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

    16047 N 67TH Avenue Glendale, AZ 85306

    View on Map
    For Sale
    $170,000

    LAND - Glendale, AZ

    Lot size:
    0.26 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    23
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 16047 N 67TH Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-6
    Fencing
    Chain Link
    Standard status
    Active
    APN
    200-51-009
    Lot size
    0.26 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    LOT 1 GRANADA ESTATES MCR
    TaxAnnualAmount
    1242

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Jonathan Budwig
    Jonathan Budwig

    Listing agent Jonathan Budwig

    Listing office Realty ONE Group 7975 N Hayden Rd Ste A-101, Phoenix, AZ

    Listing date Mar 10, 2026

    MLS# 6996228

    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

    Glendale Land For Sale

    This 0.26-acre lot in Glendale, Arizona, presents an opportunity for development. Zoned R-6, the property is suitable for constructing a single-family home or installing a manufactured home. Its location offers proximity to shopping, dining, and major roadways. This property may be of interest to builders, investors, or owner-occupants. Interested parties should verify zoning regulations, available utilities, and development options. The property is offered as a land purchase only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.201962
    Latitude
    33.632002

    Nearby Similar for Sale

    • $549,900

      Land in Gated Community

      Large lot with HOA-approved plans for a modern home.
      23650 N 63RD Drive unit: 9, Glendale, AZ 85310
      View Details
    • $615,000

      Glendale Multifamily Property For Sale

      Multifamily property in Glendale with value-add potential.
      7143 N 66TH Drive, Glendale, AZ 85301
      View Details
    • $975,000

      Glendale Land Opportunity

      Large 2.68 acre lot suitable for various uses.
      4218 W BEARDSLEY Road, Glendale, AZ 85308
      View Details
    • $374,900

      Glendale Land Opportunity

      Premium mountainside lot in Arrowhead Lakes with approved architectural plans.
      5516 W MELINDA Lane unit: 45, Glendale, AZ 85308
      View Details
    • $369,900

      Residential Land in Gated Community

      Half-acre lot in exclusive gated community with mountain views.
      24219 N 62ND Drive unit: 21, Glendale, AZ 85310
      View Details
    • $375,000

      Glendale Land with Mountain Views

      Exceptional lot with mountain, sunset, and city light views.
      6161 W ALAMEDA Road unit: 14, Glendale, AZ 85310
      View Details
    • $983,000
      2,659 SF

      High-End Office Condo in Glendale

      Office condo in Arrowhead area, tenant in place until 2026.
      7155 W Campo Bello Dr, Glendale, AZ 85308
      View Details
    • $660,000

      Glendale Fourplex: Income Opportunity

      Fully occupied Glendale fourplex with consistent rental income.
      7114 N 66TH Drive, Glendale, AZ 85301
      View Details
    • $588,000
      7,604 SF

      Medical Office Space For Sale

      Medical office suite for sale near Banner Thunderbird Medical Center.
      5620 W THUNDERBIRD Road D-4, Glendale, AZ 85306
      View Details
    • $315,000

      Glendale Land with Animal Rights

      Large lot with animal rights, irrigation, and no HOA.
      7241 W MARYLAND Avenue unit: A, Glendale, AZ 85303
      View Details
    • $1,750,000
      6,936 SF

      Remodeled Industrial Office Warehouse

      Remodeled industrial property with secure yard in Glendale Industrial Park.
      7809 N 68TH Avenue, Glendale, AZ 85303
      View Details
    • $1,150,000

      Glendale Multifamily Investment Opportunity

      Seven-unit multifamily property in Glendale, Arizona with redevelopment potential.
      7508 W ORANGEWOOD Avenue, Glendale, AZ 85303
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Glendale lot suitable for single-family or manufactured home development.
    Where is this residential land & home lot located?
    The property is located at 16047 N 67TH Avenue Glendale, AZ.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Well‑located Glendale lot suitable for a single‑family or manufactured home; Close proximity to shopping, dining, and major roadways; Strong potential for builders, investors, or owner‑occupants
    (480) 797-8461
    We can help!
    Listing Contact
    Jonathan Budwig
    Jonathan Budwig
    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!