Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10187 Mormon Rd Elfrida, AZ 85610
    Back to Search
    Property profile & analytics

    10187 Mormon Rd Elfrida, AZ 85610

    View on Map
    • Commercial real estate
    • 1,500 SF
    • 79.37 lot acres
    Off-Market
    Property ID
    US07-2357987
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10187 Mormon Rd

    Year built
    2018
    Lot size
    79.37 lot acres
    Property size
    1,500 SF
    Property type
    Commercial real estate
    APN
    403-37-009K

    Description

    Exceptional opportunity to acquire a highly productive 79.37-acre farm located at 10187 N Mormon Rd, Elfrida, Arizona, 85610. This property boasts a recently constructed (2018), single-story, 1,500 square foot home featuring three bedrooms and two bathrooms, ample storage, and an oversized screened porch offering stunning mountain views. The property also includes a 20' x 40' shop equipped with a bathroom, adding significant utility and storage space. Irrigation is facilitated by three wells, one of which has been upgraded to yield 400 gallons per minute; well records are available upon request. The irrigation system comprises three mini-pivots (one full circle, two half to three-quarter circles), and a diagram illustrating the system's layout is available for review. Significant land preparation has already been completed, including clearing, ripping, and ongoing disking. The seller has invested substantially in capital improvements to reinstate irrigation rights from the Arizona Department of Water Resources (ADWR), with the new Irrigation Authority numbers expected imminently. Offers should be structured to reflect this contingency. The property is zoned RU4 and is offered as a fee simple ownership. The APN is 403-37-009K. Some heavy equipment may be available for purchase separately. This turnkey operation presents a rare opportunity for agricultural investment in a desirable location. The asking price is $600,000, with a price per square foot of $400.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elfrida
    County
    Cochise
    State
    Arizona
    Longitude
    -109.67016182174
    Latitude
    31.673852981096

    Comparable in this City

    • $335,000
      77.00 Acres

      Agricultural Land with Water Rights

      77-acre agricultural property with water rights in Douglas AMA.
      N Mormon Rd, Elfrida, AZ 85610
      View Details
    • $350,000
      78.86 Acres

      78.86 Acres in Elfrida, AZ

      Expansive land with development potential in Elfrida, Arizona.
      3819 W Gleeson Rd, Elfrida, AZ 85610
      View Details
    • $335,000
      77.00 Acres

      Agricultural Land with Water Rights

      77-acre agricultural property with water rights in Elfrida, Arizona.
      N Mormon Rd, Elfrida, AZ 85610
      View Details
    • $36,000
      38.60 Acres

      38.6 Acres in Elfrida, AZ

      38.6 acre parcel with rolling hills and scenic views.
      38 +/- Acre On Rambling Rd, Elfrida, AZ 85610
      View Details
    • $125,000
      7,250 SF

      Commercial Building on 10 Acres

      Large commercial building on 10 acres near highway 191.
      10162 N Central Rd, Elfrida, AZ 85610
      View Details
    • $52,900
      36.16 Acres

      Land in Elfrida, Arizona

      36.16 acres of land with mountain views near Tombstone.
      W Stetson Dr, Elfrida, AZ 85610
      View Details

    Similar Nearby for Sale

    • $335,000
      77.00 Acres

      Agricultural Land with Water Rights

      77-acre agricultural property with water rights in Douglas AMA.
      N Mormon Rd, Elfrida, AZ 85610
      View Details
    • $350,000
      78.86 Acres

      78.86 Acres in Elfrida, AZ

      Expansive land with development potential in Elfrida, Arizona.
      3819 W Gleeson Rd, Elfrida, AZ 85610
      View Details
    • $335,000
      77.00 Acres

      Agricultural Land with Water Rights

      77-acre agricultural property with water rights in Elfrida, Arizona.
      N Mormon Rd, Elfrida, AZ 85610
      View Details
    • $36,000
      38.60 Acres

      38.6 Acres in Elfrida, AZ

      38.6 acre parcel with rolling hills and scenic views.
      38 +/- Acre On Rambling Rd, Elfrida, AZ 85610
      View Details
    • $125,000
      7,250 SF

      Commercial Building on 10 Acres

      Large commercial building on 10 acres near highway 191.
      10162 N Central Rd, Elfrida, AZ 85610
      View Details
    • $52,900
      36.16 Acres

      Land in Elfrida, Arizona

      36.16 acres of land with mountain views near Tombstone.
      W Stetson Dr, Elfrida, AZ 85610
      View Details
    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.
    10187 Mormon Rd
    Elfrida, AZ 85610
    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
    10187 Mormon Rd, Elfrida, AZ, 85610
    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!