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

    520 3RD Avenue Eagar, AZ 85925

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 520 3RD Avenue, Eagar, AZ
    For Sale
    $38,000

    LAND - Eagar, AZ

    Type:Single Family Residence
    Lot size:
    0.42 Acres
    Added:
    Oct 31, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 26 at 5:06 am

    Property Features for 520 3RD Avenue

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Exterior features
    Level
    Standard status
    Active
    APN
    104-68-261
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Description
    SUBDIVISION RIVER RUN ESTATES LOT 261 SECTION 5 TOWNSHIP 8N RANGE 29E
    Tax Annual Amount
    137

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Richard Ayres

    Listing agent Richard Ayres

    Listing office White Mountain Ponderosa Realty 474 S Mountain Ave, Springerville, AZ

    Listing date Oct 31, 2025

    MLS# 258506 Listing URL

    Copyright © 2026 White Mountain 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

    Corner Lot in Eagar, Arizona

    This residential land is a corner lot located in Eagar, Arizona. The lot size is 0.42 acres and is located on River Run Estates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Eagar
    County
    Apache
    State
    Arizona
    Longitude
    -109.303129
    Latitude
    34.115206

    Nearby Similar for Sale

    • $596,500
      8,292 SF

      Eagar Corner Commercial Lots

      Visible corner lots suitable for retail, manufacturing, or dealership.
      39 S Main Street, Eagar, AZ 85925
      View Details
    • $47,000

      Eagar, AZ Build-Ready Land

      Rare, gently sloping lot with mountain and valley views.
      434 3rd Avenue, Eagar, AZ 85925
      View Details
    • $44,000

      Eagar, AZ Prime Level Lot

      Level lot in River Run Estates, ready for custom home.
      3RD PLACE LOT 125, Eagar, AZ 85925
      View Details
    • $1,000,000

      39 Acres Near Big Lake

      Recreational land near Big Lake, Arizona, with mountain views.
      975 S Water Canyon Road, Eagar, AZ 85925
      View Details
    • $44,000

      Level Lot in River Run

      Prime lot ready for custom home in White Mountains.
      3RD PLACE LOT 126, Eagar, AZ 85925
      View Details
    • $25,000

      Eagar, AZ 0.53-Acre Land

      0.53-acre lot in Eagar, Arizona, utilities nearby.
      W School Bus Road, Eagar, AZ 85925
      View Details
    • $310,000

      Eagar Acreage with Irrigation Rights

      15.88 acres in Eagar, Arizona with 7.5 hours irrigation.
      Marion Drive, Eagar, AZ 85925
      View Details
    • $30,000

      Eagar, AZ Hillside Lot

      Desirable 0.65-acre hillside lot with mountain and valley views.
      1665 W Valley Vista Drive, Eagar, AZ 85925
      View Details
    • $359,000
      2,500 SF

      Commercial Building on Main Street

      Multi-use commercial building with spacious layout and ample parking.
      374 N Main Street, Eagar, AZ 85925
      View Details
    • $60,000

      Spacious Lot in Elk Crest

      1.37 acre lot ready for custom home in Eagar.
      1242 S Kaishas Way, Eagar, AZ 85925
      View Details
    • $30,000

      Land with Utilities and Views

      0.56-acre parcel with utilities, views, and recreational access.
      W Tbd 10th St, Eagar, AZ 85925
      View Details
    • $125,000

      Commercial Land Near E Central Ave

      Commercial property for sale with high visibility and easy access.
      E Central Avenue, Eagar, AZ 85925
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Eagar, Arizona, on a corner lot.
    Where is this residential land & home lot located?
    The property is located at 520 3RD Avenue Eagar, AZ.
    What is the asking price?
    The asking price for this property is $38,000.
    What are key features of this property?
    This property features: Great corner lot; Located in River Run Estates; Level lot
    (928) 245-3579
    We can help!
    Listing Contact
    Richard Ayres
    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!