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    02 Red Rover Mine Rd, Unit -- Black Canyon City, AZ 85324

    Sponsored
    For Sale
    $178,000

    LAND - Black Canyon City, AZ

    Lot size:
    16.22 Acres
    Days on Market:
    432
    Last Refresh:
    Feb 7 at 9:06 pm

    Property Features for 02 Red Rover Mine Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RCU-2A
    APN
    501-17-001-A
    Lot size
    16.22 Acres

    Building Details

    Additional Structures
    Residence

    We can help!

    Listing Contact
    Dana D McCarty
    Dana D McCarty

    eXp Realty, LLC (602) 525-3224

    Listing agent Dana D McCarty (623) 687-6243

    Listing date Dec 3, 2024

    MLS# 6324933 Listing URL

    Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Arizona Mining Land Opportunity

    This 16.22-acre property offers a piece of Arizona history through ownership of two Red Rover Mine lode claims, Red Rover Copper No 4 and Red Rover Copper No 5, within the Magazine Mining District. Located far north of Cave Creek and extending north to the vicinity of Seven Springs and Black Canyon City, the property spans two counties. The rolling hills offer privacy and solitude, with minerals and rocks in abundance. A leveled spot atop a hill provides a location for a future home or off-the-grid cabin, with views of sunsets. There is a historic dwelling on the property that is unlivable. This is unimproved land with no known utility connections within the immediate vicinity; however, both solar and wind power are successfully being utilized on a nearby homestead. Property is located in Township 8N Range 5E of the Gila and Salt River Meridan. Property access is by private road, and a four-wheel drive vehicle is required. The property may appeal to rock hounds or those who enjoy wildlife.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mining Land & Claims

    Map

    City
    Black Canyon City
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.071267
    Latitude
    34.07811

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mining Land / Claim - 16.22 acres in Black Canyon City, Arizona.
    Where is this mining land / claim located?
    The property is located at 02 Red Rover Mine Rd, Unit -- Black Canyon City, AZ.
    What is the asking price?
    The asking price for this property is $178,000.
    What are key features of this property?
    This property features: - 45.03 acres of land available (combining with MLS #6324820) for $491,000.; - Potential for off-grid living with nearby solar and wind power usage.; - **Ownership of two Red Rover Mine lode claims: Arizona history!**
    (602) 525-3224
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    02 Red Rover Mine Rd, Unit -- Black Canyon City, AZ 85324
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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
    02 Red Rover Mine Rd, Unit -- Black Canyon City, AZ 85324
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    We can help!
    Listing Contact
    Dana D McCarty
    Dana D McCarty
    Real Estate License ID: SA697291000
    (602) 525-3224
    Learn more
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