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

    5838 East Diamond Bar Road Meadview, AZ 86444

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,950,000

    190 acres of land near the Grand Canyon.

    Type:Land
    Property size:
    8,276,400 SF
    Lot size:
    190.00 Acres
    Added:
    Jan 11, 2023
    Days on Market:
    1191
    Last Refresh:
    Mar 13 at 5:23 pm

    Property Features for 5838 East Diamond Bar Road

    General Information

    Standard status
    Active
    Size
    8,276,400 SF
    Lot size
    190.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Shawna Perkins

    Listing agent Shawna Perkins License #SA687890000

    Listing office Russ Lyon Sotheby's International Realty

    Listing date Jan 11, 2023

    Source Compass

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

    All listing content including descriptions, pricing, images are the copyrighted material of Russ Lyon Sotheby's International Realty

    Overview

    Meadview Land Near Grand Canyon

    This 190-acre property is located in Meadview, Arizona, approximately four miles from the Grand Canyon. The land is suited for development of a resort hotel, spa retreat, luxury residence, or glamping experience. The location provides access to major transportation routes, with highways connecting to Las Vegas and Phoenix. The land's topography includes rolling hills and open plains. The surrounding region offers outdoor activities, including hiking, camping, boating, and wildlife exploration. Meadview is known for its natural beauty and local community. The property is suited for a hospitality establishment or a desert retreat.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Storage Facility Shopping Center & Mall Bed & Breakfast Kitchen & Bath Showroom Wine and Liquor Store Plumbing Service Auto Repair Shop Real Estate Agency Hotel & Motel Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Meadview
    County
    Mohave
    State
    Arizona
    Longitude
    -114.05
    Latitude
    36.0315

    Nearby Similar for Sale

    • $10,000

      Buildable Lot with Panoramic Views

      One-acre lot near Grand Canyon with utilities and amenities.
      1397 Echo Drive, Meadview, AZ 86444
      View Details
    • $8,900

      Acre Property in Meadview, AZ

      Full acre property with utilities available in Meadview, Arizona.
      1133 W Echo Drive, Meadview, AZ 86444
      View Details
    • $8,000

      One Acre Lot in Meadview

      One acre lot with utilities in Meadview, Arizona.
      688 W Boathouse Drive, Meadview, AZ 86444
      View Details
    • $7,000

      Meadview Acre Lot Near Amenities

      One acre lot in Meadview, close to city center.
      1265 W Detrital Drive, Meadview, AZ 86444
      View Details
    • $10,000

      Buildable Lot in Meadview, AZ

      One acre lot with utilities near Lake Mead.
      1441 W Middle Point Drive, Meadview, AZ 86444
      View Details
    • $15,500

      Corner Lot with Mountain Views

      0.33-acre corner lot with utilities and mountain views.
      30540 N Stillwater Drive, Meadview, AZ 86444
      View Details
    • $7,500

      Buildable Lot in Meadview, AZ

      Level lot with utilities near Lake Mead and amenities.
      920 E Spencer Drive, Meadview, AZ 86444
      View Details
    • $19,900

      Meadview, AZ Land Opportunity

      0.74 acre lot in Meadview, potential commercial use.
      1015 E Meadview Boulevard unit: 1, Meadview, AZ 86444
      View Details
    • $6,000

      Meadview Land with Utilities

      Level lot near Lake Mead with utilities and community amenities.
      35 W Iceberg Canyon Drive, Meadview, AZ 86444
      View Details
    • $10,000

      Meadview, AZ Buildable Corner Lot

      Corner lot near Grand Canyon's West Rim and Lake Mead.
      30424 N Diamond Creek Drive, Meadview, AZ 86444
      View Details
    • $13,000

      Land with Grand Wash Cliffs View

      0.29-acre lot with utilities and panoramic views in Meadview.
      30530 N Stillwater Drive, Meadview, AZ 86444
      View Details
    • $49,000

      Lake Mead City Land Parcel

      1.25-acre lot near Lake Mead with RV hookup.
      26182 N Pear Avenue, Meadview, AZ 86444
      View Details

    FAQs

    What type of property is this?
    Land - 190 acres of land near the Grand Canyon.
    Where is this land located?
    The property is located at 5838 East Diamond Bar Road Meadview, AZ.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: 190 acres of land only four miles from the Grand Canyon.; Seller financing available for 10 years at 3% interest.; Versatile topography suitable for various development options.
    (480) 795-0128
    We can help!
    Listing Contact
    Shawna Perkins
    Real Estate License ID: SA687890000
    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!