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    1502 Fry Blvd Sierra Vista, AZ 85635-2746
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    Property profile & analytics

    1502 Fry Blvd, Sierra Vista, AZ 85635-2746

    View on Map
    • Retail space
    • 3,600 SF
    • 0.31 lot acres
    Off-Market
    Last Sale Apr 17, 2020
    $360,000
    Property ID
    US07-0956489
    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

    • Farmers Insurance - Carrie Aguillon / Insurance Agency
    • Chapter II / (Bike/Boat/Book/etc) Store
    • Spencer Christian Ray / Physician
    • Sierra Vista Vision / Physician
    • Spencer C. Ray, OD / Physician

    Property Details for 1502 Fry Blvd

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.31 lot acres
    Property type
    Retail space
    APN
    105-07-007D
    APU
    10507007D

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 27, 2025 — Francis Living Trust Virginia L Francis Deed · related —
    Apr 17, 2020 $360,000 Surn LLC Michaels Living Trust Warranty Deed $288k · National Bk/az
    May 20, 2005 — Robert R Rodriguez Michaels Trust Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sierra Vista
    County
    Cochise
    State
    Arizona
    Longitude
    -110.282
    Latitude
    31.5543
    CBSA code
    43420
    CBSA name
    SIERRA VISTA-DOUGLAS, 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
    2023
    $3,129
    $11,918
    $28,107
    $40,025
    -
    $79,453
    $187,377
    $266,830

    Comparable in this City

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      11,369 SF

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      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
      2,400 SF

      Sierra Vista, AZ 85635

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    • Value Estimation by Request
      2,240 SF

      203 Cyn Dr

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      203 Cyn Dr, Sierra Vista, AZ 85635-1517
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    • Value Estimation
      $545,000
      5,246 SF

      1697 Fry Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1697 Fry Blvd, Sierra Vista, AZ 85635-2780
      View Details
    • Value Estimation
      $735,000
      11,085 SF

      2270 Fry Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2270 Fry Blvd, Sierra Vista, AZ 85635-2722
      View Details
    • Value Estimation by Request
      5,045 SF

      1100 Hwy 92

      RETAIL STORES (PERSONAL SERVICES)
      1100 Hwy 92, Sierra Vista, AZ 85635-4293
      View Details

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      Sierra Vista Retail Investment Opportunity

      Fully leased retail property with national tenants in Sierra Vista.
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      Sierra Vista Development Site

      High-profile development site with strong daytime population and premier intersection.
      Nwc Martin Luther King Jr Pkwy & Hwy 90, Sierra Vista, AZ 85635
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      Sierra Vista Development Site

      High-profile commercial land with strong daytime population and traffic.
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    Similar Nearby for Lease

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      3,200 SF

      Sierra Vista Retail Space Available

      Retail space for lease in growing Sierra Vista shopping center.
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      High-Visibility Retail Location on Fry

      Prime retail location with excellent accessibility and strong demographics.
      3758 E Fry Blvd, Sierra Vista, AZ 85635
      View Details
    • $12 SF/Yr
      103,914 SF

      Cochise Plaza: Office & Retail Space

      Prime Sierra Vista Office/Retail Opportunity
      2085 Fry Blvd. 49 –157 N Coronado Dr, Sierra Vista, AZ 85635
      View Details
    • Contact for pricing

      Regional Shopping and Entertainment Destination

      Premier shopping, dining, and entertainment hub in Southern Arizona.
      2200 El Mercado Loop, Sierra Vista, AZ 85635
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      Sierra Vista Retail Development Opportunity

      13.09-acre retail development with diverse opportunities in Sierra Vista.
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      Well-located medical/office space in Sierra Vista's central trade area.
      701-705 E Wilcox Dr, Sierra Vista, AZ 85635
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    Sierra Vista, AZ 85635-2746
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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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