Sign Up Successful!
You now have access to more from Realmo!
    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

    66673 Highway 60 Salome, AZ 85348

    Sponsored
    For Sale
    $125,000

    LAND - Salome, AZ

    Lot size:
    0.82 Acres
    Days on Market:
    129
    Last Refresh:
    Jan 26 at 12:06 am

    Property Features for 66673 Highway 60

    General Information

    Special listing conditions
    Real Estate Owned, In Foreclosure
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Real Estate Owned, In Foreclosure
    Standard status
    Active
    APN
    304-59-046-A
    Lot size
    0.82 Acres

    We can help!

    Listing Contact
    Nancy Hung Sturges

    International Real Estate Professionals

    Listing agent Nancy Hung Sturges (602) 799-5558

    Listing date Sep 20, 2025

    MLS# 1037273

    Copyright © 2025 Lake Havasu 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.

    Learn more

    Property Insight Report

    Overview

    Salome, AZ Commercial Land

    This commercial land is located in a prime downtown location in Salome, Arizona. The property features 200 feet of highway frontage and extensive signage on Highway 60. Zoned C-2, the 0.82-acre lot is suitable for multiple developments. Adjacent to the vacant lot, there is also a 4,800 square foot commercial building for sale, located at 66695 Highway 60, which includes several offices, a warehouse and basement, a garage door, and two large roll-up doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Salome
    County
    La Paz
    State
    Arizona
    Longitude
    -113.616447
    Latitude
    33.780455

    Nearby Similar for Sale

    • $485,000
      2,593 SF

      Salome, AZ Commercial Building

      Three-unit apartment building with one office in prime location.
      66850 Highway 60, Salome, AZ 85348
      View Details
    • $250,000
      4,617 SF

      Renovated Commercial Building on Highway 60

      Renovated commercial building with flexible use options and highway exposure.
      66695 Highway 60, Salome, AZ 85348
      View Details
    • $280,000
      2,100 SF

      Renovated Mixed-Use Building in Salome

      Versatile commercial/residential property in Salome, Arizona, with flexible spaces.
      66880 Ave, Salome, AZ 85348
      View Details
    • $250,000
      9.17 Acres

      Salome, AZ Horse Property

      9.17 acre horse property featuring stalls and a new well.
      67992 65 1/2 St, Salome, AZ 85348
      View Details
    • $109,900
      0.24 Acres

      Turnkey RV Lots with Utilities

      Move-in ready RV lots with full hookups and no HOA.
      67911 Palm Blvd, Salome, AZ 85348
      View Details
    • $185,000
      4.75 Acres

      Land with Utilities in Salome

      4.75 acres with well, power, and septic system.
      40485 Granite Ln, Salome, AZ 85348
      View Details
    • $275,000

      Equestrian Property Ready for Expansion

      6.43 acres with horse pens and RV hook-ups.
      53790 Champ Ln, Salome, AZ 85348
      View Details
    • $250,000
      2.00 Acres

      Salome Commercial Land & Home

      Prime 2-acre commercial/residential lot.
      64904 Hwy 60 --, Salome, AZ 85348
      View Details
    • $329,000
      22.96 Acres

      Prime AZ RV Park Investment

      23+ Acres, 18 RV Sites, Huge Potential
      53874 Hwy, Salome, AZ 85348
      View Details
    • $600,000
      1.11 Acres

      Prime Salome Grocery & Deli

      Established Business, High Traffic Location
      41625 Hwy 60 --, Salome, AZ 85348
      View Details
    • $600,000
      5,544 SF

      Buckaroos Country Store: AZ Business

      Established Grocery & Deli, High Traffic
      46125 Us-60, Salome, AZ 85348
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with highway frontage in Salome, Arizona.
    Where is this commercial land located?
    The property is located at 66673 Highway 60 Salome, AZ.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Prime downtown location with high visibility.; - 200' of highway frontage on Highway 60.; - Zoned C-2, suitable for multiple developments.
    (480) 456-4100
    Request Owner's contact information
    66673 Highway 60 Salome, AZ 85348
    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.
    66673 Highway 60
    Salome, AZ 85348
    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
    66673 Highway 60 Salome, AZ 85348
    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

    We can help!
    Listing Contact
    Nancy Hung Sturges
    Real Estate License ID: BR100858000
    (480) 456-4100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.