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Property profile & analytics
OFF-MARKET
Land

28 Patagonia Hwy Nogales, AZ 85621

132 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 132-acre property, located at 28 & 104 E. Patagonia Highway in Nogales, Arizona (zip code 85621), presents a unique investment opportunity. The land, identified by APN numbers 103-12-042A & 103-10-009A, is zoned for Mixed Use, specifically allowing for Multi-Family Residential (MFR) and Single Family Residential (SFR-12) development. Priced at $899,000, this translates to a land value of $7,537.88 per acre. The property boasts a gradually sloping terrain, promising future lots with stunning views of the city and surrounding mountains. Previously envisioned as a 95-lot residential subdivision (on approximately 104 acres), this infill project site is situated within established residential areas, offering immediate development potential. While a 2007 appraisal valued the land at over $3.5 million, the sellers are open to considering all offers and proposals. This prime location in Santa Cruz County offers significant upside for discerning investors seeking a substantial land acquisition in a growing Arizona market. The property's size and zoning flexibility make it ideal for a variety of residential development projects.

Property profile
Verified
Property type Land
Lot 132 ac (5,749,920 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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