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    230 Mariposa Rd Nogales, AZ 85621
    Property profile & analytics

    230 Mariposa Rd, Nogales, AZ 85621

    View on Map
    • Neighborhood centers
    • 20,266 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mariposa Shopping Center / Shopping Center & Mall
    • Mariposa Shopping Center Parking lot / Parking Lot & Garage
    • Nogales Insurance Center & Mexico Auto Insurance / Insurance Agency
    • Annie Nail & Spa / Nail Salon

    Property Details for 230 Mariposa Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents five available spaces within the Mariposa Mall, a single-story strip center totaling 20,266 square feet. Located at 230 W Mariposa Rd, Nogales, AZ 85621, this property boasts a strategic location approximately three miles north of the US-Mexico border, benefiting from significant cross-border traffic. The minimum divisible space is 960 square feet, with a maximum contiguous space of 7,657 square feet currently available. A substantial 13,727 square feet is vacant, offering flexibility for various retail concepts. The property is situated on Mariposa Road and enjoys excellent visibility. The Nogales, Arizona trade area encompasses approximately 41,208 people, while the neighboring Nogales, Sonora, Mexico population is approximately 220,292 (Source: Claritas, 2010 census). This substantial combined population base, coupled with robust border traffic, creates a strong retail market. The area also features several national retailers, including a Super Walmart, Home Depot, and Safeway, further enhancing the location's appeal and drawing significant consumer traffic. This is an ideal investment for businesses seeking high visibility and access to a large consumer base in a dynamic border region. The property's address is easily accessible via Grand Ave.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nogales
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -110.936
    Latitude
    31.368

    Comparable in this City

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      25,845 SF

      Nogales Plz

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    • Value Estimation by Request
      9,831 SF

      441 Grand Ave

      SHOPPING CENTER, STRIP CENTER
      441 Grand Ave, Nogales, AZ 85621-2729
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    • Value Estimation
      $960,000
      25,157 SF

      350 Mariposa Rd

      SHOPPING CENTER, STRIP CENTER
      350 Mariposa Rd, Nogales, AZ 85621-1012
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      5,814 SF

      409 Baffert Dr

      SHOPPING CENTER, STRIP CENTER
      409 Baffert Dr, Nogales, AZ 85621-3402
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    • Value Estimation
      $615,000
      19,493 SF

      250 Mariposa Rd

      SHOPPING CENTER, STRIP CENTER
      250 Mariposa Rd, Nogales, AZ 85621-1041
      View Details
    • Value Estimation by Request
      8,576 SF

      132 Morley Ave

      DEPARTMENT STORE
      132 Morley Ave, Nogales, AZ 85621-3116
      View Details

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    Similar Nearby for Lease

    • $14 SF/Yr
      17,455 SF

      Retail Space on Mariposa Road

      Shopping center space for lease near the US-Mexico border.
      230 West Mariposa Rd, Nogales, AZ 85621
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      50,213 SF

      Retail Space in Mariposa Mall

      50,213 SF retail space available for sublease in Nogales.
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      2,500 SF

      Retail Space Near US-Mexico Border

      Retail space available in Nogales, Arizona, near US-Mexico border.
      254-324 W Mariposa Rd, Nogales, AZ 85621
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    • Contact for pricing
      20,000 SF

      Mariposa Mall Retail Space

      Dominant shopping center serving Nogales, Arizona and Sonora, Mexico.
      250 W Mariposa Rd, Nogales, AZ 85621
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      1,500 SF

      Nogales Plaza Retail Opportunity

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      Retail Space in High-Traffic Plaza

      Retail space in a shopping center near the border crossing.
      470 North Grand Court Plz, Nogales, AZ 85621
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    Nogales, AZ 85621
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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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    230 Mariposa Rd, Nogales, AZ, 85621
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