Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nogales Plz Nogales, AZ 85621
    Property profile & analytics

    Nogales Plz, Nogales, AZ 85621

    View on Map
    • Neighborhood centers
    • 25,845 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Nogales Plz

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Nogales Plaza, a single-story retail strip center in Nogales, Arizona (zip code 85621), offers 25,845 square feet of retail and restaurant space. Currently, 21,336 square feet is vacant, presenting a significant opportunity for multiple tenants. Individual spaces range from a minimum of 1,429 square feet to a maximum contiguous space of 9,985 square feet, providing flexibility for various business needs. Located in the heart of Nogales' major retail hub, this plaza benefits from a substantial customer base drawn from both the U.S. and Mexico sides of the border. Its convenient location within walking distance of a significant Sonora, Mexico trade area further enhances its appeal. The property's strategic position makes it ideal for a variety of retail, restaurant, and service businesses seeking to complement the existing successful tenants. Santa Cruz County location provides access to a diverse market. This is a prime opportunity to establish or expand a business in a thriving border town. The property is situated at Nogales Plaza in Nogales, Arizona.

    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
    -110.938
    Latitude
    31.3397

    Comparable in this City

    • Value Estimation by Request
      20,266 SF

      230 Mariposa Rd

      Neighborhood centers
      230 Mariposa Rd, Nogales, AZ 85621
      View Details
    • Value Estimation by Request
      9,831 SF

      441 Grand Ave

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

      350 Mariposa Rd

      SHOPPING CENTER, STRIP CENTER
      350 Mariposa Rd, Nogales, AZ 85621-1012
      View Details
    • Value Estimation by Request
      5,814 SF

      409 Baffert Dr

      SHOPPING CENTER, STRIP CENTER
      409 Baffert Dr, Nogales, AZ 85621-3402
      View Details
    • 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

    Similar Nearby for Sale

    • $250,000
      1,825 SF

      Nogales Retail Property: Prime Investment

      High-potential retail space, needs renovation.
      734 Morley Ave, Nogales, AZ 85621
      View Details
    • Contact for pricing
      37,482 SF

      Established Retail and Office Center

      Retail and office commercial center on 2.06 acres.
      441 N Grand Ave, Nogales, AZ 85621
      View Details
    • $2,400,000
      37,482 SF

      El Alamo Plaza Investment Opportunity

      Established retail and office center near the international border.
      441 N Grand Ave, Nogales, AZ 85621
      View Details
    • $899,999
      17,813 SF

      Nogales Commercial Building with Retail

      Commercial building with retail units and development opportunity in Nogales.
      142 N Grand Ave, Nogales, AZ 85621
      View Details
    • $6,000,000
      Pending

      Downtown Nogales Commercial Block Portfolio

      Prime 1.72-acre commercial property in downtown Nogales, Arizona.
      152 N Terrace Ave, Nogales, AZ 85621
      View Details
    • Contact for pricing

      Turnkey Restaurant Opportunity For Sale

      Fully equipped restaurant built in 2014, ready for new owner.
      112 W Cardwell St, Nogales, AZ 85621
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Nogales Plaza Retail Opportunity

      Retail spaces in Nogales' primary shopping hub, anchored by Food City.
      311-391 N Grand Court Plz, Nogales, AZ 85621
      View Details
    • Contact for pricing

      Downtown Nogales Commercial Opportunity

      Two-story commercial space in active downtown corridor, ideal for retail.
      57 North Morley Ave, Nogales, AZ 85621
      View Details
    • $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
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Plaza

      Retail space in a shopping center near the border crossing.
      470 North Grand Court Plz, Nogales, AZ 85621
      View Details
    • Contact for pricing
      6,697 SF

      Retail Space Near US-Mexico Border

      Retail space available in Nogales, Arizona, near US-Mexico border.
      204-230 W Mariposa Rd, Nogales, AZ 85621
      View Details
    • Contact for pricing
      50,213 SF

      Retail Space in Mariposa Mall

      50,213 SF retail space available for sublease in Nogales.
      300 West Mariposa Rd, Nogales, AZ 85621
      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.
    Nogales Plz
    Nogales, AZ 85621
    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
    Nogales Plz, Nogales, AZ, 85621
    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!