Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7045 N INVERGORDON Road Paradise Valley, AZ 85253

    View on Map
    Claim this Listing
    For Sale
    $5,000,000

    LAND - Paradise Valley, AZ

    Lot size:
    6.60 Acres
    Added:
    Jan 20, 2026
    Days on Market:
    102
    Last Refresh:
    May 2 at 10:06 pm

    Property Features for 7045 N INVERGORDON Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-43
    Standard status
    Active
    APN
    169-01-003-C
    Lot size
    6.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PT SE4 SEC 4 DESC AS LOT 1 PER MCR 534-27
    Tax Annual Amount
    8372

    We can help!

    Listing Contact
    Christopher V Karas

    Listing agent Christopher V Karas License #SA555869000

    Listing office Compass 4222 N Marshall Way Suite A, Scottsdale, AZ

    Listing date Jan 20, 2026

    MLS# 6971464 Listing URL

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

    Overview

    Paradise Valley Land Opportunity

    This 6.6-acre parcel, totaling 288,130 sq ft, presents a unique opportunity to create a Paradise Valley estate. The property features a gated entrance and benefits from the absence of an HOA. Utilities, including water, power, cable, phone, and gas, are available at the curb. The lot benefits from a more relaxed hillside ordinance, potentially making it more buildable compared to other mountainside properties. Hillside committee-approved plans from architect Drewett Works are available, featuring a 10,000 sq ft home, a 5-car garage, a gym with cold plunge, 4 bedrooms, and an office. This property is located in Paradise Valley, Arizona.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Accounting Firm HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paradise Valley
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9451257
    Latitude
    33.5378134

    Nearby Similar for Sale

    • $4,250,000

      Paradise Valley Acreage with Mountain Views

      Desirable 1.08-acre lot in Paradise Valley, Arizona.
      5125 E ROADRUNNER Road, Paradise Valley, AZ 85253
      View Details
    • $4,995,000

      Paradise Valley Premium View Lot

      Exclusive 3.88-acre lot with panoramic views and building pad.
      7040 N INVERGORDON Road, Paradise Valley, AZ 85253
      View Details
    • $4,200,000

      Paradise Valley Acreage Ready to Build

      Prime 1.23 acre lot in the heart of Paradise Valley.
      5702 E CABALLO Drive, Paradise Valley, AZ 85253
      View Details
    • $2,995,000

      Hillside Parcel with Approved Plans

      Hillside parcel with unobstructed views and approved architectural plans.
      4275 E KEIM Drive, Paradise Valley, AZ 85253
      View Details
    • $5,995,000

      Paradise Valley Land Near Mummy

      1.61 acre Paradise Valley property at base of Mummy Mountain.
      6900 N Mummy Mountain Road, Paradise Valley, AZ 85253
      View Details
    • $2,250,000

      Paradise Valley Land with Approved Plans

      Ready-to-build lot in Paradise Valley with included plans and permits.
      4702 E LINCOLN Drive, Paradise Valley, AZ 85253
      View Details
    • $7,999,999

      Paradise Valley Land Opportunity

      Exceptional 2.82-acre homesite in Paradise Valley, Arizona.
      5057 E SKY DESERT Lane, Paradise Valley, AZ 85253
      View Details
    • $3,100,000

      Paradise Valley Buildable Lot

      Buildable flat lot with mountain views in Tatum Canyon.
      7816 N 47TH Street, Paradise Valley, AZ 85253
      View Details
    • $5,495,000

      Paradise Valley Homesite Opportunity

      Rare 1+ acre homesite in premier guard-gated Finisterre community.
      6301 E HUNTRESS Drive, Paradise Valley, AZ 85253
      View Details
    • $3,895,000

      Paradise Valley Hillside Estate Lot

      Privately gated 2.3+ acre lot in Clearwater Hills.
      7310 N HIGHCLIFF Drive, Paradise Valley, AZ 85253
      View Details
    • $2,900,000

      Paradise Valley Homesite Opportunity

      Premier 0.7-acre homesite in a desirable Paradise Valley location.
      6827 E VERMONT Avenue, Paradise Valley, AZ 85253
      View Details
    • $2,595,000

      Paradise Valley 1.15-Acre Corner Lot

      1.15-acre corner lot in desirable Paradise Valley location.
      6622 E BAR Z Lane, Paradise Valley, AZ 85253
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 6+ acre parcel to craft a Paradise Valley masterpiece.
    Where is this residential land & home lot located?
    The property is located at 7045 N INVERGORDON Road Paradise Valley, AZ.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 288,130 sq ft parcel on 6+ acres in Paradise Valley; No HOA and relaxed hillside ordinance for easier building; Utilities at the curb: water, power, cable, phone, and gas
    (602) 919-6511
    We can help!
    Listing Contact
    Christopher V Karas
    Real Estate License ID: SA555869000
    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

    7045 N INVERGORDON Road, Paradise Valley, AZ 85253

    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!