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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Commercial land
3555 Beaver Crk Rd Rimrock, AZ 86335
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-3361129
Property summary
AI-generated overview
This exceptional 8.4-acre parcel in Lake Montezuma, Arizona (APN 405-14-036A), presents a remarkable opportunity to acquire a pre-approved 52-unit apartment community. Situated on Beaver Creek Road in Yavapai County, this C2-1 zoned land boasts a prime location within Arizona's Verde Valley wine region. The development plan includes 28 one-bedroom, one-bathroom units and 24 two-bedroom, two-bathroom units, each averaging 1,026 square feet of livable space (subject to change). The project features a comprehensive amenity package, including a 2,335-square-foot clubhouse, swimming pool and spa, playground, and two dog runs. Ample parking is provided with 129 spaces (2.48 spaces per unit). All utilities will be available upon closing. The project density is 6.12 units per acre. This is a single-story development, offering convenient and accessible living. The asking price is $850,000. All cash offers are welcome.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
8.17 ac (355,885 SF)
APN
405-14-036A
UPID
US07-3361129
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Zane Grey Investment III LLC · 2 yrs held
Zane Grey Investment III LLC
since 2024
Last sale
$650,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rimrock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rimrock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Mar 29 2024)
Last sale anchor
$650k
Mar 29 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,900
Tax year 2022
Assessed value
$23,488
Assessed 2025
Previous assessed
$23,488
+0.0% YoY
Effective rate
8.09%
On assessed value
Assessed land
$23,488
Land market value
$156,589
Total market value
$156,589
Applied tax rate
2,690.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
8.17 ac (355,885 SF)
APN
405-14-036A
UPID
US07-3361129
Jurisdiction
YAVAPAI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
8.17 ac
Current owner
From public records · entity-resolved
Zane Grey Investment III LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
—
Zane Grey Investment III LLC
Zana Grey Investment III LLC
Intrafamily Transfer
related
—
Jun 27, 2023
$650,000
Zane Grey Investments III LLC
Jesse Sharp Investments LLC
Warranty Deed
$210,000 · Craig L Curtis Living Trust
Mar 28, 2022
—
Jesse Sharp Investments LLC
Genesis Land & Holding Company LLC
Quit Claim Deed
related
—
Mar 17, 2022
—
Jesse Sharp Investments LLC
Genesis Land & Holding Company LLC
Re-recorded Document
related
$175,000 · Paul A Berndt Living Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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