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

    Chevelon Canyon Ranch lot 363 Heber, AZ 85928

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Heber, AZ

    Type:Single Family Residence
    Lot size:
    41.00 Acres
    Added:
    Jul 11, 2025
    Days on Market:
    294
    Last Refresh:
    Apr 30 at 2:06 am

    Property Features for Chevelon Canyon Ranch lot 363

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    111-22-363
    Lot size
    41.00 Acres

    Taxes and HOA fees

    Tax Description
    CHEVELON CANYON RANCH UNIT 3:LOT 363, PER SURVEY 31-7 THRU 27. OUT OF 111-02-001D, 002A, 111-03-001D, 003, 111-06-001B, 004D, 005,111-07-002A, 003B, 006,007C, 008, 009 & 010B FOR2001ROLL
    Tax Annual Amount
    176

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Shanna L Reidhead
    Shanna L Reidhead

    Listing agent Shanna L Reidhead License #SA645003000

    Listing office Realty One Group - Gilbert 3530 S Val Vista Drive Suite 114, Gilbert, AZ

    Listing date Jul 11, 2025

    MLS# 257002 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.

    Overview

    Heber, AZ Land Opportunity

    This property features 41 acres of land suitable for farming, raising cattle, horses, and chickens. It offers opportunities for camping and building. The land provides ample space for recreational vehicles. A community well and maintained roads serve the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Heber
    County
    Coconino
    State
    Arizona
    Longitude
    -110.632
    Latitude
    34.4386

    Nearby Similar for Sale

    • $550,000

      Land Ready for Development

      6.4 acres in the White Mountains with utilities.
      2975 Canary Lane, Heber, AZ 85928
      View Details
    • $975,000
      4,911 SF

      Heber, AZ Commercial Opportunity

      Profitable business opportunity in Heber, Arizona with superb location.
      3407 Parkview, Heber, AZ 85928
      View Details
    • $225,000

      Acreage in White Mountains, Arizona

      3.62 acres with Ponderosa Pines, near Heber, Arizona.
      PAR 007H Chevelon Rd, Heber, AZ 85928
      View Details
    • $125,000

      Ready-to-Build Lot in Heber, AZ

      0.85 acre lot with utilities in Summer Place North.
      3344 Stone Bridge Trail, Heber, AZ 85928
      View Details
    • $78,900

      Treed Lot in Gated Community

      Beautiful treed lot in a gated community in Heber, AZ.
      3378 Windy Lane, Heber, AZ 85928
      View Details
    • $250,000

      Secluded Treed Land Parcel

      8-acre treed land parcel close to town.
      Bear Heights, Heber, AZ 85928
      View Details
    • $88,900

      Treed Lot in Gated Community

      Beautiful 0.78-acre treed lot in Heber, Arizona.
      3373 Whisper Lane, Heber, AZ 85928
      View Details
    • $88,900

      Heber, AZ Treed Lot

      Treed lot in gated Summer Place North community.
      3377 Whisper Lane, Heber, AZ 85928
      View Details
    • $70,000

      Heavily Treed Lot in Heber

      0.87-acre lot with sewer hookup and paved access.
      1462 Low Mountain Trail, Heber, AZ 85928
      View Details
    • $128,900

      Heber, AZ Treed Lot

      Treed lot in gated community with view potential.
      3369 Windy Lane, Heber, AZ 85928
      View Details
    • $264,900

      Heber Land with Canyon Views

      5-acre property with utilities, RV, and panoramic views.
      1740 Eskimo Lane, Heber, AZ 85928
      View Details
    • $125,000

      Heber, AZ Land Parcel

      Large 2.19 acre lot in Heber, Arizona.
      2925 Buckskin Canyon Rd, Heber, AZ 85928
      View Details

    FAQs

    What type of property is this?
    Farm - 41 acres for farming and recreation in Heber, Arizona.
    Where is this farm located?
    The property is located at Chevelon Canyon Ranch lot 363 Heber, 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: 41 Acres of Land, perfect for your dream property; Suitable for Farming, Cattle, Horses, and Chickens; Off‑Grid Living Potential
    (480) 650-4681
    We can help!
    Listing Contact
    Shanna L Reidhead
    Shanna L Reidhead
    Real Estate License ID: SA645003000
    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!