Building Details

Buildings 1

Listing Agency: West USA Realty d*@westusa.com Show Phone

Listed By: Jacqueline Ruby Show Phone

Source: Exprealty

Added: Sep 12 Changed: Sep 16 Last Checked: Sep 16 at 2:11PM

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Investment Insights

Based on property information with market context.

This existing storefront property includes approximately 4,000 square feet within a commercial building on a lot exceeding 20,250 square feet. The corner configuration, main-street setting, and on-site parking provide practical features for a retail-oriented operation or other commercial use supported by the building’s storefront format.

The property is located at 29190 Los Angeles Ave in Wellton, Arizona, in the community’s midtown area. It is approximately 35 minutes from the Yuma foothills and a short drive from the Interstate. The site’s central setting and straightforward access connect the building with Wellton’s surrounding agricultural, residential, and recreational activity.

Key Highlights

• Approximately 4,000 SF commercial storefront building
• Lot size exceeds 20,250 SF
• Corner property on a main street

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

$40,558

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

7.38%

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%

$811,160 $811.2K

Cap Rate 7%

$579,400 $579.4K

Cap Rate 9%

$450,644 $450.6K

Market Conditions

NOI Build-Up for 4,000 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

$60.5K $15.12/SF

− Vacancy

−$2.5K −$0.64/SF

EGI

$57.9K $14.48/SF

− OpEx

−$17.4K −$4.35/SF

NOI

$40.6K $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%

$811,160

Cap Rate 7%

$579,400

Cap Rate 9%

$450,644

Alternative Uses

Best Use

Retail

$579.4K

$507.0K – $676.0K (±1% cap)

NOI $40,558 @ 7.0% cap · market cap 7.38%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.05M

$1.80M – $2.40M (±1% cap)

NOI $143,815 @ 7.0% cap · market cap 26.15%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Family Liquidator Liquidator Mota's Store Department Store

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Parts Store Grocery & Convenience Store Pharmacy Nail Salon

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

140

Businesses Nearby

13k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Circle K Shops & Services

7,455 visits/mo 0.1 miles

Dollar General Shops & Services

3,924 visits/mo 0.4 miles

National Bank Of Arizona Shops & Services

1,415 visits/mo 0.2 miles

Napa Auto Parts Shops & Services

423 visits/mo 0.5 miles

Demographics for 85356, AZ

3,487

Population

2,781

Households

1.3

Avg Household Size

60

Median Age

19%

College-Educated

80%

High-School Grad

180.5 sq mi

ZIP Area

19

Density / Sq Mi

$56,447

Median Household Income

$35,357

Median Earnings

$731

Median Rent

$116,900

Median Home Value

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

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Storefront property - Commercial building with main-street positioning, corner exposure, convenient access, and on-site parking.

Where is this storefront property located?

The property is located at 29190 Los Angeles Ave Wellton, AZ.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: Approximately 4,000 SF commercial storefront building; Lot size exceeds 20,250 SF; Corner property on a main street