Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    208 N Grand Ave Nogales, AZ 85621

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,477,000

    Prime retail location near the US-Mexico border in Nogales.

    Property size:
    2,154 SF
    Lot size:
    0.59 Acres

    Property Features for 208 N Grand Ave

    General Information

    Size
    2,154 SF
    Lot size
    0.59 Acres

    We can help!

    Listing Contact
    Bryan Ledbetter
    Source: Moodyscre

    Listing Agent: Bryan Ledbetter

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

    Learn more

    Property Insight Report

    Overview

    Retail Location in Nogales, Arizona

    This retail location is situated in a bustling community in Nogales, Arizona, just minutes from the US-Mexico border. The area benefits from a strong flow of cross-border traffic and a diverse local customer base. Nearby attractions include the Nogales Flea Market and the historic downtown area, which features shops and eateries. The property offers an opportunity for investment in a dynamic location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Filibertos Mexican Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Nogales
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -110.939801
    Latitude
    31.3363931

    Nearby Similar for Sale

    • $450,000
      5,369 SF

      Historic Fourplex in Downtown Nogales

      Charming 1915 fourplex near amenities in Arizona and Sonora.
      472 W Walnut St, Nogales, AZ 85621
      View Details
    • $2,400,000
      37,482 SF

      Established Retail and Office Center

      Retail and office commercial center in downtown Nogales, Arizona.
      441 N Grand Ave, Nogales, AZ 85621
      View Details
    • $6,000,000
      24,910 SF

      Downtown Nogales Commercial Block Portfolio

      Prime 1.72-acre commercial property in downtown Nogales, Arizona.
      152 N Terrace Ave, Nogales, AZ 85621
      View Details
    • $250,000
      1,296 SF

      Nogales Commercial Space For Sale

      Adaptable commercial space with high traffic flow in Nogales, Arizona.
      754 N Morley Ave, Nogales, AZ 85621
      View Details
    • $300,000
      7,460 SF

      Historical Building Near Border

      Historical building with business opportunities near the border.
      185 N Grand Ave, Nogales, AZ 85621
      View Details
    • $230,000
      Pending

      Nogales Triplex For New Investors

      Entry-level triplex with cash-flow potential in Nogales, Arizona.
      756 W Stephenson St, Nogales, AZ 85621
      View Details
    • $249,999
      4,580 SF

      Downtown Nogales Commercial Opportunity

      Prime commercial property in downtown Nogales with high visibility.
      65 N Grand Ave, Nogales, AZ 85621
      View Details
    • $899,999
      17,813 SF

      Nogales Commercial Building with Retail

      Commercial building with retail units and development opportunity in Nogales.
      142 N Grand Ave, Nogales, AZ 85621
      View Details
    • $250,000
      4,524 SF

      Nogales Warehouse For Sale

      Warehouse in central Nogales, ideal for logistics business.
      1122 N Bankerd Ave, Nogales, AZ 85621
      View Details
    • $250,000
      1,296 SF

      Nogales Office Duplex - Prime Location

      Dual Office Space, High Traffic Area, Huge Parking
      754 Morley Ave, Nogales, AZ 85621
      View Details
    • $899,999
      17,813 SF

      Nogales Retail Center - High Traffic Area

      Prime Retail Space, 6 Units, High Foot Traffic
      142 Grand Ave, Nogales, AZ 85621
      View Details
    • $3,000,000
      37,482 SF

      El Alamo Plaza: Nogales Retail Center

      Prime Nogales retail center, 37,482 sq ft, 2.06 acres.
      441 Grand Ave, Nogales, AZ 85621
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail location near the US-Mexico border in Nogales.
    Where is this retail space located?
    The property is located at 208 N Grand Ave Nogales, AZ.
    What is the asking price?
    The asking price for this property is $1,477,000.
    What are key features of this property?
    This property features: - Prime retail location in Nogales, Arizona; - Minutes from the US-Mexico border; - Strong flow of cross-border traffic
    (602) 778-3747
    Request Owner's contact information
    208 N Grand Ave Nogales, AZ 85621
    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.
    208 N Grand Ave
    Nogales, AZ 85621
    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
    208 N Grand Ave Nogales, AZ 85621
    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

    We can help!
    Listing Contact
    Bryan Ledbetter
    (602) 778-3747
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.