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

    42617 Hovatter Rd Salome, AZ 85348

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,000,000

    Turnkey aggregate mine with industrial zoning near Phoenix West Valley.

    Lot size:
    400.00 Acres

    Property Features for 42617 Hovatter Rd

    General Information

    Lot size
    400.00 Acres

    We can help!

    Listing Contact
    Joan Krueger
    Source: Naiglobal

    Listing Agency: NAI Horizon - Phoenix Listing Agent: Joan Krueger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    400-Acre Aggregate Mine Opportunity

    This 400-acre property in Salome, AZ, presents a prime opportunity for land and industrial investors. Zoned RA-40, it features a turnkey aggregate mine operational since 1896 and patented in 1904. The site has current state mining permits allowing various industrial uses, including cement, asphalt, mineral and heavy metal recovery plans, and inert materials landfill. The site materials are approved by ADOT. The land, surrounded by BLM land and over 2 miles from the nearest home, offers unobstructed access. The property contains 20 patented claims. There is potential for 150 million minable tons. An off-grid 640-sf housing unit on the property can be converted into an office. Located between US 60 and I-10 on Hovatter Road, the property is near rail service and the strong growth of Phoenix West Valley.
    Location Intelligence

    Current Use by Public Records

    Mining land & claims

    Map

    City
    Salome
    County
    La Paz
    State
    Arizona
    Longitude
    -113.555
    Latitude
    33.9361

    Nearby Similar for Sale

    • $179,000
      1,120 SF

      Highway 60 Commercial Property

      Commercial property on Highway 60 in Salome, Arizona.
      66599 Highway 60, Salome, AZ 85348
      View Details
    • New
      $260,000
      2,100 SF

      Renovated Mixed-Use Building in Salome

      Versatile commercial/residential property with flexible rooms and private backyard.
      66880 Ave, Salome, AZ 85348
      View Details
    • $159,000
      0.20 Acres

      Salome, AZ Land with Garage

      Corner lot with metal garage/workshop and RV hookups.
      66850 Senora Dr, Salome, AZ 85348
      View Details
    • $250,000
      4,617 SF

      Renovated Commercial Building on Highway 60

      Renovated commercial building with flexible use options and highway exposure.
      66695 Highway 60, Salome, AZ 85348
      View Details
    • $485,000
      2,593 SF

      Salome, AZ Commercial Building

      Three-unit apartment building with one office in prime location.
      66850 Highway 60, Salome, AZ 85348
      View Details
    • $109,900
      0.24 Acres

      Turnkey RV Lots with Utilities

      Move-in ready RV lots with full hookups and no HOA.
      67911 Palm Blvd, Salome, AZ 85348
      View Details
    • Contact for pricing

      Equestrian Property Ready for Expansion

      6.43 acres with horse pens and RV hook-ups.
      53790 Champ Ln, Salome, AZ 85348
      View Details
    • $600,000
      1.11 Acres

      Prime Salome Grocery & Deli

      Established Business, High Traffic Location
      41625 Hwy 60 --, Salome, AZ 85348
      View Details
    • $600,000
      5,544 SF

      Buckaroos Country Store: AZ Business

      Established Grocery & Deli, High Traffic
      46125 Us-60, Salome, AZ 85348
      View Details
    • $329,000
      22.96 Acres

      Prime AZ RV Park Investment

      23+ Acres, 18 RV Sites, Huge Potential
      53874 Hwy, Salome, AZ 85348
      View Details
    • $250,000
      2.00 Acres

      Salome Commercial Land & Home

      Prime 2-acre commercial/residential lot.
      64904 Hwy 60 --, Salome, AZ 85348
      View Details

    FAQs

    What type of property is this?
    Mining land & claim - Turnkey aggregate mine with industrial zoning near Phoenix West Valley.
    Where is this mining land & claim located?
    The property is located at 42617 Hovatter Rd Salome, AZ.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - Turnkey aggregate mine operational since 1896.; - 400-acre property with state mining permits allowing various industrial uses.; - ADOT approved materials site with potential 150 million minable tons.
    (602) 393-6727
    Request Owner's contact information
    42617 Hovatter Rd Salome, AZ 85348
    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.
    42617 Hovatter Rd
    Salome, AZ 85348
    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
    42617 Hovatter Rd Salome, AZ 85348
    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

    We can help!
    Listing Contact
    Joan Krueger
    Real Estate License ID: AZ SA579766000
    (602) 393-6727 (602) 670-1309 (602) 955-4000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!