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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Industrial properties
2620 24th St Yuma, AZ 85364-6027
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0134092
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2005
Construction
STEEL FRAME
Total area
10,000 SF
Lot
1.11 ac (48,352 SF)
Zoning code
TR
APN
664-60-001
UPID
US07-0134092
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
-
Garcia & Villarreal, P.L.C. Law Firm
-
Yuma Enterprises Inc Construction Company General Contractor
-
Baas Realty Group Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.18M
Owner & transaction history
Nicklaus Engineering INC · 2 yrs held
Nicklaus Engineering INC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
TR · Yuma, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
) (A) Purpose (B) Applicability (C) Permitted principal uses (D) Permitted accessory uses (E) Conditional uses (F) Property development standards Article 08 - Commercial Zoning Districts 154-08.01 Transitional District (TR) (A) Purpose (B) Permitted principal uses (C) Permitted accessory uses (D) Conditional uses (E) Property development standards 154-08.02…
Zone name
Transitional District
General category
RESIDENTIAL
Zone area
309.83 ac
Source
Chapter 154: Zoning
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
$920,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,360,000
Current use
RETAIL STORES
$1,135,000
Change: -17% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,100,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.20M (Sep 2 2022)
Last sale anchor
$1.20M
Sep 2 2022
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
$118 / 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
$10,967
Tax year 2023
Assessed value
$84,226
Assessed 2023
Previous assessed
$86,703
-2.9% YoY
Effective rate
13.02%
On assessed value
Assessed land
$4,340
Assessed improvement
$79,886
Land market value
$25,530
Improvement market value
$469,915
Total market value
$495,445
Applied tax rate
1,369.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
10,000 SF
Lot
1.11 ac (48,352 SF)
Zoning code
TR
APN
664-60-001
UPID
US07-0134092
Jurisdiction
YUMA
Zoning & alternative use
TR · Yuma, AZZoning TR · permitted uses
TR · Yuma, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
) (A) Purpose (B) Applicability (C) Permitted principal uses (D) Permitted accessory uses (E) Conditional uses (F) Property development standards Article 08 - Commercial Zoning Districts 154-08.01 Transitional District (TR) (A) Purpose (B) Permitted principal uses (C) Permitted accessory uses (D) Conditional uses (E) Property development standards 154-08.02 Planned Shopping Center District (PSC) (A) Purpose (B) Permitted principal uses (C
Zone name
Transitional District
General category
RESIDENTIAL
Zone area
309.83 ac
Source
Chapter 154: Zoning
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Nicklaus Engineering INC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 7095, YUMA, AZ 85366-2553
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$22,000
Nicklaus Engineering INC
Yuma Gateway Industrial Properties
Warranty Deed
—
Sep 2, 2022
$1,200,000
Movem Angeli Lllp
Barkley Ag Enterprises LLC
Special Warranty Deed
$900,000 · The Foothills Bank
Jan 31, 2020
$80,000
Yuma Gateway Indl Prop LLC
Stephen Center INC
Warranty Deed
—
Nov 20, 2019
$160,050
Stephen Center INC
A Hand Up LLC
Grant Deed
—
Jun 15, 2018
—
A Hand Up LLC
Lakin Charles E Trust
Warranty Deed
—
Apr 27, 2018
—
Barkley Mgmt Svcs LLC
Kbc Properties LLC
Quit Claim Deed
related
—
—
—
Kbc Properties LLC
—
Deed Of Trust
related
$345,000 · Foothills Bank
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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