Newer Mixed-Use Property with
For Sale
$1,350,000
714 W MAIN ST, Somerton, AZ 85350
MULTI-FAMILY, Somerton, AZ
Property Size4,763 SF
Lot Size1,707.09 Acres
Price / SF$283.43
Days on Market79
Property Features for 714 W MAIN ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Comm/Multi Fam
Bedrooms
8
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 8, Bathroom 1, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 5
Interior features
Smoke/Heat Det, D/Paned Windows, Range/Ovens, Refrigerators
Lot features
2-2.9 Ac
Subdivision
SOMERTON
Standard status
Active
Lot size
1,707.09 Acres
Taxes and HOA fees
Tax Description
Subdivision: LIMITLESS PURSUITS LOT TIE Lot: A Section: 34 Township: 09S Range: 24W
Legal Description
Subdivision: LIMITLESS PURSUITS LOT TIE Lot: A Section: 34 Township: 09S Range: 24W
Amenities
in-unit washer and dryer
ceiling fans
common outdoor gathering areas
covered ramadas
Building Details
Number of units
9
Building materials
Frame/Stucco
Roof type
Flat, Asphalt
Listing Agency:
Realty Executives McConnaughay · Realty Executives International
(928) 343-9415
Listed By:
Christine McConnaughay · License #BR036090000
(928) 580-3947
Added: Jun 24
Changed: Sep 3
Last Checked: Sep 10 at 10:06AM
MLS# 20262773
Copyright © 2026 Yuma Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2022, this mixed-use property combines eight residential units with a 590-square-foot commercial suite. The apartments total approximately 4,173 square feet and include ranges, refrigerators, in-unit stackable washers and dryers, wood-look tile flooring, granite counters, custom cabinetry, ceiling fans, and contemporary fixtures. Frame-and-stucco construction, flat asphalt roofing, and double-pane windows contribute to the property’s physical configuration. The site also includes paved parking, covered ramadas, outdoor gathering areas, and three designated food truck spaces.
Positioned at 714 W Main St in Somerton, the property sits along a well-traveled corridor with access to shopping, dining, schools, and major transportation routes. Commercial/multifamily zoning supports the existing combination of residential and commercial space. The property is offered with the eight-unit residential component and commercial suite in place, along with dedicated areas for food truck use.
Positioned at 714 W Main St in Somerton, the property sits along a well-traveled corridor with access to shopping, dining, schools, and major transportation routes. Commercial/multifamily zoning supports the existing combination of residential and commercial space. The property is offered with the eight-unit residential component and commercial suite in place, along with dedicated areas for food truck use.
Key Highlights
- Eight residential units completed in 2022
- Residential units total approximately 4,173 square feet
- 590‑square‑foot commercial suite included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,259
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,180
$1.5M
Cap Rate 7%
$1,060,843
$1.1M
Cap Rate 9%
$825,100
$825.1K
Market Conditions
NOI Build-Up for 4,763 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$138.3K $29.04/SF
− Vacancy
−$19.5K −$4.09/SF
EGI
$118.8K $24.95/SF
− OpEx
−$44.6K −$9.35/SF
NOI
$74.3K $15.59/SF
Area
Yuma County, AZ
Vacancy
14.10%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,180
Cap Rate 7%
$1,060,843
Cap Rate 9%
$825,100
Alternative Uses
Best Use
Mixed Use
$1.06M
$928.2K – $1.24M
NOI $74,259 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$134.5K
$117.7K – $156.9K
NOI $9,412 @ 7.0% cap · market cap 0.70%
Theoretical Best
Specialty Retail
$2.45M
$2.14M – $2.85M
NOI $171,248 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 85350, AZ
18,486
Population
6,421
Households
2.9
Avg Household Size
31
Median Age
15%
College-Educated
65%
High-School Grad
81.3 sq mi
ZIP Area
227
Density / Sq Mi
$72,115
Median Household Income
$34,506
Median Earnings
$864
Median Rent
$211,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight furnished residential units accompany a commercial suite in a property zoned for commercial and multifamily use.
Where is this mixed-use property located?
The property is located at 714 W MAIN ST Somerton, AZ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Eight residential units completed in 2022; Residential units total approximately 4,173 square feet; 590‑square‑foot commercial suite included
