Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    115XX W Riggs Road Buckeye, AZ 85326

    View on Map
    Claim this Listing
    Pending
    $240,000

    LAND - Buckeye, AZ

    Lot size:
    24.00 Acres
    Added:
    Jun 14, 2025
    Days on Market:
    315
    Last Refresh:
    Apr 24 at 4:06 pm

    Property Features for 115XX W Riggs Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-43
    Standard status
    Pending
    APN
    400-67-006-Y
    Lot size
    24.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    E2 W2 SE4 SEC 25 EX N 1056F TH/OF
    Tax Annual Amount
    14

    We can help!

    Listing Contact
    Kelly Meadows
    Kelly Meadows

    Listing agent Kelly Meadows License #BR551340000

    Listing office Realty ONE Group 15150 W Park Place Ste 315, Phoenix, AZ

    Listing date Jun 14, 2025

    MLS# 6880495 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.

    Overview

    24 Acres in Buckeye, AZ

    This 24-acre parcel in Buckeye, Arizona, presents an opportunity for investment or homesteading. The property is not subject to HOA regulations and is not located within a flood plain. It offers mountain views and some city lights to the west. The land is situated less than 8 miles from the existing Estrella Mountain Ranch master plan community and only a mile from the next planned phase. Riggs Road, a section line, may add potential future commercial value. The property is 3 miles from the planned Hwy 11 connecting Mexico to Canada and only two miles from the Sierra Estrella Wilderness. Despite its rural setting, it is only 15 miles from Phoenix. The zoning is R-43.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Buckeye
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.4271269
    Latitude
    33.217505

    Nearby Similar for Sale

    • $599,950
      2,500 SF

      Buckeye Assisted Living Facility

      Assisted living facility near Watson Road and upcoming Vestar Mall.
      22222 W Gardenia Drive, Buckeye, AZ 85326
      View Details
    • $60,000

      Buckeye, AZ Land Opportunity

      1.68 acre lot in Buckeye, Arizona, available for purchase.
      4113 N 312TH Avenue, Buckeye, AZ 85396
      View Details
    • $499,700

      New Construction Multi-Family Duplex

      New construction duplex in Buckeye, Arizona, with tenants in place.
      513 E CENTRE Avenue, Buckeye, AZ 85326
      View Details
    • $350,000

      Commercial Lot in Growing Area

      Commercial lot with high traffic and future growth potential.
      604-610 W BASELINE Road, Buckeye, AZ 85326
      View Details
    • $504,000

      Buckeye Vacant Land Opportunity

      3 acres of vacant land with mountain views in Buckeye.
      21235. W Elliot Road, Buckeye, AZ 85326
      View Details
    • $910,000

      Buckeye Vacant Land with Views

      5 acres of vacant land in Buckeye with mountain views.
      21235 W ELLIOT Road, Buckeye, AZ 85326
      View Details
    • $60,000

      Buckeye, AZ Land Opportunity

      1.96-acre lot in Buckeye, Arizona, with long-term potential.
      31112 W INDIAN SCHOOL Road, Buckeye, AZ 85396
      View Details
    • $260,000

      Buckeye Land Near MC-85

      One-acre lot near Buckeye, minutes from Phoenix, potential commercial use.
      7778 S 225th Avenue, Buckeye, AZ 85326
      View Details
    • $349,980

      Expansive Buckeye Land Parcel

      4.5-acre parcel in Buckeye, Arizona, ideal for custom estate.
      S MANZANILLA Road, Buckeye, AZ 85326
      View Details
    • $399,000

      Verrado Corner Lot Opportunity

      Corner lot in Verrado community with stunning views.
      3907 N LATIMER Place, Buckeye, AZ 85396
      View Details
    • $537,500

      New Duplex in Growing Buckeye

      New duplex in Buckeye, excellent income opportunity, convenient location.
      212 2ND Avenue E, Buckeye, AZ 85326
      View Details
    • $339,000

      Buckeye, AZ Homesite in Verrado

      1.38 acre custom homesite with mountain and city views.
      3557 N VISTA Way, Buckeye, AZ 85396
      View Details

    FAQs

    What type of property is this?
    Land - 24-acre parcel in Buckeye, ideal for investment or homesteading.
    Where is this land located?
    The property is located at 115XX W Riggs Road Buckeye, AZ.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: 24‑acre parcel with no HOA and no flood plain.; Located in the path of progress near planned community expansion and future Highway 11.; Close proximity to Estrella Mountain Ranch and Sierra Estrella Wilderness.
    (602) 697-0777
    We can help!
    Listing Contact
    Kelly Meadows
    Kelly Meadows
    Real Estate License ID: BR551340000
    Learn More
    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.
    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!