Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Concho Valley Acreage For Sale Title is generated by Realmo AI

    36984 Highway 61, Concho, AZ 85924

    View on Map
    Claim this Listing
    For Sale
    $69,900

    1.24 acre lot with commercial or residential potential.

    Type:Land / Agriculture
    Property size:
    54,014 SF
    Lot size:
    1.24 Acres
    Price / SF:
    $1.29/SF
    Added:
    Sep 12, 2022
    Days on Market:
    1354
    Last Refresh:
    May 13 at 1:03 am

    Property Features for 36984 Highway 61

    General Information

    Standard status
    Active
    Size
    54,014 SF
    Lot size
    1.24 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 Sep 12, 2022

    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

    • 1.24 acre lot with commercial or residential potential.
    • Located directly across from Family Dollar in Concho Valley.
    • Adjacent to Concho Lake.
    • Close proximity to outdoor activities like hiking, fishing, hunting, lakes, and golfing.
    • 25 minutes to St. Johns or Show Low.
    • Just over an hour to Sunrise Ski Resort.

    Overview

    This 1.24-acre lot is located directly across from Family Dollar in Concho Valley and sits at one edge of Concho Lake. The property offers possibilities for commercial or residential use. The site is located 25 minutes from St. Johns or Show Low. The White Mountains offer sights, hiking, fishing, hunting, lakes, and golfing. Sunrise Ski Resort is located just over an hour away. The property was acquired through tax lien foreclosure, so information is limited to public record and site observation. The buyer is responsible for verifying all material facts during the inspection period. The property has a size of 54014 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Concho
    County
    Apache
    State
    Arizona
    Longitude
    -109.604529
    Latitude
    34.474376

    Nearby Similar for Sale

    • $180,000

      Concho Land with Panoramic Views

      40+ acre parcel featuring fencing, well, and included travel trailer.
      277 County Road N9234, Concho, AZ 85924
      View Details
    • $180,000

      Land with Panoramic Views

      40.26 acres with fencing, well, septic, and solar.
      277 County Road N9234, Concho, AZ 85924
      View Details
    • $488,910

      Concho, AZ Land Opportunity

      Large parcel with highway frontage and essential utilities in place.
      1470 E Concho Highway, Concho, AZ 85924
      View Details
    • $488,910

      Land with Development Potential

      Large parcel with utilities in place, ideal for development.
      1470 E Concho Highway, Concho, AZ 85924
      View Details
    • $175,000
      10,000 SF

      77 Acres in Last Mesa Ranch

      77 acres in the White Mountains with a large shop.
      77 N8604, Concho, AZ 85924
      View Details
    • $225,000
      2,704 SF

      Concho, AZ Land with Hangar

      10 acres with hangar, ideal for development or storage.
      CR 8051, Concho, AZ 85924
      View Details
    • $165,000

      Concho, AZ Land Opportunity

      90.4 acres of fenced land with well and storage.
      1045 County Road 5020, Concho, AZ 85924
      View Details
    • $175,000

      73+ Acre Land Parcel

      Land with move-in ready structure near Downtown Concho.
      1342 Concho Highway, Concho, AZ 85924
      View Details
    • $79,000

      Land with Utilities in Concho

      Ready to move onto land with utilities and tiny house.
      69 Alpine Lane, Concho, AZ 85924
      View Details
    • $80,000

      5.39 Acres in Windsor Valley

      Improved 5.39-acre parcel in Concho, AZ with utilities.
      35 County Road 8623, Concho, AZ 85924
      View Details
    • $234,000

      Concho, AZ Land For Sale

      12.01 acre land parcel near Show Low, Arizona.
      10 CR N8623, Concho, AZ 85924
      View Details
    • $29,900

      Residential Land in Concho, Arizona

      Seven acre residential lot in Concho, horses allowed.
      County Road 8643, Concho, AZ 85924
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.24 acre lot with commercial or residential potential.
    Where is this commercial land located?
    The property is located at 36984 Highway 61 Concho, AZ.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: 1.24 acre lot with commercial or residential potential.; Located directly across from Family Dollar in Concho Valley.; Adjacent to Concho Lake.
    (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
    36984 Highway 61, Concho, AZ 85924
    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!