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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    201 24th St Yuma, AZ 85364-8552

    • Office buildings
    • 960 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Jul 15, 2020
    $640,000
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    2.8%
    Office buildings
    Location Intelligence
    Property ID
    US07-0817553
    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.

    Current Use by Public Records

    • Dick's Auto Rebuilders / Auto Body Shop

    Property Details for 201 24th St

    Year built
    1962
    Construction
    CONCRETE
    Lot size
    0.73 lot acres
    Property size
    960 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    695-03-019
    APU
    69503019

    Description

    This exceptional commercial property, located at 201 W 24th Street in Yuma, Arizona, presents a compelling investment opportunity. The property is classified as general commercial and is offered at $999,900. While the precise square footage isn't currently specified, the property's location on West 24th Street offers significant visibility and accessibility, making it ideal for a variety of commercial uses. The lot size is listed as zero acres, suggesting the property may be a building on a smaller lot or a portion of a larger parcel. Further due diligence is recommended to ascertain the exact dimensions and zoning regulations. The property's strategic location within Yuma provides access to a robust local market and potential for strong rental income or owner-occupancy. Given the price point and the potential for diverse commercial applications, this property represents a significant opportunity for investors seeking a foothold in the dynamic Yuma commercial real estate market. Interested parties are encouraged to conduct thorough inspections and research to fully assess the property's suitability for their specific business needs and investment goals. The absence of square footage information underscores the need for independent verification before any purchase decision. This property is being sold "as is," and potential buyers should be prepared to conduct their own due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $570,000
      ML approach
      $485,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $364,000
      Market price range: $102k - $364k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $395,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Arizona
    Longitude
    -114.622
    Latitude
    32.6835
    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
    $5,195
    $13,310
    $27,421
    $40,731
    -
    $128,839
    $265,434
    $394,273

    Comparable in this City

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      784 SF

      830 5th Avea

      OFFICE BUILDING • 784 SF
      830 5th Avea, Yuma, AZ 85364-3812
      View Details
    • Value Estimation
      $240,000
      4,627 SF

      1830 8th Ave

      OFFICE BUILDING • 4,627 SF
      1830 8th Ave, Yuma, AZ 85364-5517
      View Details
    • Value Estimation
      $235,000
      730 SF

      1250 11th St

      OFFICE BUILDING • 730 SF
      1250 11th St, Yuma, AZ 85364-3624
      View Details
    • Value Estimation
      $185,000
      672 SF

      452 Maiden Ln

      OFFICE BUILDING • 672 SF
      452 Maiden Ln, Yuma, AZ 85364
      View Details
    • Value Estimation
      $240,000
      4,384 SF

      301 2nd Ave

      OFFICE BUILDING • 4,384 SF
      301 2nd Ave, Yuma, AZ 85364-2248
      View Details
    • Value Estimation
      $200,000
      4,914 SF

      201 2nd Ave

      OFFICE BUILDING • 4,914 SF
      201 2nd Ave, Yuma, AZ 85364-2213
      View Details

    Similar Nearby for Sale

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      15,000 SF

      Versatile Commercial Building in Yuma

      Two-story commercial building with offices and warehouse space for sale.
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      Yuma Commercial Land: Prime Location

      1.04-acre lot, ideal for development.
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    • $685,000
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      Yuma Commercial Land - $685K

      Prime 1.2-acre Yuma commercial lot. High visibility.
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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Highly Visible Yuma Office Space

      Office space for rent in a highly visible location.
      E 32Nd St, Yuma, AZ 85364
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    • $21 SF/Yr
      1,768 SF

      Prime Yuma Retail/Office Space

      1,768 SF Executive Office Suite Available
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    • $32 SF/Yr
      15,000 SF

      Yuma Medical Office Suite Available

      1,375 SF Medical Office Space in Yuma, AZ
      2383 24Th St, Yuma, AZ 85364
      View Details
    • $1.00 SF/Yr
      12,000 SF

      Prime Office Space Available

      Centrally located office space with convenient parking and easy access.
      275 W 17Th Pl, Yuma, AZ 85364
      View Details
    • $2.00 SF/Yr
      6,630 SF

      Second-Floor Office Suite in Yuma

      Divisible 7,550 SF office suite with professional amenities.
      170 W 16Th St, Yuma, AZ 85364
      View Details
    • $1.25 SF/Yr
      808 SF

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic location.
      1233 N Main St, Yuma, AZ 85364
      View Details
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    Yuma, AZ 85364-8552
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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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