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

    23030 W Passeo Way unit 1 2 Buckeye, AZ 85326

    View on Map
    For Sale
    $350,000

    LAND - Buckeye, AZ

    Lot size:
    1.85 Acres
    Added:
    Jan 25, 2026
    Days on Market:
    65
    Last Refresh:
    Mar 31 at 4:06 pm

    Property Features for 23030 W Passeo Way unit 1 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    400-14-001-D
    Lot size
    1.85 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    PT NE4 SEC 10 DAF COM N4 COR SD SEC 10 TH S 208.71F TPOB TH E 208.71F TH S 208.71F TH W 208.71F TH N
    TaxAnnualAmount
    665

    We can help!

    Listing Contact
    Arthur Welch

    Listing agent Arthur Welch

    Listing office West USA Realty 2920 N Litchfield Rd Suite 100, Phoenix, AZ

    Listing date Jan 25, 2026

    MLS# 6974336 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

    Buckeye Buildable Lots with Irrigation

    This is an opportunity to own two buildable lots with BID irrigation and access to both Beloat Rd and Passeo Way cul-de-sac. The property, situated in Buckeye, Arizona, offers the flexibility to be utilized as two separate lots or combined into one estate lot. Paved access and power are available on the edge of the property. The location provides easy access to Buckeye and is currently a County Island Lot. Unlike the adjoining White Fence Farms, there are no building restrictions on this property. The lot size is 1.85 acres and is surrounded by million-dollar homes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Buckeye
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.547224
    Latitude
    33.362738

    Nearby Similar for Sale

    • $350,000

      Commercial Lot in Growing Area

      Commercial lot with high traffic and future growth potential.
      604-610 W BASELINE Road unit: 59, 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 unit: 12, Buckeye, AZ 85326
      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
    • $520,000

      New Construction Multi-Family Duplex

      New construction duplex in Buckeye, Arizona, with tenants in place.
      509 E CENTRE Avenue, Buckeye, AZ 85326
      View Details
    • $400,000

      Commercial Land in Buckeye, Arizona

      Commercial land available in Buckeye, Arizona, zoned for commercial projects.
      401 N Miller Road N unit: 1, Buckeye, AZ 85396
      View Details
    • $750,000

      Buckeye Land in Growth Zone

      20 acres in Buckeye's growth zone, ideal for development.
      N 272 Avenue unit: -//, Buckeye, AZ 85396
      View Details
    • $79,900

      Buckeye, AZ Land Opportunity

      4-acre lot in high-growth corridor near future developments.
      319XX W Glenrosa Avenue unit: Parcel 2, Buckeye, AZ 85326
      View Details
    • $450,000

      Buckeye, AZ Land with Views

      Residential land with mountain, city, and golf course views.
      21607 W PALO BREA Circle unit: 311, Buckeye, AZ 85396
      View Details
    • $6,500

      Buckeye, AZ Land For Sale

      Commercial land available in Buckeye, Arizona.
      S 3rd Street unit: 11, Buckeye, AZ 85326
      View Details
    • $400,000

      Unincorporated County Land For Sale

      20.06 acres of commercial land in Unincorporated County, Arizona.
      320 W Indian School Road, Unincorporated County, AZ 85326
      View Details
    • $150,000

      Buckeye Land Parcel For Sale

      Level lot near paved road with utilities in Buckeye, Arizona.
      W Narramore Road, Buckeye, AZ 85326
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two buildable lots with irrigation and easy access to Buckeye.
    Where is this residential land & home lot located?
    The property is located at 23030 W Passeo Way unit 1 2 Buckeye, AZ.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Two buildable lots offer flexibility for development or a single estate lot.; BID irrigation included.; No building restrictions, unlike the adjoining White Fence Farms.
    (623) 687-7852
    We can help!
    Listing Contact
    Arthur Welch
    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!