Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    86.5 acres Boulevard Del Rey David Nogales, AZ 85628

    View on Map
    For Sale
    $1,100,000

    LAND - Nogales, AZ

    Lot size:
    86.50 Acres
    Added:
    Jan 1, 2026
    Days on Market:
    90
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 86.5 acres Boulevard Del Rey David

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SCC - R-3
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    113-43-022
    Lot size
    86.50 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    Includes Parcel Number 113-43-022 and a portion of Parcel Number 113-43-023 totaling approximately 86.5 acres
    TaxAnnualAmount
    23

    We can help!

    Listing Contact
    Roy ''Thrac'' Paulette

    Listing agent Roy ''Thrac'' Paulette

    Listing office Cantera Real Estate, LLC 11115 N La Canada Drive Suite 251, Tucson, AZ

    Listing date Jan 1, 2026

    MLS# 22600188 Listing URL

    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

    Nogales Land with Development Potential

    This 86.5-acre property, zoned R-3 in Santa Cruz County, presents a development opportunity with potential for multi-family rezoning. It currently holds an AG tax status with an existing cattle lease. The location is near two A+ rated schools. Utilities available to the property include Valle Verde Water, Nogales City sewer, UniSource power and natural gas, Century Link phone, and Mediacom CATV. Fire services are provided by Rio Rico Fire. Situated 12 minutes from the future South32 office and 45 minutes from downtown Tucson and the International Airport, the property offers convenient access to Interstate-19. The Nogales Port Authority processes $34B of commercial imports annually.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Nogales
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -110.967194
    Latitude
    31.399088

    Nearby Similar for Sale

    • $450,000
      5,369 SF

      Historic Fourplex in Downtown Nogales

      Charming 1915 fourplex near amenities in Arizona and Sonora.
      472 W Walnut Street, Nogales, AZ 85621
      View Details
    • $249,999
      4,580 SF

      Downtown Nogales Commercial Opportunity

      Prime commercial property in downtown Nogales with high visibility.
      65 N Grand Avenue, Nogales, AZ 85621
      View Details
    • $17,500

      Land Near Morley Avenue, Nogales

      Two acre commercial land parcel in Nogales, Arizona.
      Morley Avenue unit: 29A, Nogales, AZ 85621
      View Details
    • $6,000,000
      24,910 SF

      Downtown Nogales Commercial Block Portfolio

      Prime 1.72-acre commercial property in downtown Nogales, Arizona.
      152 N Terrace Avenue, Nogales, AZ 85621
      View Details
    • $1,584,000

      PAD Zoned Land Development Opportunity

      264 platted lots near schools and Coronado National Forest.
      264 Lots Camino Diez Mandamientos unit: 56, Nogales, AZ 85621
      View Details
    • $250,000

      Nogales Land Ready For Development

      14.25-acre parcel suitable for residential and multifamily development.
      N Al Harrison Road, Nogales, AZ 85621
      View Details
    • $30,000

      Land in Nogales, Arizona

      Well-located parcel zoned for manufactured home residential use.
      222 W Kino Street unit: 254, Nogales, AZ 85621
      View Details
    • $165,000

      Nogales Land with Development Potential

      99.79 acres of land with off-grid and development potential.
      N Royal Rd unit: 1, Nogales, AZ 85621
      View Details
    • $65,000

      Commercial Land in Rio Rico

      Commercial land suitable for retail, restaurant, or daycare development.
      Nogales, AZ 85648
      View Details
    • $635,000
      5,919 SF

      Nogales Commercial Building For Sale

      Well-maintained commercial building with 28 offices and ample parking.
      32 Boulevard Del Rey David, Nogales, AZ 85621
      View Details
    • $84,000

      Nogales Land Opportunity

      Spacious lot in Nogales, ideal for building or investment.
      1460 N Royal Road, Nogales, AZ 85621
      View Details
    • $3,952,000

      Nogales Land Development Opportunity

      304 acres PAD zoned land, development opportunity near schools.
      304 acres Camino Diez Mandamientos, Nogales, AZ 85621
      View Details

    FAQs

    What type of property is this?
    Commercial land - R-3 zoned land near schools, utilities, and future developments.
    Where is this commercial land located?
    The property is located at 86.5 acres Boulevard Del Rey David Nogales, AZ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Prime development opportunity with potential to rezone to multi‑family.; Exceptional location near two A+ rated schools.; AG tax status with existing cattle lease.
    (520) 904-5055
    We can help!
    Listing Contact
    Roy ''Thrac'' Paulette
    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!