Property profile

42432 Us Hwy 60 Morristown, AZ 85342

OFF-MARKET
Commercial land
Property ID
US07-2668356
0.25 ac lot Built 2000
Individually Owned 22-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 2000
Construction STEEL FRAME
Lot 0.25 ac (10,702 SF)
Zoning code R-5
APN 503-26-002Y
UPID US07-2668356

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

42432 Us Hwy 60 Morristown, AZ 85342-9658
Morristown metro Census 40515 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2004
1 recorded transaction
2004
$62,000

Zoning & alternative use

R-5 · Morristown, AZ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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