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Property profile & analytics
OFF-MARKET
Strip malls
201 Bingham Ave Somerton, AZ 85350
Individually Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1575421
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.82 ac (35,719 SF)
Zoning code
R-3
APN
743-64-115
UPID
US07-1575421
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
24/7 Get Fit Somerton Gym & Fitness Center
-
Western Growers Insurance Agency
-
Ppep Tech High School High School
-
ARIZONA@WORK - Yuma County - Somerton Resource Center Employment Agency
-
MR FARMS LLC Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Portable Practical Educational Prep · 16 yrs held
Portable Practical Educational Prep
since 2010
7 recorded transactions
Zoning & alternative use
R-3 · Somerton, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-3 district is intended to provide for and encourage the orderly development of site built, multi family residences in areas appropriate for high density residential development.
Zone name
Multi Family Residential 3
General category
RESIDENTIAL
Zone area
183.52 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Somerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,910
Tax year 2023
Assessed value
$94,209
Assessed 2023
Previous assessed
$94,209
+0.0% YoY
Effective rate
5.21%
On assessed value
Assessed land
$2,584
Assessed improvement
$91,625
Land market value
$17,220
Improvement market value
$610,834
Total market value
$628,054
Applied tax rate
1,140.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
5,000 SF
Lot
0.82 ac (35,719 SF)
Zoning code
R-3
APN
743-64-115
UPID
US07-1575421
Jurisdiction
YUMA
Zoning & alternative use
R-3 · Somerton, AZZoning R-3 · permitted uses
R-3 · Somerton, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-3 district is intended to provide for and encourage the orderly development of site built, multi family residences in areas appropriate for high density residential development.
Zone name
Multi Family Residential 3
General category
RESIDENTIAL
Zone area
183.52 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Portable Practical Educational Prep
Individual
Mailing address
802 E 46TH ST, TUCSON, AZ 85713-5006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2020
—
Portable Practical Educational
—
Deed
related
$700,000 · Foothills Bk
Mar 17, 2010
$1,199,900
Portable Practical Educational Prep
Citi Property Holdings INC
Special Warranty Deed
$910,000 · Wells Fargo Bank NA
Nov 6, 2009
$845,000
Liquidation Properties INC
Bosco Michael A JR
Trustees Deed
related
—
Nov 18, 1999
—
Ramona Rivera
Hazlewood,christopher A & Tobi T
Grant Deed
related
—
—
—
Pen Holdings LLC
—
Deed Of Trust
related
$625,000 · Jackson Federal Bank
—
—
Portable Practical Educational
—
Deed Of Trust
related
$700,000 · Foothills Bk
—
—
Pen Holdings LLC
—
Deed Of Trust
related
$126,885 · Cobleigh James M & B M (te)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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