Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    36 Acres Ranchette with Views Title is generated by Realmo AI

    6687 S Prairie Grass Lane, Williams, AZ 86046

    View on Map
    Claim this Listing
    For Sale
    $39,900

    LAND - Williams, AZ

    Lot size:
    36.08 Acres
    Added:
    May 16, 2026
    Days on Market:
    15
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 6687 S Prairie Grass Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    G
    Standard status
    Active
    APN
    50340048
    Lot size
    36.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HOWARD MESA RANCH PHASE 1 UNITS 6 ? 10 LOT: 304
    Tax Annual Amount
    196

    We can help!

    Listing Contact
    Lisa A Paffrath

    Listing agent Lisa A Paffrath License #BR556219000

    Listing office Better Homes and Gardens Real Estate Grand View North 1500 E Cedar Avenue, Ste. 8, Flagstaff, AZ

    Listing date May 16, 2026

    MLS# 204546 Listing URL

    Copyright © 2026 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 36 acres bordering State Trust Land (640 acres) offering expansive open space.
    • Subdividable (12‑acre minimum) providing flexibility for development.
    • Spectacular 360‑degree views and numerous level building sites.
    • Association‑maintained roads ensure year‑round access.
    • Horses and livestock are welcome.
    • Conveniently located: less than an hour to the Grand Canyon and Flagstaff, and 30 minutes to Williams.

    Overview

    This 36.08-acre ranchette is located in Howard Mesa Ranch and offers 360-degree views. The level lot provides numerous building sites. The property borders state trust land, offering an additional 640 acres of open space. It can be subdivided with a 12-acre minimum in this phase of Howard Mesa Ranch. Association-maintained roads provide year-round access. Horses and other livestock are welcomed. The location offers cool summers and mild winters. It is located less than an hour from the Grand Canyon and Flagstaff, and 30 minutes from historic Williams.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Williams
    County
    Coconino
    State
    Arizona
    Longitude
    -112.441
    Latitude
    35.6062

    Nearby Similar for Sale

    • $695,000
      1,600 SF

      The FoxBox

      1720 E Sagebrush Rd, Williams, AZ 86046
      View Details
    • $118,000
      450 SF

      Land Near Grand Canyon

      1.16 acre property near Williams and Grand Canyon.
      3212 Parker Drive, Williams, AZ 86046
      View Details
    • $140,000

      Scenic Land in Williams, Arizona

      10 acres with mountain views, forests, and seasonal creek.
      5305 N RED MOUNTAIN Road, Williams, AZ 86046
      View Details
    • $250,000

      Williams, AZ Land Parcel

      18.15 acres near forest with mountain views.
      5303 N RED MOUNTAIN Road, Williams, AZ 86046
      View Details
    • $190,000

      Pine Tree Covered Double Lot

      Double lot in gated community near Williams with utilities.
      1085 Timbernook, Williams, AZ 86046
      View Details
    • $149,000

      Commercial Land Near Grand Canyon

      1.14 acre commercial parcel near Grand Canyon and Williams.
      238 E Coronado Drive, Williams, AZ 86046
      View Details
    • $109,000

      Land with Cabin in Williams

      2+ acre land sale with cabin near Highway 180.
      4650 E Juniper Road, 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
    • $209,000

      Golf Course Corner Lot

      Exceptional homesite on Elephant Rocks Golf Course's 8th Fairway.
      2682 W Highland Meadows Drive, Williams, AZ 86046
      View Details
    • $255,000

      Woodland Ranch Land with Trailer

      20.04 acres with trailer near Grand Canyon.
      4063 E Woodland Ranch Road, Williams, AZ 86046
      View Details
    • $260,000

      Land in Mountain-Side Community

      Fenced land with sheds, utilities, and development potential.
      7330 N PINON PINE Street, Williams, AZ 86046
      View Details
    • $16,500

      Highway Land Near Grand Canyon

      One-acre lot near Grand Canyon with highway access.
      3384 Us Hwy 180, Williams, AZ 86046
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 36-acre ranchette bordering state trust land with subdivision potential.
    Where is this agricultural land / farmland located?
    The property is located at 6687 S Prairie Grass Lane Williams, AZ.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: 36 acres bordering State Trust Land (640 acres) offering expansive open space.; Subdividable (12‑acre minimum) providing flexibility for development.; **Spectacular 360‑degree views and numerous level building sites.**
    (928) 380-9955
    We can help!
    Listing Contact
    Lisa A Paffrath
    Real Estate License ID: BR556219000
    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
    6687 S Prairie Grass Lane, 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!