Sign Up Successful!
You now have access to more from Realmo!
    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

    15966 E Jomax Rd Scottsdale, AZ 85262

    Sponsored
    For Sale
    $250,000

    Land - Scottsdale, AZ

    Lot size:
    1.01 Acres
    Days on Market:
    147
    Last Refresh:
    Jan 24 at 9:06 am

    Property Features for 15966 E Jomax Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RU 43
    APN
    219-37-531-C
    Exterior features
    North/South Exp
    Lot size
    1.01 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Megan L Dante
    Megan L Dante

    Real Broker (480) 907-8294

    Listing agent Megan L Dante (602) 755-3415

    Listing date Aug 31, 2025

    MLS# 6909046 Listing URL

    Copyright © 2025 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

    Scottsdale Land Near McDowell Park

    Located in the Rio Verde Foothills, this 1.01-acre parcel is situated at 15966 E. Jomax Rd. The property is located on a quiet road adjacent to McDowell Mountain Regional Park, providing access to desert trails and open space. The site offers views of the surrounding mountains, desert hills, and Arizona skies. The land has been graded and engineered with drainage, and a septic system is in place. Electricity is available at the lot line, and a cleared driveway provides access. A shared well supplies water. The property is intended for building a home, such as a desert retreat, Southwestern ranch, or modern architectural statement. Please note: personal property on land does not convey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Clothing Store Kitchen & Bath Bar & Pub Garden Center Veterinary Clinic Coworking Space

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.735884
    Latitude
    33.727324

    Nearby Similar for Sale

    • $6,999,999

      Resort-Zoned Troon North Investment

      Rare resort-zoned estate near Troon North Golf Club.
      10299 E White Feather Ln, Scottsdale, AZ 85262
      View Details
    • New
      $1,649,000

      Scottsdale Tri-plex Investment Opportunity

      Tri-plex near Old Town Scottsdale, ideal for short-term rentals.
      7858 E Glenrosa Ave, Scottsdale, AZ 85251
      View Details
    • New
      $1,750,000

      Restored Four-Plex Near Old Town

      Restored four-plex near Old Town Scottsdale with modern upgrades.
      6950 E Earll Dr, Scottsdale, AZ 85251
      View Details
    • $1,300,000

      Renovated Fourplex in Old Town

      Turnkey fourplex in desirable Old Town Scottsdale location.
      3232 N 66Th St, Scottsdale, AZ 85251
      View Details
    • $1,695,000
      1.00 Acre

      Scottsdale Acre Lot, No HOA

      One acre lot in Scottsdale near Kierland and Scottsdale Quarter.
      12602 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $699,900
      1,590 SF

      Scottsdale Home with Resort Backyard

      Recently renovated Scottsdale home with pool and resort-style backyard.
      8408 E Lewis Ave, Scottsdale, AZ 85257
      View Details
    • $719,000

      Scottsdale Duplex Investment Opportunity

      Remodeled duplex in Western Villa, Scottsdale. No HOA.
      6813 E Pinchot Ave, Scottsdale, AZ 85251
      View Details
    • New
      $839,000
      Pending

      Scottsdale Duplex: Turnkey Investment

      Updated Scottsdale duplex, income-ready, near ASU and Old Town.
      1909 N 72Nd Pl, Scottsdale, AZ 85257
      View Details
    • $1,250,000

      Scottsdale Fourplex Investment Opportunity

      Fourplex near Old Town Scottsdale with strong upside potential.
      3014 N 70Th St, Scottsdale, AZ 85251
      View Details
    • New
      $440,000
      0.03 Acres

      Scottsdale Retail Space Opportunity

      Unfinished retail shell in Old Town Scottsdale near Fashion Square.
      4739 N Scottsdale Rd, Scottsdale, AZ 85251
      View Details
    • $150,000
      1,200 SF

      Turnkey Restaurant in Scottsdale, Arizona

      Ready-to-operate Indian restaurant with prime location and favorable lease.
      14884 Rd N, Scottsdale, AZ 85260
      View Details
    • $975,000
      0.80 Acres

      Scottsdale Horse Property Opportunity

      Large horse property with potential for custom home or remodel.
      6428 E Shea Blvd, Scottsdale, AZ 85254
      View Details

    FAQs

    What type of property is this?
    Land - 1.01-acre parcel with utilities in Rio Verde Foothills.
    Where is this land located?
    The property is located at 15966 E Jomax Rd Scottsdale, AZ.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Ready to build: Graded, engineered, and with a septic system already installed, saving you valuable time and money.; - Prime location: Enjoy unobstructed access to desert trails being adjacent to McDowell Mountain Regional Park.; - Acre lot with panoramic mountain and desert views.
    (602) 524-3164
    Request Owner's contact information
    15966 E Jomax Rd Scottsdale, AZ 85262
    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.
    15966 E Jomax Rd
    Scottsdale, AZ 85262
    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
    15966 E Jomax Rd Scottsdale, AZ 85262
    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

    We can help!
    Listing Contact
    Megan L Dante
    Megan L Dante
    Real Estate License ID: SA693854000
    (602) 524-3164
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.