Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    26.6 Acres in Vernon, AZ Title is generated by Realmo AI

    Co Rd 3187, Vernon, AZ 85940

    View on Map
    Claim this Listing
    New
    For Sale
    $213,900

    LAND - Vernon, AZ

    Type:Single Family Residence
    Lot size:
    26.60 Acres
    Added:
    May 22, 2026
    Days on Market:
    6
    Last Refresh:
    May 27 at 8:06 am

    Property Features for Co Rd 3187

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    106-71-021B
    Lot size
    26.60 Acres

    Taxes and HOA fees

    Tax Description
    SUBDIVISION APACHE WOODLAND ESTATES UNIT II LOT 21 SECTION 12 TOWNSHIP 10N RANGE 24E (P-21B) COMM. NW COR OF LOT 21, S 478.60, POB E 456.86, S 623.56, W 458.56, N 623.74, POB
    Tax Annual Amount
    1192

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Morgan J Knourek

    Listing agent Morgan J Knourek

    Listing office HomeSmart 8388 E Hartford Dr Ste 100, Scottsdale, AZ

    Listing date May 22, 2026

    MLS# 261318 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

    • 26.6 acres with 4 subdivided lots ready for development.
    • Suitable for multifamily living, multiple homes, or investment.
    • Fully fenced and heavily treed, offering privacy and beauty.
    • County‑maintained roads provide easy, year‑round access.
    • Gated entrance and easement road for convenient access.
    • Water available on the south side of the property.

    Overview

    This 26.6-acre property in Vernon, Arizona, presents an opportunity for various development options. The land is already subdivided into 4 lots. The property is fully fenced and features heavy tree cover, offering privacy. County-maintained roads provide year-round access. A gated entrance and easement road facilitate access throughout the acreage. Power can be sourced from neighboring lots, and metered water is available on the south side of the property. The property is suitable for multifamily living, multiple homes, or future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Vernon
    County
    Apache
    State
    Arizona
    Longitude
    -109.692
    Latitude
    34.2578

    Nearby Similar for Sale

    • $175,000
      512 SF

      Vernon, AZ Off-Grid Paradise

      5-acre parcel with tiny home, garage, and off-grid utilities.
      61 N8190, Vernon, AZ 85940
      View Details
    • $175,000
      512 SF

      Vernon, AZ Off-Grid Paradise

      5-acre parcel with tiny home and insulated garage.
      61 N8190, Vernon, AZ 85940
      View Details
    • $250,000

      Expansive Land with Mountain Views

      39.87 acres in Vernon, AZ with unobstructed mountain views.
      76 N3130, Vernon, AZ 85940
      View Details
    • $110,000

      Vernon Land with Building Potential

      6.31 acres of buildable land near Apache-Sitgreaves National Forest.
      133 N3314, Vernon, AZ 85940
      View Details
    • $77,000

      5 Acre Parcel with Pond

      Land with pond near downtown Vernon, Arizona.
      ACR N3263 Parcel 1, Vernon, AZ 85940
      View Details
    • $139,000

      Vernon, AZ Land Opportunity

      1.86-acre White Mountains retreat ready for your vision.
      9 CR, Vernon, AZ 85940
      View Details
    • $289,900

      Unfinished Barndominium in Vernon, Arizona

      Unfinished barndominium with approved plans on a one-acre lot.
      2 N County Road 3564, Vernon, AZ 85940
      View Details
    • $59,500

      8 Acres in Vernon, Arizona

      8-acre property in Vernon, Arizona, ideal for mountain living.
      CR N3109 & N3102, Vernon, AZ 85940
      View Details
    • $140,000

      Vernon Land with Mountain Views

      4.8-acre property with utilities in Mountain Pine Ranch subdivision.
      Mountain Pine Road lot: 20, Vernon, AZ 85940
      View Details
    • $179,500

      Land with Panoramic Mountain Views

      37.88 acres with stunning views and new septic.
      TBD N3410 N N3235, Vernon, AZ 85940
      View Details
    • $119,000

      Vernon Land with Septic, Power

      12-acre parcel with utilities, fenced, and mountain views.
      126 N3411, Vernon, AZ 85940
      View Details
    • $184,500

      Vernon, AZ Land For Sale

      Large lot suitable for residential or commercial use in Vernon.
      35555 US-60, Vernon, AZ 85940
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 26.6 acres with subdivided lots, ideal for development.
    Where is this residential land & home lot located?
    The property is located at Co Rd 3187 Vernon, AZ.
    What is the asking price?
    The asking price for this property is $213,900.
    What are key features of this property?
    This property features: 26.6 acres with 4 subdivided lots ready for development.; Suitable for multifamily living, multiple homes, or investment.; Fully fenced and heavily treed, offering privacy and beauty.
    (480) 258-2304
    We can help!
    Listing Contact
    Morgan J Knourek
    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
    Co Rd 3187, Vernon, AZ 85940
    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!