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Property profile

240 Freeport Dr Nogales, AZ 85621

OFF-MARKET
Office buildings
Property ID
US07-0570434
View Sample
8,257 SF 0.55 ac lot Built 1983
Entity Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 8,257-square-foot executive office building in Nogales, Arizona, presents a unique investment opportunity. The single-tenant, Class C property boasts a convenient location, just a short walk from the Mariposa Port of Entry and the border with Mexico. The two-story building features expansive open office areas, ideal for collaborative work environments, complemented by several private offices for focused work and executive suites. Multiple large conference rooms provide ample space for meetings and presentations. The property includes convenient on-site parking with 20+ spaces, ensuring ample accommodation for employees and visitors. Its strategic location offers easy access to major transportation arteries, being only three miles from Interstate 19 and seven miles from Rio Rico (Exit 12). A one-hour drive to Tucson provides convenient access to a larger metropolitan area. The property's 2023 property taxes totaled $8,515. This turnkey office building is ready for immediate occupancy and presents a compelling opportunity for businesses seeking a strategic presence in the dynamic Nogales market. The building's size and layout offer significant flexibility for a variety of business needs. The convenient location near the border crossing makes this property particularly attractive for businesses involved in cross-border commerce. This is a rare opportunity to acquire a well-maintained, functional office building in a high-demand location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction CONCRETE
Total area 8,257 SF
Lot 0.55 ac (23,958 SF)
APN 113-49-019C
UPID US07-0570434

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$548k
Blend (final) Blend
$630k

Owner & transaction history

since 2025
Last sale
$800,000
3 recorded transactions
2025
$800,000
2002
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $990,000 +16.4%
Commercial (general) $920,000 +8.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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