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

    51824 N Cordero Road Seligman, AZ 86337

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Seligman, AZ

    Lot size:
    1.25 Acres
    Added:
    Mar 14, 2022
    Days on Market:
    1498
    Last Refresh:
    Apr 19 at 9:06 am

    Property Features for 51824 N Cordero Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RCU - 2A
    Standard status
    Active
    APN
    3384
    Lot size
    1.25 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Description
    LOT 3384 BRIDGE CANYON COUNTRY ESTATES UNIT 17 BOOK 15 PAGE 24
    Tax Annual Amount
    32

    We can help!

    Listing Contact
    Shena Lee Korn

    Listing agent Shena Lee Korn License #SA550964000

    Listing office Russ Lyon Sotheby's International Realty 6900 E Camelback Rd Suite #110, Phoenix, AZ

    Listing date Mar 14, 2022

    MLS# 1045964 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 with Scenic Views

    This 1.25-acre lot offers views of the State Land. The property has a level to gentle slope and features mature trees. Recreational opportunities include ATV riding, horseback riding, and hiking trails. Located 30 minutes from the town of Seligman, the lot is accessible by car. The location is near entertainment venues, a post office, and shops on Historic Route 66. There is no HOA. The zoning is RCU - 2A. This is one of three lots available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Seligman
    County
    Yavapai
    State
    Arizona
    Longitude
    -113.094
    Latitude
    35.1684

    Nearby Similar for Sale

    • $8,000

      Land in Seligman, Arizona

      Commercial land available in Seligman, Arizona.
      27555 W Fort Rock Road, Seligman, AZ 86337
      View Details
    • $55,000

      Seligman Land with PM Zoning

      Uniquely zoned land suitable for construction equipment storage and residential.
      25510 E Hillcrest Drive, Seligman, AZ 86337
      View Details
    • $920,000

      Mixed-Use Investment Property, Seligman, Arizona

      Commercial property with diversified income potential in historic Route 66 town.
      54130 N Main Street, Seligman, AZ 86337
      View Details
    • $8,000

      Land in Seligman, Arizona

      0.59 acre commercial land for sale in Seligman, Arizona.
      27565 Fort Rock Road, Seligman, AZ 86337
      View Details
    • $70,000

      Industrial Building in Seligman, AZ

      Industrial building suitable for various purposes in Seligman, Arizona.
      25090 Hillcrest Drive, Seligman, AZ 86337
      View Details
    • $15,000

      Accessible Land Near Seligman, Arizona

      1.175-acre flat lot with paved access near Seligman, Arizona.
      Fort Rock Road, Seligman, AZ 86337
      View Details
    • $10,000

      Seligman, AZ Acreage For Sale

      1.01 acre flat lot near Seligman with great access.
      28203 W Fort Rock Road, Seligman, AZ 86337
      View Details
    • $6,450

      Seligman, AZ Land Parcel

      2.03 acre land parcel in Seligman, Arizona.
      32372 Ancho Road, Seligman, AZ 86337
      View Details
    • $6,999

      Land with Panoramic Views

      Grassy 1.01 acre parcel near Seligman, Arizona.
      28551 W Hondo Road, Seligman, AZ 86337
      View Details
    • $7,500

      Land in Forest Acres, Arizona

      1.04-acre off-grid property with mature trees in Northern Arizona.
      159 Circle Drive, Seligman, AZ 86337
      View Details
    • $6,000

      Land in Bridge Canyon Estates

      1.75-acre property in Bridge Canyon Country Estates, Seligman, Arizona.
      56800 Bearclaw Road, Seligman, AZ 86337
      View Details
    • $19,000

      Remote Land in Seligman, Arizona

      Off-grid land parcel bordering state land with gorgeous views.
      243b Chosen Few Road, Seligman, AZ 86337
      View Details

    FAQs

    What type of property is this?
    Land - 1.25 acre lot near Historic Route 66.
    Where is this land located?
    The property is located at 51824 N Cordero Road Seligman, AZ.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 1.25 acre lot with incredible views of State Land; No HOA; Level to gentle slope land with mature trees
    (602) 616-3415
    We can help!
    Listing Contact
    Shena Lee Korn
    Real Estate License ID: SA550964000
    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!