Property profile

1950 W 3Rd St Yuma, AZ 85364

FOR SALE
Office buildings
Property ID
US07-1340149
7,350 SF 2.41 ac lot Built 1982
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 1950 W 3rd Street in Yuma, Arizona, presents a significant investment opportunity. The property is classified as General Commercial and is offered at $1,950,000. While the square footage is not currently specified, the property sits on a zero-acre lot, suggesting a potentially compact but strategically located building. The address, 1950 W 3rd Street, places it within Yuma's established commercial district, offering excellent visibility and accessibility. Given the price point and the general commercial classification, this property could be suitable for a variety of uses, depending on zoning regulations and potential renovations or redevelopment. Further due diligence is recommended to determine the precise zoning and potential uses. Interested parties are encouraged to conduct thorough inspections and research to assess the property's suitability for their specific business needs and investment goals. The lack of square footage information highlights the need for a site visit and further investigation into the property's physical characteristics and potential. This presents a unique chance to acquire a well-positioned commercial property in a growing Arizona market. The asking price reflects the potential for significant return on investment, contingent upon successful development and market conditions. Serious inquiries only.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction STEEL FRAME
Total area 7,350 SF
Lot 2.41 ac (104,980 SF)
Zoning code TR
APN 632-46-140
UPID US07-1340149

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home
  • Association / Organization Medical Clinic
  • Physician

Location

1950 W 3Rd St Yuma, AZ 85364
Yuma metro Census 502 YUMA, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$920k

Owner & transaction history

since 2019
3 recorded transactions
2019
$430,000
2017
Price N/A
2017
Price N/A

Zoning & alternative use

TR · Yuma, AZ
Zoning description

) (A) Purpose (B) Applicability (C) Permitted principal uses (D) Permitted accessory uses (E) Conditional uses (F) Property development standards Article 08 - Commercial Zoning Districts 154-08.01 Transitional District (…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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