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Property profile & analytics
OFF-MARKET
Individual retail properties
240 Main St Somerton, AZ 85350
Individually Owned
5-yr Hold
Free & Clear
Property ID
US07-1324478
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1940
Construction
CONCRETE
Total area
2,590 SF
Lot
0.11 ac (4,732 SF)
Zoning code
MSC
APN
743-62-207
UPID
US07-1324478
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
-
Icon Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Allison Ericson · 5 yrs held
Allison Ericson
since 2021
5 recorded transactions
Zoning & alternative use
MSC · Somerton, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Main Street Corridor Zoning District is intended to be the economic core of the community by allowing a mix of retail, business, residential and government center uses.
Zone name
Main Street Corridor
General category
CIVIC_INSTITUTIONAL
Zone area
26.80 ac
Source
Realmo
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 Somerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$841
Tax year 2023
Assessed value
$7,225
Assessed 2023
Previous assessed
$7,084
+2.0% YoY
Effective rate
11.64%
On assessed value
Assessed land
$776
Assessed improvement
$6,449
Land market value
$8,991
Improvement market value
$74,736
Total market value
$83,727
Applied tax rate
1,140.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1940
Construction
CONCRETE
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,590 SF
Lot
0.11 ac (4,732 SF)
Zoning code
MSC
APN
743-62-207
UPID
US07-1324478
Jurisdiction
YUMA
Zoning & alternative use
MSC · Somerton, AZZoning MSC · permitted uses
MSC · Somerton, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Main Street Corridor Zoning District is intended to be the economic core of the community by allowing a mix of retail, business, residential and government center uses.
Zone name
Main Street Corridor
General category
CIVIC_INSTITUTIONAL
Zone area
26.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1940
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Allison Ericson
Individual
Free & Clear · 5 yrs held
Mailing address
5510 NANDAY CT, OCEANSIDE, CA 92057-1914
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2021
—
Allison Ericson
Miller Miller
Quit Claim Deed
related
—
Apr 24, 2008
—
Allison Ericson
Miller Miller & Stuart
Quit Claim Deed
related
—
Mar 1, 2007
—
Allison Erickson
Miller,rondall C
Grant Deed
related
—
Dec 19, 2006
—
Rondall C Miller
Miller Miller & Stuart
Quit Claim Deed
related
—
Dec 18, 2006
—
Miller Miller
Miller Auto Supply & Hardware
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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