Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    282 3rd St Nogales, AZ 85621-1326

    • Auto shops
    • 2,442 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0899010
    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

    • Carl's Distributing / Sign Shop

    Property Details for 282 3rd St

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    0.62 lot acres
    Property size
    2,442 SF
    Property type
    Auto shops
    APN
    101-25-250
    APU
    10125250

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $181,000
      Market price range: $153k - $477k

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

    Location Insight

    • Map
    • Local Demand
    City
    Nogales
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -110.933
    Latitude
    31.354
    CBSA code
    35700
    CBSA name
    NOGALES, AZ MICROPOLITAN 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
    0
    $0.00
    $9,720
    $8,829
    $18,549
    -
    $54,000
    $49,050
    $103,050

    Comparable in this City

    • Value Estimation
      $215,000
      2,400 SF

      2651 Grand Ave

      AUTO REPAIR, GARAGE • 2,400 SF
      2651 Grand Ave, Nogales, AZ 85621-3578
      View Details
    • Value Estimation
      $270,000
      3,987 SF

      175 Old Tucson Rd

      AUTO REPAIR, GARAGE • 3,987 SF
      175 Old Tucson Rd, Nogales, AZ 85621-9725
      View Details
    • Value Estimation
      $255,000
      409 SF

      175 Old Tucson Rd

      AUTO REPAIR, GARAGE • 409 SF
      175 Old Tucson Rd, Nogales, AZ 85621-9725
      View Details
    • Value Estimation
      $240,000
      990 SF

      346 Patagonia Hwy

      AUTO REPAIR, GARAGE • 990 SF
      346 Patagonia Hwy, Nogales, AZ 85621-1411
      View Details
    • Value Estimation
      $230,000
      1,794 SF

      3192 Silver Hl Dr

      AUTO REPAIR, GARAGE • 1,794 SF
      3192 Silver Hl Dr, Nogales, AZ 85621
      View Details
    • Value Estimation
      $280,000
      3,080 SF

      251 Patagonia Hwy

      AUTO REPAIR, GARAGE • 3,080 SF
      251 Patagonia Hwy, Nogales, AZ 85621-1579
      View Details

    Similar Nearby for Sale

    • $250,000
      1,296 SF

      Nogales Commercial Space For Sale

      Adaptable commercial space with high traffic flow in Nogales, Arizona.
      754 N Morley Ave, Nogales, AZ 85621
      View Details
    • $6,000,000
      24,910 SF

      Downtown Nogales Commercial Block Portfolio

      Prime 1.72-acre commercial property in downtown Nogales, Arizona.
      152 N Terrace Ave, Nogales, AZ 85621
      View Details
    • $300,000
      7,460 SF

      Historic Nogales Retail Building

      Prime Downtown Location, High Traffic
      185 Grand Ave, Nogales, AZ 85621
      View Details
    • $899,999
      17,813 SF

      Nogales Retail Center - High Traffic Area

      Prime Retail Space, 6 Units, High Foot Traffic
      142 Grand Ave, Nogales, AZ 85621
      View Details
    • $300,000
      7,460 SF

      Historical Building Near Border

      Historical building with business opportunities near the border.
      185 N Grand Ave, Nogales, AZ 85621
      View Details
    • $250,000
      1,825 SF

      Nogales Retail Property: Prime Investment

      High-potential retail space, needs renovation.
      734 Morley Ave, Nogales, AZ 85621
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,213 SF

      Nogales Retail Space Sublease Opportunity

      Prime Nogales location, 50,213 sq ft.
      300 Mariposa Rd, Nogales, AZ 85621
      View Details
    • $14 SF/Yr
      2,500 SF

      Retail Space Near US-Mexico Border

      Retail space available in Nogales, Arizona, near US-Mexico border.
      254-324 W Mariposa Rd, Nogales, AZ 85621
      View Details
    • Contact for pricing
      20,000 SF

      Mariposa Mall Retail Space

      Dominant shopping center serving Nogales, Arizona and Sonora, Mexico.
      250 W Mariposa Rd, Nogales, AZ 85621
      View Details
    • Contact for pricing
      12,000 SF

      Historic Building Near Border Crossing

      Unique retail space in downtown Nogales, near the border.
      40 N Morley Ave, Nogales, AZ 85621
      View Details
    • $14 SF/Yr
      1,270 SF

      Retail Space Near US-Mexico Border

      Retail space available in Nogales, Arizona, near US-Mexico border.
      204-230 W Mariposa Rd, Nogales, AZ 85621
      View Details
    • Contact for pricing
      11,628 SF

      Retail Space in High-Traffic Plaza

      Retail space in a shopping center near the border crossing.
      470 North Grand Court Plz, Nogales, AZ 85621
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    282 3rd St
    Nogales, AZ 85621-1326
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.