Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land in White Mountain Lakes Title is generated by Realmo AI

    8656 Bonito Drive, Show Low, AZ 85901

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Show Low, AZ

    Type:Single Family Residence
    Lot size:
    2.43 Acres
    Added:
    Oct 7, 2025
    Days on Market:
    243
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for 8656 Bonito Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Exterior features
    Level
    Standard status
    Active
    APN
    304-12-017B
    Lot size
    2.43 Acres

    Taxes and HOA fees

    Tax Description
    WHITE MOUNTAIN LAKES #5: E2 W2 LOT 12
    Tax Annual Amount
    87

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    John W Golden

    Listing agent John W Golden License #SA659328000

    Listing office Torreon Realty 3350 W Sugar Pine Way Ste 300, Show Low, AZ

    Listing date Oct 7, 2025

    MLS# 258253 Listing URL

    Copyright © 2026 White Mountain Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Horse property in White Mountain Lakes
    • Passed perc test (10‑20‑25)
    • Owner may carry with the right offer
    • Priced to sell
    • Level lot
    • Electricity available

    Overview

    This 2.43-acre horse property is located in White Mountain Lakes, just minutes outside of town. The property has passed a perc test on 10-20-25. It is priced to sell, presenting a fantastic opportunity for prospective buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Show Low
    County
    Navajo
    State
    Arizona
    Longitude
    -109.96684
    Latitude
    34.376431

    Nearby Similar for Sale

    • $2,225,000
      7,202 SF

      Turnkey Sports Lounge and Bar

      Established late-night sports lounge with a full bar, pool tables, and indoor-outdoor seating designed for an owner-operator or investor.
      4481 S White Mountain Road, Show Low, AZ 85901
      View Details
    • $550,000

      Show Low Commercial/Residential Opportunity

      Two parcels totaling 1.3 acres with utilities and development potential.
      8358/8356 Silver Creek Drive, Show Low, AZ 85901
      View Details
    • $1,900,000
      8,366 SF

      Turnkey Patient Care Facility

      24-bed facility on 5 acres, ready for patient operations.
      965 Full House Lane, Show Low, AZ 85901
      View Details
    • $1,500,000
      11,951 SF

      Show Low Office Investment Opportunity

      Two fully occupied office buildings totaling 11,951 SF on 1.33 acres.
      1801 W Deuce Of Clubs, Show Low, AZ 85901
      View Details
    • $799,000
      4,840 SF

      Established Machine Shop on 1.97 Acres

      Commercial property with established machine shop business for sale.
      2981 E Adams, Show Low, AZ 85901
      View Details
    • $995,000

      Prime Highway Frontage Land Opportunity

      10-acre investment opportunity with highway frontage in Show Low, AZ.
      010D E OWENS, Show Low, AZ 85901
      View Details
    • $89,000

      Residential Land in Torreon, Show

      Ready to build your dream home in Torreon, Show Low.
      4790 W Hawthorn Road, Show Low, AZ 85901
      View Details
    • $145,000

      Linden Land: National Forest Access

      2.85-acre parcel bordering National Forest with shared well and electric.
      1606 Echo Court, Show Low, AZ 85901
      View Details
    • $235,000

      White Mountain Lake Waterfront Land

      Rare waterfront lot with utilities in gated Eaglescrest community.
      8379 Lake View Drive, Show Low, AZ 85901
      View Details
    • $105,000

      Torreon Homesite with Lake Views

      Homesite in Torreon community with lake and tall pine views.
      1581 S Torreon Lakes Drive, Show Low, AZ 85901
      View Details
    • $185,000

      Golf Course Land in Show Low

      2.35-acre parcel in Birdie Ranch Golf Course.
      Silver Lake Boulevard, Show Low, AZ 85901
      View Details
    • $170,000

      Land in Torreon Lakes II

      Build your mountain getaway in Arizona's White Mountains.
      2480 W Edgewater, Show Low, AZ 85901
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Horse property near town. Passed perc test. Priced to sell.
    Where is this horse & equestrian property located?
    The property is located at 8656 Bonito Drive Show Low, AZ.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Horse property in White Mountain Lakes; Passed perc test (10‑20‑25); Owner may carry with the right offer
    (928) 358-7208
    We can help!
    Listing Contact
    John W Golden
    Real Estate License ID: SA659328000
    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
    8656 Bonito Drive, Show Low, AZ 85901
    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!