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

    28862 N 226TH Avenue Wittmann, AZ 85361

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 28862 N 226TH Avenue, Wittmann, AZ
    For Sale
    $89,900

    LAND - Wittmann, AZ

    Lot size:
    1.17 Acres
    Added:
    Jul 16, 2025
    Days on Market:
    289
    Last Refresh:
    Apr 30 at 12:06 am

    Property Features for 28862 N 226TH Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-43
    Standard status
    Active
    APN
    503-34-250
    Lot size
    1.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    N 165.00F OF FOL DESC PROP NW4 NW4 SW4 SEC 26 EX N 330.00F AND W 350.00F
    Tax Annual Amount
    191

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Bobby Miller

    Listing agent Bobby Miller License #BR005702000

    Listing office West USA Realty 16150 N Arrowhead Fountain Center Ste 100, Phoenix, AZ

    Listing date Jul 16, 2025

    MLS# 6893283 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

    Residential Land in Wittmann, Arizona

    This residential land is located in Wittmann, Arizona. The lot size is 1.17 acres. It offers a peaceful environment with open spaces and is conveniently located minutes from major shopping, medical facilities, and schools. There is some flood zone area, and prospective buyers should check with the Maricopa County Flood Department for building instructions. Power is available to the North, and there is a shared well. The lot directly West is also available and could be combined.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Auto Repair Shop Kitchen & Bath Showroom Furniture & Home Goods Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Wittmann
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.5493
    Latitude
    33.744785

    Nearby Similar for Sale

    • $750,000

      Wittmann, AZ Commercial Land

      3.53 acres of commercial land with development potential.
      20125 W US60 Highway, Wittmann, AZ 85361
      View Details
    • $45,000

      Prime Commercial Lot on Grand

      Commercial lot with highway frontage and high traffic counts.
      214XX NW Grand Avenue, Wittmann, AZ 85361
      View Details
    • $899,000

      Prime Land Package in Wittmann

      Six abutting parcels near Whispering Ranch, ideal for builders.
      280XX W Dove Valley Road, Wittmann, AZ 85361
      View Details
    • $90,000

      Wittmann, AZ One-Acre Lots

      One-acre lots available in Wittmann, ready for development.
      2300X W Montgomery Road, Wittmann, AZ 85361
      View Details
    • $90,000

      Wittmann, AZ One-Acre Lots

      Cleared one-acre lots ready for custom homes and ranches.
      2300X W Montgomery Road, Wittmann, AZ 85361
      View Details
    • $99,900

      Land with Mountain Views

      4.06 acres in Whispering Ranch area, ideal for investment.
      29915 W CLOUD Road, Wittmann, AZ 85361
      View Details
    • $135,000

      Wittmann, AZ Land Opportunity

      2.63-acre parcel with versatile zoning near power lines.
      32020 N 213TH Avenue, Wittmann, AZ 85361
      View Details
    • $87,500

      Wittmann Land Near Patton Rd

      1.17-acre lot near paved road, suitable for agriculture/commercial uses.
      XXXXX W MCARTHUR Road, Wittmann, AZ 85361
      View Details
    • $137,000

      Buildable Lot in Wittmann, Arizona

      Flat, buildable 1+ acre lot with shared well.
      207XX N 205th (503-47-132) Avenue, Wittmann, AZ 85361
      View Details
    • $420,000

      Wittmann, AZ Vacant Land Opportunity

      Five acre subdivided lots, ideal for residential development or investment.
      W Chaparosa Way, Wittmann, AZ 85361
      View Details
    • $137,000

      Buildable Lot in Wittmann, Arizona

      Flat, buildable 1+ acre lot with shared well.
      207XX N 205th (503-47-129) Avenue, Wittmann, AZ 85361
      View Details
    • $137,000

      Buildable Lot in Wittmann, AZ

      Flat, buildable 1+ acre lot with shared well in Wittmann.
      207XX N 205th (503-47-131) Avenue, Wittmann, AZ 85361
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale, no HOA, convenient location.
    Where is this residential land & home lot located?
    The property is located at 28862 N 226TH Avenue Wittmann, AZ.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Priced to sell building lot.; No HOA.; Convenient location: Minutes from shopping, medical facilities, and schools.
    (623) 566-8888
    We can help!
    Listing Contact
    Bobby Miller
    Real Estate License ID: BR005702000
    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!