Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    250 W Mariposa Rd Nogales, AZ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Dominant shopping center serving Nogales, Arizona and Sonora, Mexico.

    Type:RETAIL
    Property size:
    20,000 SF
    Lot size:
    24.03 Acres
    Added:
    Jul 11, 2023
    Days on Market:
    1017
    Last Refresh:
    Apr 5 at 9:46 pm

    Property Features for 250 W Mariposa Rd

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Lot size
    24.03 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 250 W Mariposa Rd Contact us

    We can help!

    Listing Contact
    Alan Houston
    Alan Houston

    Listing agent Alan Houston

    Listing office SRS Real Estate Partners | Phoenix

    Listing date Jul 11, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | Phoenix

    Overview

    Mariposa Mall Retail Space

    The Mariposa Mall offers retail space currently occupied by Forever 21. The shopping center serves the combined trade area of Nogales, Arizona, and Nogales, Sonora, Mexico, with a combined population exceeding 308,000. The Nogales AZ Micropolitan area accounts for 47,669 residents, while Nogales, Sonora, Mexico, contributes 261,137 (Census 2020). The total number of personal pedestrian and personal vehicle passenger border crossings entering the US in the Nogales District for Q1 2023 was 5,811,000, exceeding the pre-pandemic Q1 2019 crossings of 5,782,000 (Source: Bureau of Transportation Statistics, US Dept. of Transportation). Retailers within the center and surrounding immediate area include The Home Depot, Walmart Supercenter, JC Penney, Ross, Marshall’s, Old Navy, Aeropostale, Nautica, Five Below, Shoe Carnival, Hobby Lobby, DD’s Discounts, Harbor Freight Tools, Big 5, Hibbett’s, and Dollar Tree. The property offers 20,000 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Forever 21 Women'S Clothing Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nogales
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -110.934
    Latitude
    31.3694

    Nearby Similar for Lease

    • $14/mo

      Retail Space Near US-Mexico Border

      Retail space available in Nogales, Arizona, near US-Mexico border.
      254-324 W Mariposa Rd, Nogales, AZ
      View Details
    • Contact for pricing

      Retail Space in Mariposa Mall

      50,213 SF retail space available for sublease in Nogales.
      300 West Mariposa Road, Nogales, AZ, 85621
      View Details
    • $14/mo

      Retail Space on Mariposa Road

      Shopping center space for lease near the US-Mexico border.
      230 West Mariposa Road, Nogales, AZ, 85621
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Plaza

      Retail space in a shopping center near the border crossing.
      470 North Grand Court Plaza, Nogales, AZ 85621
      View Details
    • Contact for pricing

      Retail Space on Grand Avenue

      Retail space available along Main Street in Nogales, Arizona.
      166 N Grand Ave, Nogales, AZ 85621
      View Details
    • $0.75/mo

      Warehouse/Manufacturing Space Near Port

      Warehouse/manufacturing space with dock doors, near Mariposa Port.
      1300 N Mariposa Ranch Rd, Nogales, AZ
      View Details
    • Contact for pricing

      Historic Building Near Border Crossing

      Unique retail space in downtown Nogales, near the border.
      40 N Morley Ave, Nogales, AZ
      View Details
    • $14/mo

      Retail Space Near US-Mexico Border

      Retail space available in Nogales, Arizona, near US-Mexico border.
      204-230 W Mariposa Rd, Nogales, AZ
      View Details
    • Contact for pricing

      Mariposa Mall Anchor Space

      Anchor space available for sublease in Mariposa Mall.
      300 W Mariposa Rd, Nogales, AZ 85621
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Dominant shopping center serving Nogales, Arizona and Sonora, Mexico.
    Where is this shopping mall located?
    The property is located at 250 W Mariposa Rd Nogales, AZ.
    What are key features of this property?
    This property features: Dominant shopping center serving a large trade area of over 308,000 people.; High volume of cross‑border traffic: over 5.8 million personal pedestrian and vehicle passenger crossings in Q1 2023.; Cross‑border traffic exceeds pre‑pandemic levels.
    (602) 377-7915 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alan Houston
    Alan Houston
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!