 85940
    View details
    Vernon, AZ Land For Sale
    Contact for pricing
    1.14 Acres

    Vernon, AZ Land For Sale

    1.14 acre corner lot in the White Mountains.

    21 Co Rd 3193, Vernon, AZ 85940
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    40 Acres in Apache County
    Contact for pricing
    40.78 Acres

    40 Acres in Apache County

    High-desert property near St. Johns, AZ, bordering State Trust Land.

    Witch Wl Rnch --, St Johns, AZ 85936
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    40 Acres in Tonopah Mountains
    $169,000
    40.13 Acres

    40 Acres in Tonopah Mountains

    Land with well in Tonopah, Arizona, offering secluded views.

    Tonopah, AZ 85354
    View details
    Buckeye Vacant Land Opportunity
    $504,000
    3.03 Acres

    Buckeye Vacant Land Opportunity

    3 acres of vacant land with mountain views in Buckeye.

    W Elliot Rd, Buckeye, AZ 85326
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    Buckeye Vacant Land with Views
    $910,000
    5.00 Acres

    Buckeye Vacant Land with Views

    5 acres of vacant land in Buckeye with mountain views.

    21235 W Elliot Rd, Buckeye, AZ 85326
    View details
    Corner Lot in Tonopah
    $56,000

    Corner Lot in Tonopah

    Land available in Tonopah, Arizona.

    332xx W Siesta Way, Tonopah, AZ 85354
    View details

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    Arizona Foothills Realty, Inc.
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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
    Arizona Foothills Realty, Inc.
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