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

    3 Lots W Oatman Hwy Golden Valley, AZ 86413

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three lots on Historic Route 66 with mountain views.

    Type:Land
    Lot size:
    3.00 Acres
    Added:
    Oct 28, 2023
    Days on Market:
    914
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 3 Lots W Oatman Hwy

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Tim Holley

    Listing agent Tim Holley License #BR520617000

    Listing office Long River Realty

    Listing date Oct 28, 2023

    Source Crexi

    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 Long River Realty

    Overview

    Golden Valley Land on Route 66

    Located on the corner of Historic Route 66 and Sacramento in Golden Valley, this property features three lots with panoramic mountain views. The lots, each one acre or more in size, benefit from a paved road and existing electricity access. The three lots can be sold separately.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Auto Repair Shop Hair Salon Auto Parts Store Department Store Kitchen & Bath Showroom HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Golden Valley
    County
    Mohave
    State
    Arizona
    Longitude
    -114.052
    Latitude
    35.1895

    Nearby Similar for Sale

    • $35,000

      Golden Valley Land Parcel

      1+ acre parcel with utilities available near highways.
      117B N Bibo Road, Golden Valley, AZ 86413
      View Details
    • $261,000

      Commercial Land in Golden Valley

      Zoned C2H land with power and water available.
      305-06-161 Hwy 68, Golden Valley, AZ 86413
      View Details
    • $125,000

      Golden Valley Commercial Land Parcel

      2.35 acre commercial land parcel ready for development.
      S Kelvin Road, Golden Valley, AZ 86413
      View Details
    • $425,000

      Commercial Land in Golden Valley

      5.14 acre commercial property with ADOT approved approach.
      3374 Hwy 68, Golden Valley, AZ 86413
      View Details
    • $40,000

      Golden Valley Highway 93 Land

      One-acre commercial land parcel with highway access in Golden Valley.
      Hwy 93 lot: 7, Golden Valley, AZ 86413
      View Details
    • $158,500

      Golden Valley Acre with Utilities

      One-acre lot with utilities and travel trailer setup.
      886 S San Pedro Road, Golden Valley, AZ 86413
      View Details
    • $59,900

      Golden Valley Land Opportunity

      Two parcels totaling 3.99 acres in Golden Valley, Arizona.
      3.99 Ac N Hoover Road, Golden Valley, AZ 86413
      View Details
    • $14,500

      Golden Valley Land with Mountain Views

      Versatile land with cleared driveway and mountain views.
      1193 S Dragoon Road, Golden Valley, AZ 86413
      View Details
    • $150,000

      Golden Valley Commercial Land Available

      Commercial land in Golden Valley, Arizona, zoned C2H.
      4286 US Highway 68, Golden Valley, AZ 86413
      View Details
    • $805,593

      Expansive Land in Golden Valley, AZ

      249 acres of land with panoramic views in Golden Valley.
      Unk N Zuni, Golden Valley, AZ 86413
      View Details
    • $65,000

      Golden Valley Land with Panoramic Views

      3.43 acres with panoramic views, build your dream home!
      330-25-040 W Castle Springs Road, Golden Valley, AZ 86413
      View Details
    • $29,000

      Golden Valley Land with Utilities

      1.25 acre lot with power and water access.
      306-53-128 W Unkar Drive, Golden Valley, AZ 86413
      View Details

    FAQs

    What type of property is this?
    Land - Three lots on Historic Route 66 with mountain views.
    Where is this land located?
    The property is located at 3 Lots W Oatman Hwy Golden Valley, AZ.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Panoramic mountain views; Located on Historic Route 66; Electricity to property
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim Holley
    Real Estate License ID: BR520617000
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!