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

    2198 S Pacific Ave Yuma, AZ 85365

    • Refrigerated & Cold Storages
    • 10,000 SF
    • 25.67 lot acres
    For Sale
    View listing
    $3,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    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 Storages
    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 valuation — 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

    • Value Estimation
      $7,590,000
      160,937 SF

      2888 Araby Rd

      COLD STORAGE • 160,937 SF
      2888 Araby Rd, Yuma, AZ 85365
      View Details
    • Value Estimation
      $4,655,000
      40,794 SF

      4190 Ave 3rd 12th E

      COLD STORAGE • 40,794 SF
      4190 Ave 3rd 12th E, Yuma, AZ 85365-6514
      View Details
    • Value Estimation
      $2,090,000
      42,078 SF

      Yuma, AZ 85365

      COLD STORAGE • 42,078 SF
      Yuma, AZ 85365
      View Details
    • Value Estimation
      $9,505,000
      103,803 SF

      4101 Ave 3rd 14th E

      COLD STORAGE • 103,803 SF
      4101 Ave 3rd 14th E, Yuma, AZ 85365-6516
      View Details
    • Value Estimation
      $5,215,000
      31,500 SF

      3841 43rd St

      COLD STORAGE • 31,500 SF
      3841 43rd St, Yuma, AZ 85365-4855
      View Details
    • Value Estimation
      $3,955,000
      42,180 SF

      2779 Mcdaniel Ave

      COLD STORAGE • 42,180 SF
      2779 Mcdaniel Ave, Yuma, AZ 85365-6664
      View Details

    Similar Nearby for Sale

    • $2,200,000
      18,000 SF

      Yuma Warehouse with Office Space

      18,000 SF warehouse featuring office and kitchen areas.
      3030 S Pacific Ave, Yuma, AZ 85365
      View Details
    • $2,064,745
      18.96 Acres

      Yuma Industrial Warehouse - 825,898 SF

      Prime Yuma industrial land, ideal for distribution.
      0 36Th St, Yuma, AZ 85365
      View Details
    • $3,500,000
      127,218 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
      31,215 SF

      Yuma Warehouse with Gated Lot

      31,215 SF warehouse with easy access to major routes.
      653-655 E 20Th St, Yuma, AZ 85365
      View Details
    • Contact for pricing
      44,294 SF

      Industrial Warehouse with Expansion Potential

      44,294 SF industrial property with expansion possibilities in Yuma.
      3173 E 43Rd St, Yuma, AZ 85365
      View Details
    • Contact for pricing
      55,260 SF

      Yuma Warehouse: 55,260 SF

      Spacious Yuma industrial warehouse, ideal for various uses.
      3550 40Th St, Yuma, AZ 85365
      View Details

    Similar Nearby for Lease

    • $0.80 SF/Yr
      13,000 SF

      Industrial Warehouse Space For Lease

      Industrial warehouse spaces available for lease, totaling approximately 26,825 SF.
      3060 S Short Way, Yuma, AZ 85365
      View Details
    • $1,800,000
      6,900 SF

      Office and Warehouse Space Available

      6900 SF office and warehouse space for lease.
      2995 S Pacific Ave, Yuma, AZ 85365
      View Details
    • Contact for pricing
      7,274 SF

      Yuma Palms Pkwy Retail Space

      7,274 SF Retail Building Available
      1521 Yuma Palms Pkwy, Yuma, AZ 85365
      View Details
    • $2,200 /Mo

      Fenced Yard Land For Rent

      Land with secure entrance, excellent storage, and easy access.
      807 S Pacific Ave, Yuma, AZ 85365
      View Details
    • Contact for pricing
      398,602 SF

      Yuma Palms Retail Space Available

      Retail space available within the busy Yuma Palms Power Center.
      1305 Yuma Palms Pkwy, Yuma, AZ 85365
      View Details
    • Contact for pricing
      4,860 SF

      Retail Space in Yuma Palms

      Retail property with high visibility and traffic.
      1330 Yuma Palms Pkwy, Yuma, AZ 85365
      View Details
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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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