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

    184 -- S Frst Rd Payson, AZ 85541

    Sponsored
    For Sale
    Pending
    $320,000

    LAND - Payson, AZ

    Lot size:
    10.00 Acres
    Days on Market:
    52
    Last Refresh:
    Jan 29 at 9:06 am

    Property Features for 184 -- S Frst Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    GU
    APN
    304-36-001-H
    Lot size
    10.00 Acres

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Audrey Hogue
    Audrey Hogue

    My Home Group (480) 685-2760

    Listing agent Audrey Hogue (602) 469-2599

    Listing date Dec 9, 2025

    MLS# 6731608 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

    Land with Utilities near Payson

    This 10-acre property, located 20 minutes from Payson in Rye, Arizona, offers 360-degree views from its mostly flat hilltop location. A drilled well is in place, awaiting equipment to pump approximately 3-5 gallons per minute. The property has a successful Perc Test for a conventional septic system and already has electricity. The landscape features desert and mountain views, with a creek nearby. The property previously had AG status. It includes lots H and G.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Payson
    County
    Gila
    State
    Arizona
    Longitude
    -111.316092
    Latitude
    34.057988

    Nearby Similar for Sale

    • $1,695,000
      6,550 SF

      Turnkey Cabin Hotel Near Forest

      Boutique short-term rental property with six cabins near Tonto Forest.
      1022 S Hunter Creek Dr, Payson, AZ 85541
      View Details
    • $2,400,000
      5.50 Acres

      Payson RV Park Investment Opportunity

      48-unit RV park with income potential in Payson, Arizona.
      57560 N Az Highway 188, Payson, AZ 85541
      View Details
    • New
      $1,200,000

      New Multifamily Construction in Payson

      New construction multifamily property in Payson, completed before August 1st.
      200 E Jura Cir, Payson, AZ 85541
      View Details
    • Contact for pricing
      5,245 SF

      Prime Payson Commercial Pad

      High-visibility commercial pad at a signalized hard corner.
      805 S Beeline Hwy, Payson, AZ 85541
      View Details
    • $1,200,000
      3,973 SF

      Payson Home Bordering National Forest

      Rustic elegance meets natural beauty with direct wilderness access.
      429 W Mary Patricia Dr, Payson, AZ 85541
      View Details
    • $570,000
      1,248 SF

      Payson Home with Resort Backyard

      Immaculate 3-bedroom home with resort-like backyard and detached garage.
      505 E Mckamey St, Payson, AZ 85541
      View Details
    • $274,900
      1,120 SF

      Remodeled Home Near Tonto Creek

      Remodeled 3-bedroom home in Gisela, near Payson and Tonto Creek.
      830 S Tonto Creek Dr, Payson, AZ 85541
      View Details
    • $525,000
      2,912 SF

      Spacious Home with Mogollon Rim Views

      Two-story home on wooded lot with mountain views.
      1204 N Camelot Dr, Payson, AZ 85541
      View Details
    • $475,000
      1,600 SF

      Payson Home with Guest House

      Charming Payson home with separate guest house and spacious yard.
      608 E Bonita St, Payson, AZ 85541
      View Details
    • $349,500
      800 SF

      New Manufactured Home with Views

      Like-new 2 bed, 2 bath home with mountain views.
      719 W Summit St, Payson, AZ 85541
      View Details
    • $149,000
      896 SF

      New Manufactured Home with Views

      Built in 2022, move-in ready home with mountain views.
      16 N Star Vale Dr, Payson, AZ 85541
      View Details
    • $369,000
      1,992 SF

      North Payson Manufactured Home

      3-bedroom home with fenced yard, garage, and RV hookups.
      405 E Jura Cir, Payson, AZ 85541
      View Details

    FAQs

    What type of property is this?
    Land - 10-acre property with well, septic approval, and electricity.
    Where is this land located?
    The property is located at 184 -- S Frst Rd Payson, AZ.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Enjoy **360-degree views** from your own **private, mostly flat hilltop**.; - 10-acre property with utilities in place, including electricity.; - Successful Perc Test completed for a conventional septic system.
    (602) 469-2599
    Request Owner's contact information
    184 -- S Frst Rd Payson, AZ 85541
    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.
    184 -- S Frst Rd
    Payson, AZ 85541
    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
    184 -- S Frst Rd Payson, AZ 85541
    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
    Audrey Hogue
    Audrey Hogue
    Real Estate License ID: SA652488000
    (602) 469-2599
    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.