Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cottonwood Land with R-3 Zoning Title is generated by Realmo AI

    1214 N Main Street, Cottonwood, AZ 86326

    View on Map
    Claim this Listing
    For Sale
    $3,875,000

    LAND - Cottonwood, AZ

    Lot size:
    17.80 Acres
    Added:
    Nov 10, 2025
    Days on Market:
    192
    Last Refresh:
    May 21 at 8:06 am

    Property Features for 1214 N Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    40623027h
    Lot size
    17.80 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Provided in escrow
    Tax Annual Amount
    2981

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Darien D Degher
    Darien D Degher

    Listing agent Darien D Degher License #SA640115000

    Listing office Coldwell Banker Northland 5200 E Cortland Blvd., Ste. D, Flagstaff, AZ

    Listing date Nov 10, 2025

    MLS# 202871 Listing URL

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

    HighLights

    • Rare R‑3 zoning allows for multiple‑family residential development.
    • Nearly 18 acres of land within Cottonwood city limits.
    • Pass‑through road easement complete, expanding development capabilities.
    • City utilities available (buyer to identify specifics).
    • Located near new cultural hotel and mixed‑use developments.
    • Available for purchase in whole or in part.

    Overview

    This property features nearly 18 acres of land with R-3 zoning, situated within the incorporated boundaries of the City of Cottonwood, Arizona. The zoning allows for multiple-family residential development. The surrounding area is experiencing new development, including a new cultural hotel off of Tuzigoot Road and other mixed-use concentrations. A pass-through road easement is now complete, further expanding the parcel's development capabilities. City utilities are available, and the buyer is responsible for identifying them. The land is available in whole and part.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cottonwood
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.0298659
    Latitude
    34.7496329

    Nearby Similar for Sale

    • $899,900
      4,194 SF

      Historic Mixed-Use Commercial Property

      Versatile commercial property in Cottonwood, Arizona, with multiple potential uses.
      315 S Willard Street, Cottonwood, AZ 86326
      View Details
    • $240,000

      Land with Panoramic Views

      2+ acre parcel in Cottonwood with no HOA.
      2975 S Morning Sky Drive, Cottonwood, AZ 86326
      View Details
    • $399,000

      Commercial Property in Cottonwood, AZ

      Commercial property in Cottonwood, AZ, with stable cash flow.
      2649 S Village Drive, Cottonwood, AZ 86326
      View Details
    • $149,500

      Cottonwood Industrial Lots Ready to Build

      Prime industrial lots with utilities on site and flexible zoning.
      5 W Cottonwood Street, Cottonwood, AZ 86326
      View Details
    • $48,999

      Land in Cottonwood, Arizona

      Residential land available in Cottonwood, Arizona.
      4527 E Comanche Drive, Cottonwood, AZ 86326
      View Details
    • $125,000

      Cottonwood Acreage with Mature Trees

      1+ acre lot near Cottonwood with utilities available.
      036L Caitlin Lane, Cottonwood, AZ 86326
      View Details
    • $38,000

      Cottonwood, AZ View Lot

      Half-acre view lot in Cottonwood with buildable homesite.
      4614 E JUNIPER Trail, Cottonwood, AZ 86326
      View Details
    • $150,000

      Oversized Homesite in Mingus Foothills

      Homesite with views and groundwork completed in a scenic setting.
      1155 E QUAIL SPRINGS RANCH Road, Cottonwood, AZ 86326
      View Details
    • $29,000

      Land in Cottonwood with Views

      Oversized lot with Sedona views, close to amenities.
      1532 S Camino Real, Cottonwood, AZ 86326
      View Details
    • $152,000

      Industrial Lots Ready to Build

      Prime industrial lots with utilities on site and I-2 zoning.
      601 Clover Way, Cottonwood, AZ 86326
      View Details
    • $895,000

      Freestanding Owner/User Opportunity

      Freestanding commercial building with effortless parking.
      303 S Main St, Cottonwood, AZ 86326
      View Details
    • $75,000

      Verde Village Land with Views

      0.33-acre lot with Sedona Red Rock views in Cottonwood, AZ.
      1668 S CACTUS WREN Road, Cottonwood, AZ 86326
      View Details

    FAQs

    What type of property is this?
    Land - 17.8 acres with R-3 zoning suitable for multi-family development.
    Where is this land located?
    The property is located at 1214 N Main Street Cottonwood, AZ.
    What is the asking price?
    The asking price for this property is $3,875,000.
    What are key features of this property?
    This property features: Rare R‑3 zoning allows for multiple‑family residential development.; Nearly 18 acres of land within Cottonwood city limits.; Pass‑through road easement complete, expanding development capabilities.
    (928) 607-3749
    We can help!
    Listing Contact
    Darien D Degher
    Darien D Degher
    Real Estate License ID: SA640115000
    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

    Thank You for Inquiry
    1214 N Main Street, Cottonwood, AZ 86326
    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!