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    6922 I-8 Wellton, AZ 85365

    For Sale
    $1,749,000

    24.3 Acres, I-8 & Araby Rd. Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 24.3-acre parcel presents a compelling investment opportunity in Yuma, Arizona. Located at 6922 E I-8, off Araby Road, this property boasts a highly desirable location with convenient access to Interstate 8 and Highway 95. Currently zoned for Agricultural use (AG), the land is designated for medium-density residential development under the City of Yuma General Plan, offering significant potential for future growth. The expansive lot size provides ample space for a variety of residential projects. Its strategic position near Arizona Western College and Gila Ridge High School adds to its appeal, attracting a strong potential resident base. Furthermore, the property benefits from its proximity to recently developed commercial and residential areas, indicating a thriving and expanding community. The APN is 197-040-41. This property is priced at $1,749,000 and offers a unique chance to capitalize on the increasing demand for residential development in this rapidly growing area of Yuma County. The address is 6922 E I-8, Wellton, AZ 85365. This is a rare opportunity to acquire a substantial tract of land with excellent development potential in a prime location.

    Property Features for 6922 I-8

    General Information

    Property type
    Land
    Lot Size
    1,058,508 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wellton
    County
    Yuma
    State
    Arizona
    Longitude
    -114.514778
    Latitude
    32.679661

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    FAQs

    What type of property is this?
    Land - 24.3 Acres, I-8 & Araby Rd. Development Opportunity
    Where is this land located?
    The property is located at 6922 I-8 Wellton, AZ.
    What is the asking price?
    The asking price for this property is $1,749,000.
    (602) 222-5000
    Request Owner's contact information
    6922 I-8 Wellton, AZ 85365
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    Wellton, AZ 85365
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    Realmo Value Estimation

    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.

    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.

    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
    6922 I-8 Wellton, AZ 85365
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