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

    407XX W Montebello Avenue unit R Tonopah, AZ 85354

    View on Map
    For Sale
    $95,000

    LAND - Tonopah, AZ

    Lot size:
    5.00 Acres
    Added:
    Oct 23, 2025
    Days on Market:
    163
    Last Refresh:
    Apr 3 at 12:06 pm

    Property Features for 407XX W Montebello Avenue unit R

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-43
    Standard status
    Active
    APN
    506-35-025-R
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    N2 NW4 SW4 NE4
    Tax Annual Amount
    271

    We can help!

    Listing Contact
    Kodi K Riddle

    Listing agent Kodi K Riddle License #BR514965000

    Listing office eXp Realty 20860 N Tatum Blvd Ste 300, Peoria, AZ

    Listing date Oct 23, 2025

    MLS# 6937804 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

    Land in Growing Tonopah Area

    This expansive 5-acre property in Tonopah, Arizona, presents numerous possibilities, including building a dream home, establishing a horse property, or creating a desert retreat. The R-43 zoned lot is conveniently located near the I-10, offering a balance of privacy and accessibility. It is an excellent investment for equestrian enthusiasts, hobby farmers, or anyone seeking wide-open space in a rapidly growing area. The property provides the perfect canvas to bring your vision to life with incredible views and boundless potential. It offers the opportunity to own a piece of Arizona's beautiful desert landscape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonopah
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.927231
    Latitude
    33.518662

    Nearby Similar for Sale

    • $85,000

      Eagletail Airpark Taxiway Access Lot

      3+ acre lot with taxiway access in exclusive airpark community.
      539x2 W Sunland Avenue unit: A2, Tonopah, AZ 85354
      View Details
    • $75,000

      Tonopah Land with Airpark Access

      3+ acre lot with private runway access near Phoenix.
      539x3 W Sunland Avenue unit: A3, Tonopah, AZ 85354
      View Details
    • $329,615

      60 Acres I-10 Frontage Land

      Large 60-acre parcel with I-10 frontage in Centennial Flats.
      58700 W Olive Avenue, Tonopah, AZ 85354
      View Details
    • $840,000

      Tonopah Land: Development Opportunity

      30 acres of unrestricted desert land with development potential.
      427 W Camelback Road unit: 24, Tonopah, AZ 85354
      View Details
    • $600,000

      10 Acres Near Freeway Exit

      10 acres in Tonopah, AZ, near major freeway exit.
      4221 N 416TH Avenue, Tonopah, AZ 85354
      View Details
    • $568,200

      9.47 Acres Land in Tonopah

      Land with commercial potential near freeway exit in Tonopah, AZ.
      415th Ave W Indian School Road unit: 0, Tonopah, AZ 85354
      View Details
    • $63,900

      5 Acres in Growing Tonopah

      5 acres of land in Tonopah, Arizona, with seller financing.
      417XX W Palm Lane, Tonopah, AZ 85354
      View Details
    • $507,000

      26 Acres in Harquahala Valley

      26 acres prime for industrial deployment with interstate access.
      53700 W Salome Highway, Tonopah, AZ 85354
      View Details
    • $960,000

      Tonopah Land I-10 Frontage

      32 acres with I-10 frontage in Tonopah, Arizona.
      41000 W Indian School Road lot: -4, Tonopah, AZ 85354
      View Details
    • $75,000

      Tonopah, AZ Land Opportunity

      Five acres of land in the fast-growing West Valley.
      W Glendale Avenue, Tonopah, AZ 85354
      View Details
    • $600,000

      Tonopah Land with Commercial Potential

      10 acres of vacant land with strong commercial potential.
      N 411TH Avenue unit: 1, Tonopah, AZ 85354
      View Details
    • $190,320

      Harquahala Valley 10-Acre Parcel

      10-acre parcel primed for industrial deployment in Harquahala Valley.
      53300 W Salome Highway, Tonopah, AZ 85354
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre lot ideal for dream home or equestrian property.
    Where is this land located?
    The property is located at 407XX W Montebello Avenue unit R Tonopah, AZ.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Expansive property suitable for building a dream home, horse property, or desert retreat.; Conveniently located near the I‑10, offering both privacy and accessibility.; Excellent investment opportunity in a rapidly growing area.
    (480) 624-8019
    We can help!
    Listing Contact
    Kodi K Riddle
    Real Estate License ID: BR514965000
    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!