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

    391 North Riggles Avenue Quartzsite, AZ 85346

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $795,000

    Commercial acreage near Interstate 10, suitable for various ventures.

    Type:Land
    Property size:
    280,300 SF
    Lot size:
    6.44 Acres
    Added:
    Dec 14, 2024
    Days on Market:
    490
    Last Refresh:
    Mar 13 at 2:49 pm

    Property Features for 391 North Riggles Avenue

    General Information

    Standard status
    Active
    Size
    280,300 SF
    Lot size
    6.44 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jon Michael Beydler

    Listing agent Jon Michael Beydler License #BR543141000

    Listing office Valley of the Sun Real Estate

    Listing date Dec 14, 2024

    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 Valley of the Sun Real Estate

    Overview

    Commercial Land Near Interstate 10

    This commercial acreage is strategically located immediately off Interstate 10, which runs from Jacksonville, Florida, to Los Angeles, California. The parcel is situated directly north of ARCO and CHEVRON gasoline stations and immediately to the west of the Quartzsite RV Resort and the Park Place RV Park. Upcoming developments include a new Texaco truck stop and retail strip center, a restaurant, and a hotel. The property, zoned commercial, is suitable for a hotel, restaurant, RV/KOA park, or retail strip center. Town water, sewer, and APS electric services are available on the property. The property size is 280300 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Quartzsite
    County
    La Paz
    State
    Arizona
    Longitude
    -114.218
    Latitude
    33.6715

    Nearby Similar for Sale

    • $199,000
      916 SF

      Quartzsite Live-Work Storefront on I-95

      High-visibility commercial space with living quarters on 0.39 acres.
      566 N Central Blvd, Quartzsite, AZ 85346
      View Details
    • $750,000
      3,952 SF

      Quartzsite Commercial Hub with Residence

      1.2-acre commercial property with shop and on-site residence.
      75 N Plymouth Ave, Quartzsite, AZ 85346
      View Details
    • $699,900
      2,400 SF

      Quartzsite Commercial Property on Main

      Prime Main Street location suitable for retail or industrial ventures.
      864 W Main St, Quartzsite, AZ 85346
      View Details
    • $1,800,000
      9,600 SF

      Quartzsite Investment Opportunity: Swap Meet

      Turn-key swap meet on 8.57 acres with vendor lots.
      960 W Main St, Quartzsite, AZ 85346
      View Details
    • $249,000
      3,308 SF

      Mixed-Use Property in Quartzsite, Arizona

      Mixed-use property with commercial zoning and residential potential.
      394 N Central Blvd, Quartzsite, AZ 85346
      View Details
    • $299,000

      Quartzsite Commercial Land Near I-10

      4 acres of commercial land near I-10 off ramp.
      3205 E Mockingbird Street, Quartzsite, AZ 85346
      View Details
    • $600,000

      Prime Commercial Land Near I-10

      6.61 acres of commercial land with I-10 frontage.
      525 E Main St, Quartzsite, AZ 85346
      View Details
    • $349,900
      2,098 SF

      Established RV Park in Quartzsite

      Well-established RV park with year-round tenants and income potential.
      1345 N Moon Mountain Ave, Quartzsite, AZ 85346
      View Details
    • $125,000

      Quartzsite Vacant Lot with Shed

      Improved vacant lot with shed, bathroom, RV cover, hook-up.
      55 N Sagebrush Rd, Quartzsite, AZ 85346
      View Details
    • $980,000

      Gated Desert Retreat RV Acreage

      Luxury motorcoach living on 10 acres near Arizona Peace Trail.
      29884 N 53RD Street, Quartzsite, AZ 85346
      View Details
    • $85,000

      Quartzsite Land with Utilities

      Developed lot with city water and sewer in Quartzsite.
      495 N Emerald Ave, Quartzsite, AZ 85346
      View Details
    • $400,000
      4,814 SF

      Quartzsite Mixed-Use Investment Opportunity

      High-visibility property with retail, bake shop, and residential income.
      415 & 425 E Main St, Quartzsite, AZ 85346
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial acreage near Interstate 10, suitable for various ventures.
    Where is this commercial land located?
    The property is located at 391 North Riggles Avenue Quartzsite, AZ.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Strategically located immediately off Interstate 10, offering high visibility and accessibility.; Zoned commercial, allowing for a variety of development options.; Town water, sewer, and APS electric are already on the property.
    (480) 600-6001
    We can help!
    Listing Contact
    Jon Michael Beydler
    Real Estate License ID: BR543141000
    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!