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

    41XX5 N 276th Avenue unit 5 Morristown, AZ 85342

    View on Map
    For Sale
    $75,000

    LAND - Morristown, AZ

    Lot size:
    2.20 Acres
    Added:
    Jan 19, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 41XX5 N 276th Avenue unit 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    503-25-009-M
    Lot size
    2.20 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    191

    We can help!

    Listing Contact
    Anjeleigh Trefz
    Anjeleigh Trefz

    Listing agent Anjeleigh Trefz License #AZ SA 567353000

    Listing office Russ Lyon Sotheby's International Realty 34305 N Scottsdale Rd, Scottsdale, AZ

    Listing date Jan 19, 2026

    MLS# 6971109 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

    2.2 Acres in Morristown, AZ

    This 2.2-acre parcel of land is zoned R-43 and allows for manufactured homes, tiny homes, or container homes due to the absence of deed restrictions. The terrain features ridges and canyons, offering privacy and potential elevated building sites. Located approximately 4 miles from Highway 60, the property is 15 minutes from Wickenburg and 30 minutes from Surprise. The location provides dark skies, desert wildlife, minimal nearby development, and access to the Hassayampa River and miles of recreational trails. Adjacent land is available for sale. Note that this lot does not have a water source and is ideal for buyers seeking affordability and flexibility.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Hair Salon Nail Salon HVAC Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Veterinary Clinic Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.661507
    Latitude
    33.861018

    Nearby Similar for Sale

    • $140,000

      Morristown Acreage: Prime Location

      3.73 acres in Morristown, Arizona, with no HOA.
      Xx00 W Grand Avenue, Morristown, AZ 85342
      View Details
    • $110,000

      Morristown Land with View Potential

      2.19 acres with well share, views, and flexible options.
      41XX3 N 276th Avenue unit: 3, Morristown, AZ 85342
      View Details
    • $923,000

      Morristown Land with Mountain Views

      Premier land parcel with mountain views and convenient access to amenities.
      #1 N Quiet Hills Drive lot: 1, Morristown, AZ 85342
      View Details
    • $95,000

      Morristown Land with Seller Financing

      2.2 acres in Morristown with easy seller financing.
      41XX4 N 276th Avenue unit: 4, Morristown, AZ 85342
      View Details
    • $125,000

      Morristown Horse Property with Views

      Two-acre horse property with mountain views near paved road.
      Xx00e N 253rd Avenue, Morristown, AZ 85342
      View Details
    • $84,800

      Morristown Land with Mountain Views

      Double lot near state land with utilities in Morristown, AZ.
      471 BLUM Drive unit: 263, 264, Morristown, AZ 85342
      View Details
    • $245,000

      Morristown Horse Property with Views

      3.93-acre horse property with mountain views, ready for development.
      Xx00 N Castle Hot Springs Road, Morristown, AZ 85342
      View Details
    • $105,000

      Morristown, AZ - 3 Acre Land

      3-acre property with views, near Hwy 60, build your dream home.
      43925 N Saguaro Blossom Lane, Morristown, AZ 85342
      View Details
    • $135,000

      Morristown Land with Mountain Views

      Five acre lot near Wickenburg with potential for development.
      00xxx N Quiet Hills Lot #3 Drive, Morristown, AZ 85342
      View Details
    • $335,900

      80 Acres in Morristown, AZ

      80 acres of land with mountain views near Castle Hot Springs.
      NW Castle Hot Springs Road, Morristown, AZ 85342
      View Details
    • $50,000

      Land Parcel with Mountain Views

      4+ acre parcel backing to BLM land near Lake Pleasant.
      00XXX N Columbia Mine (Lot C) Trail unit: 75B, Morristown, AZ 85342
      View Details
    • $800,000

      Morristown, AZ Land Parcel

      32 acres of land near Phoenix, Arizona.
      235th N Grand Avenue unit: '-', Morristown, AZ 85342
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.2 acres of residential land near Hassayampa River.
    Where is this residential land & home lot located?
    The property is located at 41XX5 N 276th Avenue unit 5 Morristown, AZ.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 2.2 acres of land overlooking the Hassayampa River; Zoned R‑43 with no deed restrictions, manufactured, tiny, or container homes allowed; Low down payment and no qualifying required
    (602) 642-5814
    We can help!
    Listing Contact
    Anjeleigh Trefz
    Anjeleigh Trefz
    Real Estate License ID: AZ SA 567353000
    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!