Multi-Tenant Storefront
New
For Sale
$1,250,000
2573 E 24th St, Yuma, AZ 85365
The property has LI (Light Industrial) zoning, paved parking, and one currently vacant suite.
Property Size5,000 SF
Lot Size0.90 Acres
Price / SF$250
Days on Market2
Property Features for 2573 E 24th St
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.90 Acres
Property subtype
Retail
Zoning
LI
Additional Details
Asking Price
$1,250,000
Highway Access
Yes
Amenities
paved on-site parking
ADA-accessible spaces
covered arcade entries
tile-roof storefronts
Building Details
Building Size
5,000 SF
Year Built
2007
Tenancy
Multi
Listing Agency:
A.T. Pancrazi Real Estate Services
Listed By:
Jonathan Matheus · License #AZ #SA556646000
(928) 261-8786
Source:
Pancrazirealestate
Added: Sep 9
Last Checked: Sep 9 at 4:13PM
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.
Built in 2007, this multi-tenant storefront property contains approximately 5,000 square feet on an approximately 0.9-acre site. The building is zoned LI (Light Industrial) and includes income-producing occupancy with one suite available for use or leasing. The vacant space features a customer-facing lobby, three private offices, an open common area, kitchen, restroom, and a large adaptable room suited to conference, showroom, or collaborative functions.
Paved on-site parking includes ADA-accessible spaces. Covered arcade entries and tile-roof storefronts add to the physical improvements, while access to I-8 and Highway 95 connects the property with major transportation routes in the Yuma area.
Paved on-site parking includes ADA-accessible spaces. Covered arcade entries and tile-roof storefronts add to the physical improvements, while access to I-8 and Highway 95 connects the property with major transportation routes in the Yuma area.
Key Highlights
- Approximately 5,000 SF multi‑tenant commercial building
- Approximately 0.9‑acre site with LI (Light Industrial) zoning
- One suite currently vacant with owner‑user or leasing flexibility
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
$50,697
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
4.06%
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%
$1,013,940
$1.0M
Cap Rate 7%
$724,243
$724.2K
Cap Rate 9%
$563,300
$563.3K
Market Conditions
NOI Build-Up for 5,000 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
$75.6K $15.12/SF
− Vacancy
−$3.2K −$0.64/SF
EGI
$72.4K $14.48/SF
− OpEx
−$21.7K −$4.35/SF
NOI
$50.7K $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%
$1,013,940
Cap Rate 7%
$724,243
Cap Rate 9%
$563,300
Alternative Uses
Best Use
Retail
$724.2K
$633.7K – $845.0K
NOI $50,697 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,769 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Home Improvements & Furnishings 39%
Interstate Batteries
Shops & Services
1,857 visits/mo
0.3 miles
84 Lumber
Home Improvements & Furnishings
1,192 visits/mo
0.2 miles
Demographics for 85365, AZ
50,166
Population
26,353
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
87%
High-School Grad
1,349.0 sq mi
ZIP Area
37
Density / Sq Mi
$68,358
Median Household Income
$40,107
Median Earnings
$1,259
Median Rent
$189,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The property has LI (Light Industrial) zoning, paved parking, and one currently vacant suite.
Where is this storefront property located?
The property is located at 2573 E 24th St Yuma, AZ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 5,000 SF multi‑tenant commercial building; Approximately 0.9‑acre site with LI (Light Industrial) zoning; One suite currently vacant with owner‑user or leasing flexibility
