You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Land

215 Houston Mesa Rd Payson, AZ 85541

12.39 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12.39-acre property in Payson, Arizona, presents a prime opportunity for residential development. The land boasts pre-platted entitlements for an 83-lot single-family residential subdivision, offering a mix of lot sizes: 60' x 100' and 35' x 100'. The planned development includes 13 detached single-family residential lots and 70 attached townhome-style units, resulting in a density of 6.7 dwelling units per acre. Located at 215 W Houston Mesa Rd, Payson, AZ 85541 (APN: 302-35-007A & 302-35-252), this R1-6 & R-3 zoned land offers significant potential. All utilities are either available on-site or in close proximity. The seller may provide a final plat as part of the closing process, streamlining the development timeline. Given the limited availability of new housing development opportunities in Payson, this presents a unique and attractive investment prospect. The asking price for this ready-to-develop land is $1,875,000. This is a remarkable chance to capitalize on the growing demand for housing in this desirable Arizona location. The property is owned by Zane Grey Investments III, LLC.

Property profile
Verified
Property type Land
Lot 12.39 ac (539,708 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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 215 Houston Mesa Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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