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    1128 Circulo Mercado Nogales, AZ 85648

    • Commercial real estate
    • 7,530 SF
    • 0.56 lot acres
    For Sale
    View listing
    $980,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0707290
    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

    • Commercial real estate

    Property Details for 1128 Circulo Mercado

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    0.56 lot acres
    Property size
    7,530 SF
    Property type
    Commercial real estate
    APN
    114-50-111
    APU
    11450111

    Description

    This exceptional 7,530-square-foot commercial property in Rio Rico, Arizona, presents a unique investment opportunity. Located at 1128 Circulo Mercado, this well-maintained event center boasts 20+ foot ceilings, full insulation, and a comprehensive sprinkler system. The property is ADA compliant and features low-maintenance landscaping and 21 on-site parking spaces. Its versatile design makes it ideal for a variety of uses, including its current function as an event center for seminars, weddings, and other gatherings. Alternatively, its adaptable space could easily be converted into a bank, gym, pharmacy, daycare, restaurant, liquor store, clinic, repair shop, dispensary, or other commercial enterprise. Situated on a 0.56-acre lot, the property enjoys a highly visible location along the Rio Rico commercial strip, close to restaurants, a supermarket, bars, a post office, and other local businesses. Its proximity to Interstate 19 (one mile away) ensures excellent accessibility. The asking price for this remarkable property is $980,000. Join the thriving economic growth of Santa Cruz County and seize this exceptional opportunity. The property's zip code is 85648. Directions: Take Exit 17, proceed to Rio Rico West Frontage Road, turn right onto Circulo Mercado; the property is on the left.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $835,000
      Market price range: $359k - $1.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rico
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -111
    Latitude
    31.472
    CBSA code
    35700
    CBSA name
    NOGALES, AZ MICROPOLITAN 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
    0
    $0.00
    $13,173
    $60,334
    $73,507
    -
    $73,181
    $335,189
    $408,370

    Comparable in this City

    • Value Estimation by Request
      37.69 Acres

      153 Tubac

      Land • 37.69 Acres
      153 Tubac, Rio Rico, AZ 85648
      View Details
    • Value Estimation by Request
      1,331 SF

      2055 Frontage Rd

      COMMERCIAL (GENERAL) • 1,331 SF
      2055 Frontage Rd, Rio Rico, AZ 85648
      View Details
    • Value Estimation by Request
      1.17 Acres

      330-332 Calle Muelle

      Land • 1.17 Acres
      330-332 Calle Muelle, Rio Rico, AZ 85648
      View Details
    • Value Estimation by Request
      36.19 Acres

      800 Salero Cyn Rd

      Land • 36.19 Acres
      800 Salero Cyn Rd, Rio Rico, AZ 85648
      View Details
    • Value Estimation by Request
      1,706 SF

      1185 Circulo Mercado

      COMMERCIAL (GENERAL) • 1,706 SF
      1185 Circulo Mercado, Rio Rico, AZ 85648-6247
      View Details
    • Value Estimation by Request
      3.62 Acres

      837 Frontage Rd

      COMMERCIAL (GENERAL) • 3.62 Acres
      837 Frontage Rd, Rio Rico, AZ 85648-9675
      View Details

    Similar Nearby for Sale

    • $1,350,000
      360.00 Acres

      Rio Rico Ranchland: 360 Acres

      Prime Arizona acreage, stunning views, development potential.
      10 Morning Star Dr, Rio Rico, AZ 85648
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    • $219,000
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      Rio Rico Commercial Land - 37 Acres

      Prime 37-acre commercial land, stunning views.
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    • $299,990
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      Rio Rico Commercial Land

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    • $350,000
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      Rio Rico Commercial Land - 36 Acres

      Prime 36-acre commercial lot, ready to build.
      800 Salero Cyn Rd, Rio Rico, AZ 85648
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    • $980,000
      0.56 Acres

      Rio Rico Event Center - $980K

      7,530 SF Event Center, Prime Location
      1128 Circulo Mercado, Nogales, AZ 85648
      View Details
    • $139,000
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      Arizona Ranch Land - 36 Acres

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    Request Owner's contact information
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    1128 Circulo Mercado
    Nogales, AZ 85648
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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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