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

    2775 S Covey Court Cottonwood, AZ 86326

    View on Map
    Claim this Listing
    For Sale
    $89,000

    LAND - Cottonwood, AZ

    Lot size:
    1.71 Acres
    Added:
    Jul 30, 2024
    Days on Market:
    628
    Last Refresh:
    Apr 18 at 11:06 pm

    Property Features for 2775 S Covey Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PAD Residential
    Standard status
    Active
    APN
    3
    Lot size
    1.71 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    LOT 3 QUAIL CANYON UNIT 1 AMD BOOK 6 PAGE 12
    Tax Annual Amount
    722

    We can help!

    Listing Contact
    Paul D Boulet

    Listing agent Paul D Boulet License #BR671023000

    Listing office Sunhaven Real Estate, LLC 489 Miners Gulch, Cottonwood, AZ

    Listing date Jul 30, 2024

    MLS# 1066386 Listing URL

    Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Quail Canyon

    This 1.71-acre lot is located in a private cul-de-sac and offers views of Mingus Mountain and the Red Rocks of Sedona. Situated in the Quail Canyon Estate, it is conveniently located near Sedona, Old Town, wine country, hiking/riding, and kayaking. The property features natural desert landscaping, paved road access, underground utilities, natural gas, and city water. It is zoned PAD Residential and suitable for building a custom home. Options are available to fit your dream home vision, including RV garage options and guest casitas. The location is in Cottonwood, Arizona.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Hotel & Motel Skin Care Clinic Bed & Breakfast Pet Store Pet Store & Service Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Cottonwood
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.0139046
    Latitude
    34.6893346

    Nearby Similar for Sale

    • $950,000
      4,194 SF

      Historic Cottonwood Commercial Opportunity

      Versatile commercial property in Cottonwood, Arizona, with significant potential.
      315 S Willard Street, Cottonwood, AZ 86326
      View Details
    • $399,000

      Commercial Property in Cottonwood, AZ

      Commercial property in Cottonwood, AZ, with stable cash flow.
      2649 S Village Drive, Cottonwood, AZ 86326
      View Details
    • $149,500

      Cottonwood Industrial Lots Ready to Build

      Prime industrial lots with utilities on site and flexible zoning.
      5 W Cottonwood Street, Cottonwood, AZ 86326
      View Details
    • $38,000

      Cottonwood, AZ View Lot

      Half-acre view lot in Cottonwood with buildable homesite.
      4614 E JUNIPER Trail, Cottonwood, AZ 86326
      View Details
    • $3,875,000

      Cottonwood Land with R-3 Zoning

      17.8 acres of R-3 zoned land in Cottonwood, Arizona.
      1214 N Main Street, Cottonwood, AZ 86326
      View Details
    • $3,875,000

      Cottonwood Land with R-3 Zoning

      17.8 acres with R-3 zoning suitable for multi-family development.
      1214 N Main Street, Cottonwood, AZ 86326
      View Details
    • $125,000

      Cottonwood Land with Mature Trees

      1+ acre treed lot near Cottonwood's business community.
      036L Caitlin Lane, Cottonwood, AZ 86326
      View Details
    • $152,000

      Industrial Lots Ready to Build

      Prime industrial lots with utilities on site and I-2 zoning.
      601 Clover Way, Cottonwood, AZ 86326
      View Details
    • $219,000

      Land with Mountain Views

      2.42-acre property with mountain and redrock views in Arizona.
      3094 S Quail Canyon Road, Cottonwood, AZ 86326
      View Details
    • $895,000

      Freestanding Owner/User Opportunity

      Freestanding commercial building with effortless parking.
      303 S Main St, Cottonwood, AZ 86326
      View Details
    • $192,000

      Industrial Lots Ready to Build

      Prime industrial lots with utilities on site and I-2 zoning.
      9 E Crimson Road, Cottonwood, AZ 86326
      View Details
    • $950,000
      4 SF

      Historic Mixed-Use Property Opportunity

      Versatile property with historic charm and modern upgrades.
      315 S Willard ST Cottonwood, AZ 86326, AZ 86326
      View Details

    FAQs

    What type of property is this?
    Land - 1.71 acre lot with views near Sedona and Old Town.
    Where is this land located?
    The property is located at 2775 S Covey Court Cottonwood, AZ.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: 1.61 acre lot with INCREDIBLE VIEWS of Mingus Mountain and Sedona Red Rocks.; Located in the prestigious Quail Canyon Estate.; Conveniently located minutes from Sedona, Old Town, wine country, hiking, and kayaking.
    (928) 707-0692
    We can help!
    Listing Contact
    Paul D Boulet
    Real Estate License ID: BR671023000
    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!