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

    704 Calle Joselitos unit 8 Rio Rico, AZ 85648

    View on Map
    Pending
    Contact for pricing

    LAND - Rio Rico, AZ

    Lot size:
    0.48 Acres
    Added:
    Apr 13, 2024
    Days on Market:
    725
    Last Refresh:
    Apr 7 at 11:06 am

    Property Features for 704 Calle Joselitos unit 8

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SCC - R-2
    Standard status
    Pending
    APN
    116-09-220
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Rio Rico Ranchettes 7 Blk 78 Lot 8
    Tax Annual Amount
    55

    We can help!

    Listing Contact
    Lori A Adamson
    Lori A Adamson

    Listing agent Lori A Adamson

    Listing office eXp Realty 16165 N 83rd Ave,Ste 200, Scottsdale, AZ

    Listing date Apr 13, 2024

    MLS# 22409288

    Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Rio Rico

    This residential lot is located on the west side of Rio Rico, Arizona. The property has a lot size of 0.48 acres and is zoned SCC - R-2. The lot offers views. Electric poles are located at the street. Water service and cost are to be determined by the buyer during their inspection period.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Gym & Fitness Center Hotel & Motel Big Box & Wholesale Store Kitchen & Bath Showroom Department Store Grocery & Convenience Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rico
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -111.124
    Latitude
    31.4762

    Nearby Similar for Sale

    • $350,000
      2,479 SF

      Versatile Commercial Property in Rio Rico

      Commercial property with multiple tenant spaces and excellent freeway visibility.
      1157 Circulo Mercado, Rio Rico, AZ 85648
      View Details
    • $8,000

      Corner Lot in Rio Rico

      Corner lot with utilities and mountain views in Rio Rico.
      491 Vereda Atun unit: 61, Rio Rico, AZ 85648
      View Details
    • $69,000

      Rio Rico Commercial Land Parcel

      0.30-acre commercial lot in growing Rio Rico area.
      1179 Circulo Mercado unit: 56, Rio Rico, AZ 85648
      View Details
    • $18,000

      Rio Rico Vacant Land Available

      2.99 acres of vacant land with views in Rio Rico.
      797 Avenida Gaona unit: 17, Rio Rico, AZ 85648
      View Details
    • $14,000

      Rio Rico Land For Sale

      3.23 acre commercial land for sale in Rio Rico.
      561 Mulberry Court unit: 80, Rio Rico, AZ 85648
      View Details
    • $27,500

      Land with 360 Degree Views

      2.3 acre lot near Rio Rico Shopping Plaza.
      1050 Via Independencia unit: 62, Rio Rico, AZ 85648
      View Details
    • $9,500

      Rio Rico Ranchettes Land

      0.83 acre lot with mountain views in Rio Rico.
      1752 Circulo Badajada unit: 119, Rio Rico, AZ 85648
      View Details
    • $10,000

      Rio Rico Land with Views

      Paved access land in Rio Rico with fantastic views.
      22 Adams Court unit: 7, Rio Rico, AZ 85648
      View Details
    • $7,500

      Residential Lot with Mountain Views

      Two-acre residential lot in Rio Rico with paved access.
      585 Mulberry Court unit: 68, Rio Rico, AZ 85648
      View Details
    • $165,000

      Land in Rio Rico, Arizona

      Unique property in Tubac Foothills Ranch Estates with utilities available.
      365 Camino Armadillo unit: 164, Rio Rico, AZ 85648
      View Details
    • $10,000

      Land with Mountain and Desert Views

      Over an acre of land with mountain and desert views.
      640 Flag Lane unit: 4, Rio Rico, AZ 85648
      View Details
    • $12,000

      Ridgetop Lot with Views

      Ridgetop lot with views, near shopping and highway.
      1040 La Vista Court unit: 121, Rio Rico, AZ 85648
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot with views in Rio Rico, Arizona.
    Where is this land located?
    The property is located at 704 Calle Joselitos unit 8 Rio Rico, 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: Terrific views; Nice residential lot; Located on the West side of Rio Rico
    (520) 313-9575
    We can help!
    Listing Contact
    Lori A Adamson
    Lori A Adamson
    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!