Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    23.52 Acres Commercial Land ForSale Title is generated by Realmo AI

    1195 E 16th St, Yuma, AZ

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    23.52 acre lot zoned AG, located off 16th Street.

    Type:LAND
    Lot size:
    23.52 Acres
    Added:
    Oct 2, 2020
    Days on Market:
    2072
    Last Refresh:
    May 20 at 9:21 pm

    Property Features for 1195 E 16th St

    General Information

    Standard status
    Active
    Lot size
    23.52 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Thomas Pancrazi
    Thomas Pancrazi

    Listing agent Thomas Pancrazi License ##BR009183000

    Listing office A.T. Pancrazi Real Estate Services

    Listing date Oct 2, 2020

    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 A.T. Pancrazi Real Estate Services

    HighLights

    • Approximately 23.52 acres of land
    • Prime location directly off 16th Street
    • Zoned AG (Agricultural)
    • High visibility: Located next to McDonald's
    • Lot for sale
    • Priced at $2,100,000

    Overview

    This is a 23.52-acre lot for sale, located directly off 16th Street. The property is zoned AG and is located next to a McDonald's.
    Property Profile Location Intelligence

    Current Use by Public Records

    McDonald's Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply 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
    Yuma
    County
    Yuma
    State
    Arizona
    Longitude
    -114.609
    Latitude
    32.698

    Nearby Similar for Sale

    • $285,000

      Live-Work Office and Workshop

      Two connected buildings offer office-ready rooms and a workshop setup, with commercial-residential zoning in Yuma, AZ.
      897 S 5 AVE, Yuma, AZ 85364
      View Details
    • $139,000
      6,500 SF

      Corner Commercial Lot

      B-1 zoned corner lot in Yuma with convenient freeway access for retail and personal service uses.
      701 W 1 ST, Yuma, AZ 85364-1307
      View Details
    • $105,000
      2,739 SF

      Fully Improved RV Lot

      North-facing RV lot with landscaped grounds, auto-irrigation, and paved parking plus outdoor structures for entertaining.
      3400 S AVE 7 E lot: #329, Yuma, AZ 85365
      View Details
    • $138,900
      2,739 SF

      Deeded RV Lot with Casita

      Deeded lot in a 55+ gated resort with full RV hook-ups and an on-site casita for flexible stays.
      3400 S AVE 7 E lot: #436, Yuma, AZ 85365
      View Details
    • $638,000

      Yuma Bar/Tavern Opportunity

      Bar/Tavern with rustic charm and Western hospitality.
      2545 W 16 ST, Yuma, AZ 85364
      View Details
    • $245,000
      14,404 SF

      Residential Land with Sheds, Casita

      Double lot with sheds, container, and casita in Yuma.
      14415 E 29 PL, Yuma, AZ 85367
      View Details
    • $4,015,788
      191,228 SF

      Level Buildable Commercial Land

      A level, buildable parcel zoned B-2 with visibility from major roads for a range of development uses.
      S Redondo Center Dr., Yuma, AZ 85365
      View Details
    • $3,750,000

      Turnkey Farm in Yuma, Arizona

      160-acre farm with two wells and highway access.
      2981 E COUNTY 18 ST, Yuma, AZ 85365
      View Details
    • $650,000

      Multifamily Property with Four Homes

      Four rental homes on MFR-zoned land in Yuma, Arizona.
      584 S AVE B, Yuma, AZ 85364
      View Details
    • $3,000,417
      142,877 SF

      B-2 Zoned Commercial Land

      Commercial land parcel well-suited for a range of B-2 projects near major retail and office activity.
      1501 S Redondo Center Dr., Yuma, AZ 85365
      View Details
    • $120,000
      3,258 SF

      Perimeter RV Resort Lot

      Move-on ready perimeter lot with full hook-ups and an included gazebo, located within a 55+ gated resort community.
      3400 S AVE 7 E lot: #42, Yuma, AZ 85365
      View Details
    • $299,000
      2,261 SF

      Yuma Commercial Land For Sale

      Commercial land with a 2,261 sq.ft. home in Yuma.
      3888 S 4 AVE, Yuma, AZ 85365
      View Details

    FAQs

    What type of property is this?
    Land - 23.52 acre lot zoned AG, located off 16th Street.
    Where is this land located?
    The property is located at 1195 E 16th St Yuma, AZ.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Approximately 23.52 acres of land; Prime location directly off 16th Street; Zoned AG (Agricultural)
    (928) 246-0008 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Pancrazi
    Thomas Pancrazi
    Real Estate License ID: #BR009183000
    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

    Thank You for Inquiry
    1195 E 16th St, Yuma, AZ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!