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    3047 3rd Street Dewey, AZ 86327

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    Claim this Listing
    For Sale
    $1,295,000

    LAND - Dewey-Humboldt, AZ

    Lot size:
    61.81 Acres
    Added:
    Oct 7, 2021
    Days on Market:
    1667
    Last Refresh:
    Apr 30 at 5:06 pm

    Property Features for 3047 3rd Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1-L70
    Fencing
    Perimeter
    Standard status
    Active
    Lot size
    61.81 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Description
    E 880' OF SE4 NE4 CONT 26.67AC AP9; E 880' OF NE4 NE4 LYNG SE OF & ADJ TO 4TH ST HUMBOLDT CONT 16.16AC AP10; ALL IN SEC 22 13 N 1E TOT 42.83AC & 3RD ST PROP RUNNING FROM NE4 SE4 LESS .08AC; S2 SE4 LESS 7.10AC; DESC 197/357 LESS 2.7AC TO CHEMAS; DESC 24/554 LESS 1.97 AC TO W H RICHEY 303/383 SEC 15 AP12; N2 NE4 LESS .25AC 197/35 7 LESS 16.16AC TO WEST 249/536: SE4 NE4 LESS 26.67AC TO WEST 249 /536 SEC 22 AP1; ALL IN T13 R1E TOT 90.473AC LESS 48.58AC 721/526 BAL 41.89AC LESS 3.95AC 725/714 BAL 37.94AC LESS 17. 93AC 726/475 BAL 20.01AC LESS .625 AC 746/355 BAL 19.38AC LESS .40AC 835/221 BAL 18.98AC
    Tax Annual Amount
    757

    We can help!

    Listing Contact
    Denise Raney
    Denise Raney

    Listing agent Denise Raney License #SA567345000

    Listing office Arizona Commercial 122 N. Cortez St. Suite #300, Phoenix, AZ

    Listing date Oct 7, 2021

    MLS# 1042747 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

    Land in Dewey-Humboldt, Arizona

    This 61.81-acre parcel presents a development opportunity in rural Dewey-Humboldt, Arizona. The property features rolling hills, hilltop views, and granite outcroppings. It offers convenient access off Highway 69. Electric and fiber optic services are available to the property. The sale includes parcels 402-08-039 and 402-08-048.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dewey
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.3381274
    Latitude
    34.5799121

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    FAQs

    What type of property is this?
    Land - 61.81 acres with hilltop views and highway access.
    Where is this land located?
    The property is located at 3047 3rd Street Dewey, AZ.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Development opportunity in a desirable rural location.; Enjoy hilltop views and beautiful rolling hills.; Easy access off Highway 69.
    (928) 710-2094
    We can help!
    Listing Contact
    Denise Raney
    Denise Raney
    Real Estate License ID: SA567345000
    Learn More
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    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
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