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    S Senator Highway Prescott, AZ 86303

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    Claim this Listing
    For Sale
    $3,400,000

    LAND - Prescott, AZ

    Lot size:
    221.11 Acres
    Added:
    Jun 12, 2024
    Days on Market:
    687
    Last Refresh:
    Apr 29 at 7:06 pm

    Property Features for S Senator Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RC2UA
    Standard status
    Active
    Lot size
    221.11 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    HASSAYAMPA MINING DISTRICT BEING ALL OF SENATOR PER MS 176, SENAT OR SOUTH EXTENSION PER MS 177, CHERRY PER MS 962, TEN SPOT PER MS 963, SNOOZER PER MS 964, CASCADE PER MS 965, WEST POINT PER MS 9 75, BOOMERANG AND TREDWELL PER MS 1288, SKY LIGHT PER MS 1289, LE WIS PER MS 1291, GREAT DIVIDE PER MS 1457, GOLD DUST PER MS 1458, CASHIER PER MS 1459, SENATOR NO. 2 PER MS 1460A & SENATOR NO. 2 MILLSITE PER MS 1460B LESS THAT PORTION OF WALKER AND SENATOR GRA NTED PER EASE 2021-0066053 TO YAVAPAI COUNTY, BEING 8 DISCONTIGUO US PARCELS GROSS AREA: 221.11AC EASE AREA: 5.05 AC NET ARE A: 216.06 AC
    Tax Annual Amount
    3882

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Matthew Fish

    Listing agent Matthew Fish

    Listing office Arizona Commercial 122 N. Cortez St. Suite #300, Phoenix, AZ

    Listing date Jun 12, 2024

    MLS# 1065415 Listing URL

    Copyright © 2026 Prescott Area 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

    221 Acres Near Senator Mine

    Located approximately 10 miles south of Prescott along Senator Highway, this 221.11-acre property surrounds the inactive Senator gold mine. The mine, initially opened around 1871, primarily operated between 1883 and 1899, yielding gold, lead, zinc, copper, and silver. Historically, a mining town with a saloon, store, and boarding house supported the mining operations along the Hassayampa River. In the 1890s, Phelps Dodge acquired the mine, transforming the settlement into a small town. The property, zoned RCU-2A, allows for single-family residential subdivision development with minimum lot sizes of two acres. The sale includes the mining claims, which will be conveyed with the land. Potential uses for the property include a public park, wildlife preserve, educational institution research site, religious summer camp, corporate retreat, or nature preserve. Alternatively, it can be privately held as a ranch, family retreat, or land banked for future use. The location is currently popular with hikers and mountain bikers, presenting an opportunity for a citizens group or non-profit to purchase and preserve the property.
    Location Intelligence

    Current Use by Public Records

    Mining land & claims

    Map

    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.4623767
    Latitude
    34.527003

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    FAQs

    What type of property is this?
    Mining land & claim - 221 acres near historic Senator Mine in Prescott, Arizona.
    Where is this mining land & claim located?
    The property is located at S Senator Highway Prescott, AZ.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 221 acres of land surrounding the historic Senator gold mine.; Mining claims are included in the sale.; Located in a picturesque, hilly, and wooded area along Senator Highway, 10 miles south of Prescott.
    (480) 309-1089
    We can help!
    Listing Contact
    Matthew Fish
    Learn More
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    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
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