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Property profile

36019 Mt Lemmon Rd Oracle, AZ 85623

OFF-MARKET
Commercial real estate
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25,000 SF 459 ac lot Built 1890

Property summary

AI-generated overview

This exceptional 459-acre property, located at 36019 S Mt Lemmon Road in Oracle, Arizona, presents a unique investment opportunity. Situated at an elevation of 4700 feet in the Santa Catalina Mountains, the ranch boasts significantly cooler temperatures than nearby Tucson and Phoenix – averaging 10 and 15 degrees cooler, respectively. Established in 1900, the 3C Ranch served as the headquarters for a substantial 36,000-acre cattle operation. The centerpiece is the 150-year-old Verde House, a testament to the property's rich history. A significant portion of the property includes a 36.2-acre commercial hotel complex. This complex comprises six houses with a combined sleeping capacity of 50 guests. Furthermore, there's an approved plan amendment in place to expand the lodging options by adding 20 more casitas and 18 high-end RV spots. The Goff family undertook a complete renovation of every building on the property in 2018. Adding to the commercial viability, a Class 6 liquor license (valued at approximately $150,000) was acquired. The historic horse stables and barn have been repurposed into a modern bar and restaurant, enhancing the property's income-generating potential. The total square footage of buildings is 25,000 square feet. This property offers a rare blend of historical significance, stunning natural beauty, and substantial commercial potential. The asking price is $6,500,000.

Property profile

Verified
Property type Commercial real estate
Year built 1890
Total area 25,000 SF
Lot 459 ac (19,994,040 SF)

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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