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    683 Main St San Luis, AZ 85349

    • Retail space
    • 4,500 SF
    • 0.63 lot acres
    For Lease
    View listing
    Last Sale
    Sep 01, 2023
    $1,200,000
    Value Estimations
    $1,065,000
    Cap Rate Potential
    4.2%
    Retail space
    Location Intelligence
    Property ID
    US07-1309065
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Renta de Vestidos Velvet / Clothing Store / Evening Dress Rental Service
    • Boost Mobile / Cell Phone Store

    Property Details for 683 Main St

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    0.63 lot acres
    Property size
    4,500 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    775-46-018
    APU
    77546018

    Description

    This exceptional retail property, located at 683 N. Main Street in San Luis, Arizona, offers a total of 7,525 square feet of versatile commercial space currently available for lease. The property is ideally suited for multiple tenants, with a minimum divisible space of 3,509 square feet and a maximum contiguous space of 4,016 square feet. The entire 7,525 square foot building is currently vacant, presenting a unique opportunity for a single large tenant or multiple smaller businesses seeking a prominent location. The address is easily accessible and benefits from high visibility on Main Street in San Luis, AZ, zip code 85349. This location provides excellent exposure to significant foot traffic and vehicular traffic, making it an ideal location for a variety of retail businesses. The property's size and layout offer flexibility for various business needs, allowing for customization to suit specific requirements. Interested parties are encouraged to inquire about lease terms and conditions. The property is situated at 32.4900105 latitude and -114.7817709 longitude. This prime retail space represents a compelling investment opportunity in a thriving Arizona market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,095,000
      ML approach
      $1,085,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $700,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $946,000
      Market price range: $259k - $971k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Luis
    County
    Yuma
    State
    Arizona
    Longitude
    -114.782
    Latitude
    32.49
    CBSA code
    49740
    CBSA name
    YUMA, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,482
    $14,569
    $43,452
    $58,021
    -
    $110,000
    $328,080
    $438,080

    Comparable in this City

    • Value Estimation
      $240,000
      5,220 SF

      522 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,220 SF
      522 Main St, San Luis, AZ 85336-0657
      View Details
    • Value Estimation
      $220,000
      6,550 SF

      542 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,550 SF
      542 Main St, San Luis, AZ 85336-0657
      View Details
    • Value Estimation
      $185,000
      5,650 SF

      639 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,650 SF
      639 Main St, San Luis, AZ 85336-0658
      View Details
    • Value Estimation
      $600,000
      10,680 SF

      527 Main St

      RETAIL STORES (PERSONAL SERVICES) • 10,680 SF
      527 Main St, San Luis, AZ 85336-0657
      View Details
    • Value Estimation
      $1,040,000
      7,500 SF

      510 Piceno Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,500 SF
      510 Piceno Dr, San Luis, AZ 85336-0774
      View Details
    • Value Estimation
      $270,000
      5,765 SF

      541 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,765 SF
      541 Main St, San Luis, AZ 85336-0657
      View Details
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    683 Main St
    San Luis, AZ 85349
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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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