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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Banks
115 Grand Ave, Nogales, AZ 85621-3212
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0951893
Property summary
AI-generated overview
This exceptional retail property, located at 115 N Grand Ave in Nogales, Arizona, presents a unique investment opportunity. Boasting a highly desirable downtown location, this commercial space offers unparalleled visibility and accessibility. Situated on a 0.25-acre lot, the property features a generous square footage ranging from 2,500 to 5,178 square feet, providing ample space for a variety of retail ventures. Built in 1963, the building is zoned for General Commercial use, allowing for diverse business applications. Its strategic position just steps from the Deconcini Port of Entry ensures high vehicle and pedestrian traffic, maximizing exposure to a large customer base. The property also benefits from drive-thru capability, adding further convenience and appeal. The asking price is $1,025,000, and the APN is 101-43-075. This is an ideal location for businesses seeking high visibility and significant foot traffic in a bustling border town. Don't miss this chance to own a piece of Nogales' vibrant commercial landscape.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1963
Construction
CONCRETE
Total area
5,178 SF
Lot
0.25 ac (10,712 SF)
APN
101-43-075
UPID
US07-0951893
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ATM (Wells Fargo Bank) Atm
-
Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Jada S Properties LLC · 2 yrs held
Jada S Properties LLC
since 2024
Last sale
$603,835
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Nogales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nogales submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$605,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$620,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$535,000
Change: 0% · Conversion: Difficult
RESTAURANT
$425,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $604k (Jan 19 2024)
Last sale anchor
$604k
Jan 19 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$117 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$62,424
Assessed 2023
Previous assessed
$58,017
+7.6% YoY
Assessed land
$5,784
Assessed improvement
$56,640
Land market value
$32,136
Improvement market value
$314,669
Total market value
$346,805
Applied tax rate
150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
5,178 SF
Lot
0.25 ac (10,712 SF)
APN
101-43-075
UPID
US07-0951893
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$580,000
OFFICE BUILDING
Est. value
$535,000
RESTAURANT
Est. value
$425,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Jada S Properties LLC
Entity
Mailing address
16 N MORLEY AVE, NOGALES, AZ 85621-3114
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
$603,835
Jada S Properties LLC
Wells Fargo Bank NA
Special Warranty Deed
$500,000 · 1st Bank Yuma
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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