Listing Agency: A.T. Pancrazi Real Estate Services Show Phone

Listed By: Thomas Pancrazi · License ##BR009183000 Show Phone

Source: Moodyscre

Added: Apr 5, 2021 Changed: Oct 3 Last Checked: Oct 24 at 9:30PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Las Palmillas Shopping Center is located adjacent to a regional shopping center with approximately 1,150,000 square feet. The shopping center offers a variety of local, regional, and national retailers. It is conveniently located between two major interstate interchanges, providing high visibility from both the interstate and arterial roads. Currently, there are five shop spaces available for lease and six pads available for sale. One of the available lots, Lot 4, has an area of approximately 16,036 square feet and is listed for $675,000. The maximum building area for this lot is approximately 6,000 square feet. The APN is 665-22-091.

Key Highlights

• Directly adjacent to Yuma Palms, a ±1,150,000 square foot Regional Shopping Center
• High interstate and arterial visibility
• Conveniently located between two major I‑8 interchanges

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,837

Cap Rate

8.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,216,740 $1.2M

Cap Rate 7%

$869,100 $869.1K

Cap Rate 9%

$675,967 $676.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$90.7K $15.12/SF

− Vacancy

−$3.8K −$0.64/SF

EGI

$86.9K $14.48/SF

− OpEx

−$26.1K −$4.35/SF

NOI

$60.8K $10.14/SF

Area

Yuma County, AZ

Vacancy

4.20%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,216,740

Cap Rate 7%

$869,100

Cap Rate 9%

$675,967

Alternative Uses

Best Use

Retail

$869.1K

$760.5K – $1.01M (±1% cap)

NOI $60,837 @ 7.0% cap · market cap 8.11%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.08M

$2.70M – $3.60M (±1% cap)

NOI $215,722 @ 7.0% cap · market cap 28.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Grocery & Convenience Store Catering Service (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

470

Businesses Nearby

537k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 30% Shops & Services 20% Superstores 18% Home Improvements & Furnishings 14%

Target Superstores

98,208 visits/mo 0.2 miles

Kohl's Apparel

47,192 visits/mo 0.2 miles

The Home Depot Home Improvements & Furnishings

47,130 visits/mo 0.2 miles

Harkins Theatres Yuma Palms Leisure

42,888 visits/mo 0.3 miles

JCPenney Apparel

42,690 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar For Sale Nearby

See more

Retail Pad Site For Sale

1130 S Castle Dome Ave, Yuma, AZ

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Two-Story Office Building

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2-Unit Duplex

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View details

Similar Off Market Nearby

• Yuma Plaza — 1620 S Pacific Ave, Yuma, AZ 85365
• Vendor Village Yuma Palms — 1400 Blk Parkway, Yuma, AZ 85365
• Yuma Palms Regional Center — 1305 Yuma Palms Pkwy, Yuma, AZ 85365
• Yuma Community Farmers Market — 1496 yuma palms pkwy, yuma, az 85365
• Pacific Plaza — 1335 S Pacific Ave # 206, Yuma, AZ 85365

Frequently Asked Questions

What type of property is this?

Shopping center - Retail pads available for sale near regional shopping center.

Where is this shopping center located?

The property is located at 1208 S Castle Dome Ave Yuma, AZ.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Directly adjacent to Yuma Palms, a ±1,150,000 square foot Regional Shopping Center; High interstate and arterial visibility; Conveniently located between two major I‑8 interchanges