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    Corner Flex Warehouse with Offices Title is generated by Realmo AI

    3200 W COUNTY 15 ST, Somerton, AZ 85350

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    For Sale
    $800,500

    COMMERCIAL - Somerton, AZ

    Property size:
    10,919 SF
    Lot size:
    1,710.95 Acres
    Price / SF:
    $73/SF
    Added:
    Jun 4, 2024
    Days on Market:
    730
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 3200 W COUNTY 15 ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1,710.95 Acres

    Taxes and HOA fees

    Tax Description
    Section: 29 Township: 09S Range: 23W S 233 FT OF W 330 FT OF S2 SW4 SW4 EXC E 160 FT

    We can help!

    Listing Contact
    Dixie Rojas

    Listing agent Dixie Rojas

    Listing office Realty Executives 1690 S 4th Ave, Phoenix, AZ

    Listing date Jun 4, 2024

    MLS# 20242501

    Copyright © 2026 Yuma Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Corner commercial/warehouse property with an office and storage space
    • Office building features 1,247 sq ft (2nd floor) and 1,667 sq ft (ground floor), built in 2006
    • Warehouse space totals 4,607 sq ft and includes its own office
    • Cabinet shop includes 756 sq ft (2nd‑level office/apartment) and 2,642 sq ft (ground level), built in 1974

    Overview

    The property combines warehouse storage with dedicated office space and a separate cabinet shop. The newer office improvements were built in 2006, including 1,247 square feet on the second floor and 1,667 square feet on the ground floor. A separate 4,607 square foot warehouse includes its own office area, providing an on-site workspace for operations and coordination.

    The cabinet shop was built in 1974 and includes a second-level office or apartment of 756 square feet, as well as 2,642 square feet on the ground level. As a corner property, it offers a layout designed for commercial storage and working space within the same site.

    This configuration can fit a range of users that want warehouse capacity alongside built-out office functions, such as storage-focused businesses, light manufacturing, or operators needing both shop and administrative space. The presence of multiple office areas within the office improvements, warehouse office, and the cabinet shop supports flexible internal use while keeping work and management in the same property footprint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Food Market Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerton
    County
    Yuma
    State
    Arizona
    Longitude
    -114.649482
    Latitude
    32.6114528

    Nearby Similar for Sale

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      Gas Station with Convenience Store and Car Wash

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      611 E MAIN ST, Somerton, AZ 85350
      View Details
    • $200,000

      Main Street Storefront Opportunity

      Storefront property on Main Street with city-adjacent public parking and interior space needing remodeling for tenant customization.
      227 W MAIN ST, Somerton, AZ 85350
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    FAQs

    What type of property is this?
    Flex space - Corner commercial warehouse setup with office space and a separately improved cabinet shop with office/apartment.
    Where is this flex space located?
    The property is located at 3200 W COUNTY 15 ST Somerton, AZ.
    What is the asking price?
    The asking price for this property is $800,500.
    What are key features of this property?
    This property features: Corner commercial/warehouse property with an office and storage space; Office building features 1,247 sq ft (2nd floor) and 1,667 sq ft (ground floor), built in 2006; Warehouse space totals 4,607 sq ft and includes its own office
    (928) 446-1955
    We can help!
    Listing Contact
    Dixie Rojas
    Request Owner's contact information
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    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.

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    3200 W COUNTY 15 ST, Somerton, AZ 85350
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