Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2445 N Luana Drive Williams, AZ 86046

    View on Map
    Claim this Listing
    Pending
    $38,500

    LAND - Williams, AZ

    Lot size:
    1.02 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    104
    Last Refresh:
    May 6 at 9:06 pm

    Property Features for 2445 N Luana Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Ag-RES
    Fencing
    Barbed Wire
    Standard status
    Pending
    APN
    807
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SUBDIVISION: KAIBAB EST WEST ANNEX UNIT 05 LOT: 807 SIXTEENTH: NE QUARTER: SW SECTION: 26 TOWNSHIP: 22N RANGE: 02W
    Tax Annual Amount
    62

    We can help!

    Listing Contact
    Shena Lee Korn

    Listing agent Shena Lee Korn License #SA550964000

    Listing office Russ Lyon Sotheby's International Realty 6900 E Camelback Rd Suite #110, Phoenix, AZ

    Listing date Jan 22, 2026

    MLS# 1078971 Listing URL

    Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Enjoy breathtaking mountain views of Bill Williams Mountain and Sitgreaves Mountain.
    • Three move‑in‑ready cabins offer a great start, ready for customization.
    • Paved road access ensures easy travel to Williams (20 minutes) and the Grand Canyon (77 miles).
    • 1.04 acres of usable, fully fenced land is suitable for various uses.
    • Electric pole on property simplifies utility connection.
    • No HOA provides freedom and flexibility for property use.

    Overview

    Mountain-View Retreat with Three Cabins

    This 1.04-acre property features three cabins and offers mountain views. Located off paved Double A Ranch Road in the Kaibab National Forest corridor, the land provides views toward Bill Williams Mountain and Sitgreaves Mountain. The property is fully fenced and has an electricity pole located 5 feet from the corner. The location is 20 minutes from Williams, which offers a Safeway grocery store, dining, and Route 66 shops. Prescott, with full-service shopping, dining, and entertainment, is under an hour away. The Grand Canyon South Rim is 77 miles away, and Flagstaff's Snowbowl ski slopes are 45 minutes away. The surrounding area offers hiking, off-roading, and horseback-riding trails. The property is zoned Ag-RES. The cabins are under the permit threshold. An additional 3.5-acre adjoining parcel is also available, combining both for a total of 4.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Williams
    County
    Coconino
    State
    Arizona
    Longitude
    -112.441
    Latitude
    35.6062

    Nearby Similar for Sale

    • $110,000

      Williams, AZ Land with Tiny Home

      Off-grid tiny home on 12 acres with cistern well.
      9457 W Bright Sky Trail, Williams, AZ 86046
      View Details
    • $350,000

      Heavily Treed Land in Williams

      10 acres with well, septic, and electricity in Williams, AZ.
      6090 N Cliff Rose, Williams, AZ 86046
      View Details
    • $10,000

      Land Near Grand Canyon

      One-acre parcel near Grand Canyon with flexible use.
      2256 S Bluebell Road, Williams, AZ 86046
      View Details
    • $9,000

      Land with San Francisco Peaks Views

      One-acre lot near Grand Canyon with flexible use options.
      2424 E Valle Road, Williams, AZ 86046
      View Details
    • $11,500

      Northern Arizona Land Opportunity

      1.58-acre lot near Grand Canyon, Flagstaff, and Williams.
      2675 E Mission Drive, Williams, AZ 86046
      View Details
    • $122,997

      Land Near Grand Canyon

      2.5 acres near Grand Canyon South Rim.
      3535 E Venice Drive, Williams, AZ 86046
      View Details
    • $15,950

      Northern Arizona Land with Peaks View

      1.4-acre lot near Grand Canyon, Williams, and Flagstaff.
      1144 E Cochise Way, Williams, AZ 86046
      View Details
    • $25,000

      Breathtaking Land in Northern Arizona

      Remarkable 10-acre lot with stunning views and recreational opportunities.
      240 N Wyandotte Road, Williams, AZ 86046
      View Details
    • $18,000

      Land Near Grand Canyon

      1.03 acres for recreational getaway near Grand Canyon.
      579 Overland Trail, Williams, AZ 86046
      View Details
    • $39,000

      12-Acre Lot Near Grand Canyon

      12-acre lot in South Rim Ranch community near Grand Canyon.
      8755 Hawkeye Circle lot: B, Williams, AZ 86046
      View Details
    • $15,950

      Northern Arizona Land with Peaks View

      1.3 acres near Grand Canyon, Williams, and Flagstaff.
      1178 E Cochise Way, Williams, AZ 86046
      View Details
    • $149,000

      Commercial Land Near Grand Canyon

      1.14 acre commercial parcel near Grand Canyon South Rim.
      238 E Coronado Drive, Williams, AZ 86046
      View Details

    FAQs

    What type of property is this?
    Land - 1.04 acres with three cabins near Grand Canyon.
    Where is this land located?
    The property is located at 2445 N Luana Drive Williams, AZ.
    What is the asking price?
    The asking price for this property is $38,500.
    What are key features of this property?
    This property features: Enjoy breathtaking mountain views of Bill Williams Mountain and Sitgreaves Mountain.; Three move‑in‑ready cabins offer a great start, ready for customization.; Paved road access ensures easy travel to Williams (20 minutes) and the Grand Canyon (77 miles).
    (602) 616-3415
    We can help!
    Listing Contact
    Shena Lee Korn
    Real Estate License ID: SA550964000
    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
    2445 N Luana Drive, Williams, AZ 86046
    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!