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    1185 Redondo Ctr Dr, Unit 1 Yuma, AZ 85365-2036
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    Property profile & analytics

    1185 Redondo Ctr Dr, Unit 1 Yuma, AZ 85365-2036

    View on Map
    • Office buildings
    • 40,043 SF
    • 4.25 lot acres
    Off-Market
    Last Sale Nov 16, 2021
    $8,050,000
    Property ID
    US07-1544974
    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.
    Value Estimations
    $7,840,000
    Show details
    Cap Rate Potential
    8.7%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Arizona Department of Economic Security - Yuma / Employment Agency
    • Hopebridge Autism Therapy Center / Medical Clinic
    • Genoa Healthcare / Pharmacy
    • Horizon Health and Wellness / Medical Clinic
    • Yuma / Community Health Centre / Health Care Facility

    Property Details for 1185 Redondo Ctr Dr

    Year built
    2010
    Construction
    CONCRETE
    Lot size
    4.25 lot acres
    Property size
    40,043 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    665-13-104
    APU
    66513104

    Description

    This exceptional retail property, located at 1185 S Redondo Center Dr in Yuma, Arizona, offers a significant leasing opportunity. The building boasts a total of 40,043 square feet, with 10,075 square feet currently available for lease. This single-tenant space is ideally suited for a variety of retail businesses seeking a prominent location in Yuma County. The property's address is easily accessible and benefits from high visibility, ensuring strong foot traffic and brand recognition. The property type is classified as commercial retail. The precise configuration and layout of the available 10,075 square feet can be provided upon request, allowing potential tenants to envision their business within this space. Detailed specifications, including ceiling heights, loading dock access, and parking availability, are available for review. This prime location in Yuma, AZ, zip code 85365, presents a compelling opportunity for businesses looking to establish or expand their presence in a thriving market. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is situated at latitude 32.7065097 and longitude -114.6118587.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,515,000
      ML approach
      $7,570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,910,000
      6.5%
      $10,070,000
      7%
      $9,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,009,000
      Market price range: $3.78M - $22.8M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,965,000
      Current use
      RESTAURANT
      $11,920,000
      Change: -8% Conversion: Moderate
      MEDICAL BUILDING
      $10,825,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Arizona
    Longitude
    -114.612
    Latitude
    32.7063
    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
    $72,876
    $79,518
    $503,014
    $582,532
    -
    $759,033
    $4,801,493
    $5,560,526

    Comparable in this City

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    • Value Estimation
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      13,204 SF

      1235 Redondo Ctr Dr

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      View Details
    • Value Estimation
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      6,615 SF

      1850 20th St

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      View Details
    • Value Estimation
      $1,485,000
      7,776 SF

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      OFFICE BUILDING • 7,776 SF
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,192 SF

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      6900 SF office and warehouse space for lease.
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      View Details
    • $1,800,000

      Prime Yuma Office Building Investment

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      Warehouse and Office Space Available

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    • $4,015,788
      4.40 Acres

      Prime Commercial Land Parcel

      4.4 acres of vacant land in a rapidly developing area.
      0000 S Redondo Center Dr, Yuma, AZ 85365
      View Details
    • $3,000,417
      3.28 Acres

      Commercial Land in High-Traffic Location

      3.28 acres of commercial land in Yuma, Arizona.
      1501 S Redondo Center Dr, Yuma, AZ 85365
      View Details

    Similar Nearby for Lease

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      8,452 SF

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      Office spaces available from 1,140 to 9,500 square feet.
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      600 SF

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      Office space for rent with elevator and parking.
      2150-3150 S Winsor Ave, Yuma, AZ 85365
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      1,563 SF

      Yuma Office Space For Lease

      Office spaces for lease with great access and amenities.
      1448-1450 E 16Th St, Yuma, AZ 85365
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      Yuma Industrial Land Opportunity

      Industrial land available for customized build-to-suit near I-8.
      7800 E 30Th St, Yuma, AZ 85365
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      South Park Industrial Investment Opportunity

      Industrial property with multiple buildings, storage, and development potential.
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      2,155 SF

      Prime Retail Space in Yuma

      High-traffic retail space with national tenant synergy.
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      View Details
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    Yuma, AZ 85365-2036
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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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