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Property profile & analytics
OFF-MARKET
Estimated value
$8,785,000
Grocery and convenience stores
2378 24th St Yuma, AZ 85364-6124
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US07-0540883
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
CONCRETE
Total area
57,210 SF
Lot
7.2 ac (313,632 SF)
Zoning code
B-1
APN
664-61-081
UPID
US07-0540883
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
-
TNT Fireworks Discount Store Party Supply Store
-
Albertsons Deli Food Market Restaurant
-
Sav-On Pharmacy Pharmacy
-
Jeff C. Davis, RPh Pharmacy
-
higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.93M
Comparable Approach
Comparable
$10.46M
Blend (final)
Blend
$8.79M
Owner & transaction history
Cole Ab Yuma Az LLC · 15 yrs held
Cole Ab Yuma Az LLC
since 2010
2 recorded transactions
Zoning & alternative use
B-1 · Yuma, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.9M
+99.3%
Commercial (general)
$7.8M
+20.2%
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 Yuma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yuma 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,670,000
6.5%
$8,925,000
7%
$8,285,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,480,000
Current use
OFFICE BUILDING
$12,915,000
Change: +99% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,795,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,290,000
Change: -3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,690,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.79M
Range $7.91M – $9.66M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
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
$122,149
Tax year 2023
Assessed value
$951,262
Assessed 2023
Previous assessed
$932,611
+2.0% YoY
Effective rate
12.84%
On assessed value
Assessed land
$75,309
Assessed improvement
$875,953
Land market value
$489,600
Improvement market value
$5,694,741
Total market value
$6,184,341
Applied tax rate
1,350.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
57,210 SF
Lot
7.2 ac (313,632 SF)
Zoning code
B-1
APN
664-61-081
UPID
US07-0540883
Jurisdiction
YUMA
Zoning & alternative use
B-1 · Yuma, AZ
Zoning B-1 · permitted uses
B-1 · Yuma, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yuma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.5M
OFFICE BUILDING
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.7M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
7.2 ac
Current owner
From public records · entity-resolved
Cole Ab Yuma Az LLC
Entity
Mailing address
2325 E CAMELBACK RD FL #9, PHOENIX, AZ 85016-9080
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2010
$629,735
Cole Ab Yuma Az LLC
Abs Sw Investor LLC
Grant Deed
—
Jul 6, 2006
$4,100,000
Abs Sw Investor LLC
Albertsons LLC
Cash Sale Deed
—
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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