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    142 N Grand Ave Nogales, AZ 85621
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    142 N Grand Ave, Nogales, AZ 85621

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    • Investment properties
    • 17,813 SF
    • 0.20 lot acres
    For Sale
    $899,999
    View Listing →
    Nogales Commercial Building with Retail For Sale
    $899,999
    17,813 SF

    Nogales Commercial Building with Retail

    Commercial building with retail units and development opportunity in Nogales.

    142 N Grand Avenue, Nogales, AZ 85621
    View Listing
    Property ID
    US07-3351328
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Border Pawn & Coin Inc / Discount Store / (Bike/Boat/Book/etc) Store

    Property Details for 142 N Grand Ave

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    0.20 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    101-50-029
    APU
    10150029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 26, 2008 — Mary E Willmeth Willmeth,phillip L Quit Claim Deed · related —
    — — Mary E Willmeth — Deed Of Trust · related $100k · Vandenbos-blackwell Tr (pt)
    — — Maria E Willmeth — Deed Of Trust · related $200k · Lee B Blackwell

    Description

    This exceptional commercial property, located at 142 N Grand Avenue in Nogales, Arizona, presents a lucrative investment opportunity. Situated in the bustling business district near the border, this retail center boasts a total of 17,813 square feet across two levels, strategically positioned near the intersection of W. Crawford St. and N. Grand Avenue. The ground floor comprises six retail rental units, three of which are currently available. These units benefit from high foot traffic due to their location on a city street with wide sidewalks. The upper level offers an expansive, open-plan space of over 6,000 square feet, accessible via a locked stairwell from Unit A and from the Grand Avenue side. This second level presents significant potential for expansion or additional rental income. The property sits on a 0.2-acre lot and is offered at $899,999. The seller is open to discussing property details and financing options. This is an excellent opportunity for investors seeking a strong return in a vibrant border town location. The property's size, location, and existing rental income stream make it an attractive proposition for both seasoned investors and those new to commercial real estate. Schedule a viewing to explore the full potential of this remarkable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $849,000
      Market price range: $850k - $3.27M

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

    Location Insight

    • Map
    • Local Demand
    City
    Nogales
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -110.941
    Latitude
    31.3352
    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
    $4,752
    $45,951
    $50,703
    -
    $26,400
    $255,283
    $281,683

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      Nogales Commercial Building for Sale

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    Similar Nearby for Lease

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      Retail Space on Mariposa Road

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      Downtown Nogales Commercial Opportunity

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      View Details
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    Nogales, AZ 85621
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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.

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