Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2015 8th St Yuma, AZ 85364-3558

    • Turn key restaurants
    • 3,384 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Nov 12, 2020
    $125,000
    Value Estimations
    $110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2495046
    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

    • BIRRIERIA DEL PUEBLO & CANTINA / Mexican Restaurant / Family Restaurant

    Property Details for 2015 8th St

    Year built
    1975
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    3,384 SF
    Zone code
    C-1
    Property type
    Turn key restaurants
    APN
    664-06-173
    APU
    66406173

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $110,000
      ML approach
      $105,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Arizona
    Longitude
    -114.645
    Latitude
    32.7128
    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
    $2,313
    $3,323
    $18,965
    $22,288
    -
    $24,668
    $140,774
    $165,442

    Comparable in this City

    • Value Estimation
      $235,000
      391 SF

      3445 8th St

      RESTAURANT • 391 SF
      3445 8th St, Yuma, AZ 85364-2561
      View Details
    • Value Estimation
      $240,000
      2,670 SF

      601 8th St

      RESTAURANT • 2,670 SF
      601 8th St, Yuma, AZ 85364-2955
      View Details
    • Value Estimation
      $190,000
      2,105 SF

      1401 Ave B B

      RESTAURANT • 2,105 SF
      1401 Ave B B, Yuma, AZ 85364-4321
      View Details
    • Value Estimation
      $180,000
      5,163 SF

      771 4th Ave

      RESTAURANT • 5,163 SF
      771 4th Ave, Yuma, AZ 85364-3016
      View Details
    • Value Estimation
      $255,000
      4,560 SF

      278 Main St

      RESTAURANT • 4,560 SF
      278 Main St, Yuma, AZ 85364-1425
      View Details
    • Value Estimation
      $235,000
      3,984 SF

      108 Gila St

      RESTAURANT • 3,984 SF
      108 Gila St, Yuma, AZ 85364-1427
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.04 Acres

      Yuma Restaurant Plaza Investment

      Thriving Yuma Plaza: High Traffic, Great Tenants
      1520 16Th St, Yuma, AZ 85364
      View Details
    • $638,000

      Yuma Bar/Tavern Opportunity

      Bar/Tavern with rustic charm and Western hospitality.
      2545 W 16Th St, Yuma, AZ 85364
      View Details
    • $800,000
      1,780 SF

      Retail Space on 16th Street

      Retail property with ample parking on 16th Street.
      750 W 16Th St, Yuma, AZ 85364
      View Details
    • $380,000

      Yuma Mixed-Use Commercial Property

      Commercial property with car lifts, office, and bathrooms in Yuma.
      401 S Avenue, Yuma, AZ 85364
      View Details
    • Contact for pricing
      2,620 SF

      Yuma Retail Gas Station Pad

      Gas station pad for sale in Yuma, Arizona.
      10832 County 11Th St, Yuma, AZ 85364
      View Details
    • Contact for pricing
      2,160 SF

      Retail Plaza with Established Tenants

      Thriving retail plaza with diverse tenant mix and ample parking.
      1520 Avenue B S, Yuma, AZ 85364
      View Details

    Similar Nearby for Lease

    • $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
    • $21 SF/Yr
      1,768 SF

      Prime Yuma Retail/Office Space

      1,768 SF Executive Office Suite Available
      2730 16Th St, Yuma, AZ 85364
      View Details
    • Contact for pricing
      118,082 SF

      Yuma Retail Space - Southgate Mall

      Prime Yuma retail space available.
      505 Catalina Dr, Yuma, AZ 85364
      View Details
    • $1.00 SF/Yr
      18,248 SF

      Retail Space Available For Lease

      Two suites available for lease in Yuma, Arizona.
      1701-1721 S 4Th Ave, Yuma, AZ 85364
      View Details
    • Contact for pricing
      2,244 SF

      Retail Space in Established Plaza

      Retail space available within a thriving plaza with established tenants.
      2752 W 16Th St, Yuma, AZ 85364
      View Details
    • Contact for pricing
      1,027 SF

      Retail Space with High Traffic

      Centrally located retail space with convenient parking and high foot traffic.
      1601 S 4Th Ave, Yuma, AZ 85364
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2015 8th St
    Yuma, AZ 85364-3558
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.