Add Listing
    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

    142 N Grand Avenue Nogales, AZ 85621

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,999

    Commercial building with retail units and development opportunity in Nogales.

    Type:General Commercial
    Property size:
    17,813 SF
    Added:
    May 31, 2023
    Days on Market:
    1049
    Last Refresh:
    Apr 1 at 9:20 pm

    Property Features for 142 N Grand Avenue

    General Information

    Standard status
    Active
    Size
    17,813 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1905

    We can help!

    Listing Contact
    Janice Ranck

    Listing agent Janice Ranck

    Listing office Long Realty Tubac, Rio Rico, N

    Listing date May 31, 2023

    Source Xome

    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 Long Realty Tubac, Rio Rico, N

    Overview

    Nogales Commercial Building for Sale

    Located in the business district near the border in Nogales, Arizona, this commercial building for sale is situated near the intersection of W. Crawford St. and N. Grand Avenue. The property includes 6 retail rental units, with 3 currently available, presenting an opportunity for business development. The units are positioned along a city street with wide sidewalks in a high foot traffic area. The building also features a second full level space, spanning over 6,000 square feet from east to west above the rental units, accessible via a locked door stair-step from Unit A and along Grand Ave. The total area of the building and rental units is 17,813 square feet. The seller is open to discussing more details on the property and financing terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Border Pawn & Coin ... Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -110.9406071
    Latitude
    31.3351903

    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 Street, 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 Avenue, 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 Avenue, Nogales, AZ 85621
      View Details
    • $635,000
      5,919 SF

      Nogales Commercial Building For Sale

      Well-maintained commercial building with 28 offices and ample parking.
      32 Boulevard Del Rey David, 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 Avenue, 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 Avenue, Nogales, AZ 85621
      View Details
    • Contact for pricing
      2,154 SF

      Retail Location in Nogales, Arizona

      Prime retail location near the US-Mexico border in Nogales.
      208 N Grand Ave, Nogales, AZ
      View Details
    • $2,400,000
      37,482 SF

      Established Retail and Office Center

      Retail and office commercial center on 2.06 acres.
      441 N Grand Avenue, 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 Avenue, Nogales, AZ 85621
      View Details
    • $300,000
      7,460 SF

      Historical Mixed-Use Noon Building

      Historical building near the border with business and office opportunities.
      185 N Grand Avenue, Nogales, AZ 85621
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building with retail units and development opportunity in Nogales.
    Where is this retail space located?
    The property is located at 142 N Grand Avenue Nogales, AZ.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: Prime commercial location in the business district near the border in Nogales, AZ, at the intersection of W. Crawford St. and N. Grand Avenue.; Six retail rental units provide immediate income potential.; Three currently available units offer immediate business development opportunities.
    (520) 834-6392
    We can help!
    Listing Contact
    Janice Ranck
    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!