Guest Ranch with Rock
4190 E Dragoon Road Dragoon, AZ 85609
For Sale
$3,800,000
Historic guest ranch with 11 casitas, 15 RV spaces, a restaurant with commercial kitchen, and extensive equestrian facilities.
Lot Size160.00 Acres
Days on Market48
Property Features for 4190 E Dragoon Road
General Information
Standard status
Active
Lot size
160.00 Acres
Property subtype
Commercial
Building Details
Year Built
1919
Listing Agency:
First United Realty, Inc
(520) 429-0746
Listed By:
Martin Ryan · License #BR024526000
(520) 429-0746
Source:
Canteraland
Added: Jun 13
Changed: Jul 27
Last Checked: Jul 29 at 12:22PM
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 First United Realty, Inc
Investment Insights
Based on property information with market context.
Triangle T Guest Ranch is a historic guest ranch offering 11 casitas and 15 full RV spaces, along with a pool and an on-site Rock Saloon. The property includes a restaurant with a full commercial kitchen and an owner’s residence.
Equestrian features are a major part of the ranch’s existing infrastructure, with a regulation-size arena, riding trails, and an obstacle course. The layout also supports on-site camping for guests with their own horses, along with dry camping areas and employee RV accommodations.
The ranch is listed as three tax parcels: 208-58-002N, 208-58-002P, and 208-58-002L. The property is located at 4190 E Dragoon Road in Dragoon, Arizona.
Equestrian features are a major part of the ranch’s existing infrastructure, with a regulation-size arena, riding trails, and an obstacle course. The layout also supports on-site camping for guests with their own horses, along with dry camping areas and employee RV accommodations.
The ranch is listed as three tax parcels: 208-58-002N, 208-58-002P, and 208-58-002L. The property is located at 4190 E Dragoon Road in Dragoon, Arizona.
Key Highlights
- Historic Triangle T Guest Ranch on 160 acres (3 tax parcels: 208‑58‑002N, 208‑58‑002P, 208‑58‑002L), year built 1919
- Guest accommodations include 11 casitas plus 15 full RV spaces and an owner's residence
- On‑site dining includes a restaurant with full commercial kitchen and a Rock Saloon
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.6k | $15.00 |
| − Vacancy | −$20.1k | −$1.17 |
| EGI | $237.5k | $13.83 |
| − OpEx | −$59.4k | −$3.46 |
| NOI | $178.1k | $10.37 |
17,170 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.54M
$2.23M – $2.97M
NOI $178,096 @ 7.0% cap · market cap 4.69%
Second Best
Hotel Hospitality
$1.25M
$1.10M – $1.46M
NOI $87,788 @ 7.0% cap · market cap 2.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Ranch - Historic guest ranch with 11 casitas, 15 RV spaces, a restaurant with commercial kitchen, and extensive equestrian facilities.
Where is this ranch located?
The property is located at 4190 E Dragoon Road Dragoon, AZ.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Historic Triangle T Guest Ranch on 160 acres (3 tax parcels: 208‑58‑002N, 208‑58‑002P, 208‑58‑002L), year built 1919; Guest accommodations include 11 casitas plus 15 full RV spaces and an owner's residence; On‑site dining includes a restaurant with full commercial kitchen and a Rock Saloon
