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    2198 S Pacific Ave Yuma, AZ 85365
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    2198 S Pacific Ave Yuma, AZ 85365

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    • Refrigerated & Cold Storage
    • 10,000 SF
    • 25.67 lot acres
    For Lease
    $0.50 SF/Yr
    View Listing →
    South Park Industrial Investment Opportunity For Lease
    $0.50 SF/Yr
    127,218 SF

    South Park Industrial Investment Opportunity

    Industrial property with multiple buildings, storage, and development potential.

    2198 S Pacific Ave, Yuma, AZ
    View Listing
    Property ID
    US07-0796661
    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
    $710,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yuma Mesa Fruit Growers Association / Agricultural Association

    Property Details for 2198 S Pacific Ave

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    25.67 lot acres
    Property size
    10,000 SF
    Zone code
    LI
    Property type
    Refrigerated & Cold Storage
    APN
    665-55-006
    APU
    66555006

    Description

    Exceptional investment opportunity in Yuma, Arizona's South Park Industrial District. This Class A, multi-tenant industrial property encompasses 127,218 square feet on a 25.67-acre lot (APN 665-55-006), offering a diverse mix of warehouse, distribution, and refrigerated/cold storage space. Currently operating at 100% occupancy with established tenants, the property provides immediate cash flow. The property includes multiple office buildings and ample storage. Approximately 15 acres of land are available for future industrial development, presenting significant expansion potential. Strategically located on South Pacific Avenue, with convenient access to Interstate 8, this property benefits from proximity to Yuma Palms Regional Shopping Center, Gomez Plaza, and numerous hotels, restaurants, and retail establishments. The permitted zoning is Light Industrial. The asking price is $3,500,000, translating to $27.51 per square foot. This is an owner/user investment opportunity in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $910,000
      6.5%
      $840,000
      7%
      $780,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $776,000
      Market price range: $15.9k - $777k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,100,000
      AUTO REPAIR, GARAGE
      $995,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Arizona
    Longitude
    -114.605
    Latitude
    32.6886
    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
    $38,517
    $60,353
    $310,785
    $371,138
    -
    $641,750
    $3,304,660
    $3,946,410

    Comparable in this City

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      $5,135,000
      107,250 SF

      3701 Ave 3rd 12th E

      COLD STORAGE • 107,250 SF
      3701 Ave 3rd 12th E, Yuma, AZ 85365-6510
      View Details
    • Value Estimation
      $4,910,000
      103,467 SF

      4420 36th St

      COLD STORAGE • 103,467 SF
      4420 36th St, Yuma, AZ 85365-3659
      View Details
    • Value Estimation
      $2,900,000
      59,040 SF

      2770 Mcdaniel Ave

      COLD STORAGE • 59,040 SF
      2770 Mcdaniel Ave, Yuma, AZ 85365-6658
      View Details
    • Value Estimation
      $2,425,000
      48,385 SF

      4631 Gila Rdg Rd

      COLD STORAGE • 48,385 SF
      4631 Gila Rdg Rd, Yuma, AZ 85365-8077
      View Details
    • Value Estimation
      $3,380,000
      69,500 SF

      4139 Gila Rdg Rd

      COLD STORAGE • 69,500 SF
      4139 Gila Rdg Rd, Yuma, AZ 85365-7554
      View Details
    • Value Estimation
      $3,080,000
      63,000 SF

      2551 Ave 4th E

      COLD STORAGE • 63,000 SF
      2551 Ave 4th E, Yuma, AZ 85365-6528
      View Details

    Similar Nearby for Sale

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      44,294 SF

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      44,294 SF industrial property with expansion possibilities in Yuma.
      3173 E 43Rd St, Yuma, AZ 85365
      View Details
    • Contact for pricing
      9,192 SF

      Office and Warehouse Space Available

      6900 SF office and warehouse space for lease.
      2995 S Pacific Ave, Yuma, AZ 85365
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      31,200 SF

      Yuma Warehouse with Gated Lot

      31,215 SF warehouse with easy access to major routes.
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      55,260 SF

      Warehouse and Office Space Available

      55,260 SF warehouse with 10,000 SF office space.
      3550 E 40Th St, Yuma, AZ 85365
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      Yuma Industrial Zone Warehouse

      Well-positioned warehouse in Yuma's industrial zone with logistics access.
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    Similar Nearby for Lease

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      13,825 SF

      Industrial Warehouse Space For Lease

      Industrial warehouse spaces available for lease, totaling approximately 26,825 SF.
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      27,218 SF

      South Park Industrial Investment Opportunity

      Industrial property with multiple buildings, storage, and development potential.
      2198 S Pacific Ave, Yuma, AZ 85365
      View Details
    • Contact for pricing

      Yuma Industrial Land Opportunity

      Industrial land available for customized build-to-suit near I-8.
      7800 E 30Th St, Yuma, AZ 85365
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 18,000 SqFt.
      3030 S Pacific Ave, Yuma, AZ 85365
      View Details
    • Contact for pricing

      Office Space on South Pacific

      3,400 SF office space available for lease.
      2995 S Pacific Ave, Yuma, AZ 85365
      View Details
    • Contact for pricing
      1,200 SF

      Yuma Palms Retail Space Available

      Retail space available in high-traffic Yuma Palms shopping center.
      1418 Yuma Palms Pkwy, Yuma, AZ 85365
      View Details
    View Listing
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    Yuma, AZ 85365
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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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