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

    2553 24th St Yuma, AZ 85365-3200

    • Office buildings
    • 5,000 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1247530
    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

    • Andrea Fraijo, Keller Williams / Real Estate Agency
    • Yuma's HOME Team - Keller Williams Realty / Real Estate Agency
    • Josh Busby Keller Williams Realty Yuma / Real Estate Agency
    • Keller Williams Realty Yuma / Real Estate Agency
    • Jill Estes / Real Estate Agency

    Property Details for 2553 24th St

    Year built
    2008
    Construction
    FRAME
    Lot size
    0.93 lot acres
    Property size
    5,000 SF
    Zone code
    5
    Property type
    Office buildings
    APN
    696-03-016
    APU
    69603016

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $596,000
      Market price range: $279k - $1.15M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,350,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Arizona
    Longitude
    -114.589
    Latitude
    32.6822
    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
    $13,663
    $15,734
    $92,286
    $108,020
    -
    $101,125
    $593,147
    $694,272

    Comparable in this City

    • Value Estimation
      $810,000
      4,260 SF

      2680 24th St

      OFFICE BUILDING • 4,260 SF
      2680 24th St, Yuma, AZ 85365-3289
      View Details
    • Value Estimation
      $665,000
      2,520 SF

      19536 Ave 1st E

      OFFICE BUILDING • 2,520 SF
      19536 Ave 1st E, Yuma, AZ 85365
      View Details
    • Value Estimation by Request
      600 SF

      991 Pacific Ave

      OFFICE BUILDING • 600 SF
      991 Pacific Ave, Yuma, AZ 85365-2119
      View Details
    • Value Estimation
      $785,000
      4,100 SF

      1926 Rail Ave

      OFFICE BUILDING • 4,100 SF
      1926 Rail Ave, Yuma, AZ 85365
      View Details
    • Value Estimation
      $805,000
      5,000 SF

      2521 Gila Rdg Rd

      OFFICE BUILDING • 5,000 SF
      2521 Gila Rdg Rd, Yuma, AZ 85365-2240
      View Details
    • Value Estimation by Request
      696 SF

      2280 Engler Ave

      OFFICE BUILDING • 696 SF
      2280 Engler Ave, Yuma, AZ 85365
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • $1,800,000

      Prime Yuma Office Building Investment

      Exceptional Yuma Office Space - $1.8M
      2995 Pacific Ave, Yuma, AZ 85365
      View Details
    • Contact for pricing
      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
      View Details
    • $182,990
      2.00 Acres

      Residential Land with Date Palms

      Two-acre lot with well, date palms, and mountain views.
      00 S Avenue 6 E, Yuma, AZ 85365
      View Details
    • $1,148,000
      1,200 SF

      Yuma Agricultural Property with Dates

      22.96 acres of organic Medjool dates in Yuma County.
      17587 Avenue 3 1/2 E, Yuma, AZ 85365
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Spaces Available

      Multiple spaces available for rent, ranging from 1,200 to 10,000 square feet.
      S Avenue 8 E, Yuma, AZ 85365
      View Details
    • Contact for pricing
      8,452 SF

      Office Space For Rent

      Office spaces available from 1,140 to 9,500 square feet.
      2000 E 24Th St, Yuma, AZ 85365
      View Details
    • Contact for pricing
      600 SF

      Available Office Space in Yuma

      Office space for rent with elevator and parking.
      2150-3150 S Winsor Ave, Yuma, AZ 85365
      View Details
    • Contact for pricing
      1,563 SF

      Yuma Office Space For Lease

      Office spaces for lease with great access and amenities.
      1448-1450 E 16Th St, 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
      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
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    2553 24th St
    Yuma, AZ 85365-3200
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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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