Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    2.5 Acres in Chevelon Canyon Title is generated by Realmo AI

    1824 McAllister Avenue, Heber, AZ 85928

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2.5 acre lot in Chevelon Canyon for sale.

    Type:Land / Agriculture
    Property size:
    108,900 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $0.06/SF
    Added:
    Apr 3, 2025
    Days on Market:
    420
    Last Refresh:
    May 13 at 1:02 am

    Property Features for 1824 McAllister Avenue

    General Information

    Standard status
    Active
    Size
    108,900 SF
    Lot size
    2.50 Acres
    Property subtype
    Land / Agriculture

    We can help!

    Listing Contact
    Joseph E Holland

    Listing agent Joseph E Holland License #BR642476000

    Listing office White Mountain Realty

    Listing date Apr 3, 2025

    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 White Mountain Realty

    HighLights

    • 2.50 acre lot size.
    • Located in Chevelon Canyon.
    • Opportunity for off‑grid living.
    • Escape from city lights and noise.
    • Additional adjacent 2.50 acre lot available.
    • Located on McAllister Ave. and Main St.

    Overview

    This 2.50-acre parcel is located on McAllister Ave. and Main St. in Chevelon Canyon. An adjacent 2.50-acre parcel with APN 201-28-024B is also available under a separate listing. The property is positioned as a location for off-grid living, away from city lights and noise. The property was acquired through tax lien foreclosure, and limited historical information is available beyond public records. The property size is 108900 square feet.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Heber
    County
    Coconino
    State
    Arizona
    Longitude
    -110.632
    Latitude
    34.4386

    Nearby Similar for Sale

    • $975,000
      4,911 SF

      Heber, AZ Commercial Opportunity

      Profitable business opportunity in Heber, Arizona with superb location.
      3407 Parkview, Heber, AZ 85928
      View Details
    • $78,900

      Treed Lot in Gated Community

      Beautiful treed lot in a gated community in Heber, AZ.
      3378 Windy Lane, Heber, AZ 85928
      View Details
    • $88,900

      Treed Lot in Gated Community

      Beautiful 0.78-acre treed lot in Heber, Arizona.
      3373 Whisper Lane, Heber, AZ 85928
      View Details
    • $550,000

      Land Ready for Development

      6.4 acres in the White Mountains with utilities.
      2975 Canary Lane, Heber, AZ 85928
      View Details
    • $88,900

      Heber, AZ Treed Lot

      Treed lot in gated Summer Place North community.
      3377 Whisper Lane, Heber, AZ 85928
      View Details
    • $128,900

      Heber, AZ Treed Lot

      Treed lot in gated community with view potential.
      3369 Windy Lane, Heber, AZ 85928
      View Details
    • $125,000

      Heber, AZ Land Parcel

      Large 2.19 acre lot in Heber, Arizona.
      2925 Buckskin Canyon Rd, Heber, AZ 85928
      View Details
    • $124,900

      Treed Lot in Gated Community

      Residential land in a gated community with paved roads.
      3372 Whisper Lane, Heber, AZ 85928
      View Details
    • $225,000

      Acreage in White Mountains, Arizona

      3.62 acres with Ponderosa Pines, near Heber, Arizona.
      PAR 007H Chevelon Rd, Heber, AZ 85928
      View Details
    • $125,000

      Ready-to-Build Lot in Heber, AZ

      0.85 acre lot with utilities in Summer Place North.
      3344 Stone Bridge Trail, Heber, AZ 85928
      View Details
    • $250,000

      Secluded Treed Land Parcel

      8-acre treed land parcel close to town.
      Bear Heights, Heber, AZ 85928
      View Details
    • $275,000
      3,040 SF

      Commercial Property in Heber, AZ

      Commercial property featuring 3,040 square feet on 0.58 acres.
      1824 State Route 260, Heber, AZ 85928
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 2.5 acre lot in Chevelon Canyon for sale.
    Where is this agricultural land / farmland located?
    The property is located at 1824 McAllister Avenue Heber, AZ.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 2.50 acre lot size.; Located in Chevelon Canyon.; Opportunity for off‑grid living.
    (928) 243-8701
    We can help!
    Listing Contact
    Joseph E Holland
    Real Estate License ID: BR642476000
    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
    1824 McAllister Avenue, Heber, AZ 85928
    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!