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    00000 Ave 40 Colfred, AZ 85352

    • Specialty properties
    • 39,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 00000 Ave 40

    Property size
    39,000 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 39,000 square foot commercial land parcel presents a unique investment opportunity in Tacna, Arizona. Located at 00000 AVE 40 E, 85352, this property boasts a prime location off the main paved road, offering excellent visibility and accessibility. The lot extends from Colorado Avenue to Missouri Avenue, providing ample space for development. Its C-2 zoning allows for a wide variety of commercial uses, including retail, wholesale, trades, services, and community businesses not typically found in other commercial districts. This versatility makes it ideal for a strip mall, a stand-alone fast-food restaurant, or a combination of both. While utilities are not currently connected to the lot, Tacna Water services the area, and utilities are active on adjacent properties. The buyer has the option to arrange for natural gas service; a natural gas line is conveniently located nearby, north of the railroad tracks on the south side of the frontage road at 40th Avenue East, directly across from the Post Office. This property represents a significant opportunity for developers seeking a large, well-situated parcel in a growing area. The asking price is $274,500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colfred
    County
    Yuma
    State
    Arizona
    Longitude
    -113.864
    Latitude
    32.6867

    Comparable in this City

    • Value Estimation
      $160,000
      2,400 SF

      Tacna, AZ 85352

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      Tacna, AZ 85352
      View Details
    • Value Estimation
      $260,000
      4,000 SF

      39624 Hwy 80

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,000 SF
      39624 Hwy 80, Tacna, AZ 85352-0048
      View Details
    • Value Estimation
      $275,000
      5,100 SF

      8575 Ave 40th E

      RESTAURANT • 5,100 SF
      8575 Ave 40th E, Tacna, AZ 85352-0045
      View Details
    • Value Estimation
      $150,000
      2,400 SF

      39688 Hwy 80

      GROCERY, SUPERMARKET • 2,400 SF
      39688 Hwy 80, Tacna, AZ 85352-0048
      View Details
    • Value Estimation
      $235,000
      4,800 SF

      39780 Hwy 80

      MOTEL • 4,800 SF
      39780 Hwy 80, Tacna, AZ 85352
      View Details
    • Value Estimation by Request

      437 Ave 49th E

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      437 Ave 49th E, Tacna, AZ 85352
      View Details

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    00000 Ave 40
    Colfred, AZ 85352
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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.

    More about this property
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