Retail Pads Available For
For Sale
Contact for pricing
1208 S Castle Dome Ave, Yuma, AZ
Retail pads available for sale near regional shopping center.
Property Size6,000 SF
Lot Size31.16 Acres
Price / SF$125
Days on Market1983
Property Features for 1208 S Castle Dome Ave
General Information
Standard status
Active
Size
6,000 SF
Lot size
31.16 Acres
Property subtype
RETAIL
Listing Agency:
A.T. Pancrazi Real Estate Services
(928) 782-0000
Listed By:
Thomas Pancrazi · License ##BR009183000
(928) 246-0008
Source:
Moodyscre
Added: Apr 5, 2021
Changed: Aug 16
Last Checked: Sep 8 at 10:54AM
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
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 = 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
$60,837
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
8.11%
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%
$1,216,740
$1.2M
Cap Rate 7%
$869,100
$869.1K
Cap Rate 9%
$675,967
$676.0K
Market Conditions
NOI Build-Up for 6,000 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
$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 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%
$1,216,740
Cap Rate 7%
$869,100
Cap Rate 9%
$675,967
Alternative Uses
Best Use
Retail
$869.1K
$760.5K – $1.01M
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
NOI $215,722 @ 7.0% cap · market cap 28.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
