Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rio Rico Horse Property Land Title is generated by Realmo AI

    946 Camino Carina, Rio Rico, AZ 85648

    View on Map
    Claim this Listing
    For Sale
    $35,000

    LAND - Rio Rico, AZ

    Lot size:
    7.60 Acres
    Added:
    May 22, 2025
    Days on Market:
    367
    Last Refresh:
    May 23 at 2:06 pm

    Property Features for 946 Camino Carina

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SCC - MF
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    119-01-181
    Lot size
    7.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Villas 10 Blk 312 Lot F
    Tax Annual Amount
    378

    We can help!

    Listing Contact
    Janelle Bachelier
    Janelle Bachelier

    Listing agent Janelle Bachelier

    Listing office Real Broker 3707 E Southern Ave, #1074, Mesa, AZ

    Listing date May 22, 2025

    MLS# 22514220 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.

    HighLights

    • 7.6‑acre horse property with full fencing
    • Breathtaking mountain views
    • Zoned MF (Multi‑Family), offering development potential
    • Paved road access
    • Electric service at the street
    • Privacy and space in a scenic rural setting

    Overview

    This is a 7.6-acre horse property that is fully fenced and offers mountain views. The property is zoned MF, which provides development potential or the opportunity to build a custom home. It has paved road access and electric service at the street. Water service is not available in the area, so the buyer will need to drill a well or haul water. Septic systems are used in the area, but a percolation test has not been completed. The property offers privacy, space, and versatility in a rural setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    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

    • $18,000

      Rio Rico Vacant Land Available

      2.99 acres of vacant land with views in Rio Rico.
      797 Avenida Gaona, Rio Rico, AZ 85648
      View Details
    • $9,000

      Rio Rico Buildable Land

      0.73 acres of land with mountain views.
      824 Morning Star Drive, Rio Rico, AZ 85648
      View Details
    • $5,000

      Rio Rico Buildable Land

      Buildable flat land with mountain views in Rio Rico.
      503 Via Lima, Rio Rico, AZ 85648
      View Details
    • $15,000

      Rio Rico Land For Sale

      Flat 1.13 acre lot with views, ready to build.
      1157 Gem Court, Rio Rico, AZ 85648
      View Details
    • $20,000

      Rio Rico Vacant Land Lot

      1.34 acre vacant land with mountain views in Rio Rico.
      1262 Tocar Court, 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, 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, Rio Rico, AZ 85648
      View Details
    • $7,000

      Land in Rio Rico, Arizona

      Spacious lot in Rio Rico with mountain views.
      507 Via Camote, Rio Rico, AZ 85648
      View Details
    • $14,000

      Oversized Lot with Mountain Views

      1.63-acre lot in Rio Rico with mountain and desert views.
      1101 Tizimin Court, 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, Rio Rico, AZ 85648
      View Details
    • $5,000

      Rio Rico Vacant Land Lot

      0.46 acre vacant land lot in Rio Rico, Arizona.
      1916 Circulo Huerta, Rio Rico, AZ 85648
      View Details
    • $325,000
      2,479 SF

      Rio Rico Commercial Building

      2,479 SF commercial building in Rio Rico, Arizona.
      1157 Circulo Mercado, Rio Rico, AZ
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - 7.6-acre horse property with mountain views, development potential.
    Where is this horse & equestrian property located?
    The property is located at 946 Camino Carina Rio Rico, AZ.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: 7.6‑acre horse property with full fencing; Breathtaking mountain views; Zoned MF (Multi‑Family), offering development potential
    (520) 223-6381
    We can help!
    Listing Contact
    Janelle Bachelier
    Janelle Bachelier
    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

    Thank You for Inquiry
    946 Camino Carina, Rio Rico, AZ 85648
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!