Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24Th St Yuma, AZ 85364
    Back to Search
    Property profile & analytics

    24Th St Yuma, AZ 85364

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 24Th St

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional investment opportunity encompasses two prime lots ideally situated at the northeast corner of Avenue C and 24th Street in Yuma, Arizona, zip code 85364. The combined asking price for both parcels is $726,000. Lot 10 boasts approximately 98,414 square feet, while Lot 14 offers approximately 28,575 square feet. This presents a significant land area with high potential for various development projects. The property's strategic location benefits from exceptional visibility and accessibility, underscored by a substantial traffic count of approximately 16,525 vehicles per day on 24th Street (data from 2018). The lots are conveniently located about two miles from the Yuma Regional Medical Center, offering proximity to a major healthcare facility. This presents a compelling investment opportunity in a growing area of Yuma County, Arizona. The property is classified as Special Purpose Land. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Arizona
    Longitude
    -114.667
    Latitude
    32.6838

    Comparable in this City

    • Value Estimation by Request
      45,798 SF

      0000 32Nd St

      Land • 45,798 SF
      0000 32Nd St, Yuma, AZ 85364
      View Details
    • Value Estimation by Request

      637 4Th Ave

      Land
      637 4Th Ave, Yuma, AZ 85364
      View Details
    • Value Estimation by Request
      2.00 Acres

      101 26th St

      CHARITABLE ORGANIZATION • 2.00 Acres
      101 26th St, Yuma, AZ 85364-7320
      View Details
    • Value Estimation by Request
      24.60 Acres

      2100 28th St

      CHARITABLE ORGANIZATION • 24.60 Acres
      2100 28th St, Yuma, AZ 85364-6938
      View Details
    • Value Estimation by Request
      0.15 Acres

      495 14th Ave

      CHARITABLE ORGANIZATION • 0.15 Acres
      495 14th Ave, Yuma, AZ 85364-1951
      View Details
    • Value Estimation by Request
      0.17 Acres

      374 15th Ave

      CHARITABLE ORGANIZATION • 0.17 Acres
      374 15th Ave, Yuma, AZ 85364-1940
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Commercial Property in Yuma, Arizona

      Commercial property for sale in Yuma, Arizona, 85364.
      1950 W 3Rd St, Yuma, AZ 85364
      View Details
    • $1,950,000

      Yuma Commercial Property for Sale

      Commercial property available for sale in Yuma, Arizona.
      1950 W 3Rd St, Yuma, AZ 85364
      View Details
    • $495,000
      22,243 SF

      Yuma Land Parcel For Sale

      Land parcel available in Yuma, Arizona.
      3010 S 4Th Ave, Yuma, AZ 85364
      View Details
    • Contact for pricing

      99 Acres in Tacna

      99 acres of land with I-8 visibility in Tacna.
      E & I-8, Yuma, AZ 85364
      View Details
    • Contact for pricing

      Land Parcels Near Athletic Complex

      Two land parcels near Pacific Avenue Athletic Complex for sale.
      8Th St, Yuma, AZ 85364
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Yuma, Arizona.
      1717 E 16Th St, Yuma, AZ 85364
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Avenue B Commercial Land Opportunity

      Prime commercial land for sale near major retailers.
      2446 W 20Th St, Yuma, AZ 85364
      View Details
    • Contact for pricing

      Yuma Medical/Professional Plaza Land

      Land for medical or professional development in Yuma, Arizona.
      2183 W 28Th St, Yuma, AZ 85364
      View Details
    • Contact for pricing

      Commercial Land For Lease

      High-traffic commercial land available for ground lease in Yuma.
      1640 S Arizona Ave, Yuma, AZ 85364
      View Details
    • Contact for pricing

      Yuma Premier Medical Plaza Land

      Land for medical or professional plaza in Yuma.
      2285 W 28Th St, Yuma, AZ 85364
      View Details
    • Contact for pricing

      Retail Space on 4th Avenue

      High-traffic retail space in established commercial area.
      2718 South 4Th Ave, Yuma, AZ 85364
      View Details
    • Contact for pricing
      22,651 SF

      Retail Plaza with Established Tenants

      Thriving retail plaza with diverse tenant mix and ample parking.
      1520 Avenue B S, Yuma, AZ 85364
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24Th St
    Yuma, AZ 85364
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24Th St, Yuma, AZ, 85364
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!