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

    28841 Commerce Way Wellton, AZ 85356

    • Strip malls
    • 16,281 SF
    • 1.28 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Last Sale
    Aug 14, 2024
    $1,175,000
    Value Estimations
    $1,175,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0602832
    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

    • Bola Falegan / Nurse Practitioner
    • Jannet Everson / Nurse Practitioner / Family Practice Physician
    • Legacy Feed & Supply / Animal Feed Store
    • Piroska Schlesinger / Podiatrist / Health Care Facility
    • Yuma Propane / Propane Supplier

    Property Details for 28841 Commerce Way

    Year built
    2007
    Construction
    FRAME
    Lot size
    1.28 lot acres
    Property size
    16,281 SF
    Zone code
    91
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    201-07-011
    APU
    20107011

    Description

    This exceptional retail opportunity in Wellton, Arizona, presents three vacant suites within the Coyote Wash Shopping Center, totaling 3,772 square feet. Located at 28841 Commerce Way, 85356, this property is ideally situated in Yuma County and offers immediate occupancy. The center is zoned for commercial use, providing flexibility for a variety of retail businesses. Each suite offers a minimum of 1,200 square feet and a maximum contiguous space of 1,372 square feet, making it suitable for a range of tenants. The entire 3,772 square foot building is currently available for lease. This presents a unique chance to establish a presence in a growing community or expand an existing business. The property's prime location offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong returns. The address is easily accessible from major roadways, providing convenient access for customers and employees. This is a rare opportunity to secure a substantial retail space in a desirable location. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,175,000
      ML approach
      $1,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,067,000
      Market price range: $891k - $2.53M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,730,000
      Current use
      AUTO REPAIR, GARAGE
      $1,620,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellton
    County
    Yuma
    State
    Arizona
    Longitude
    -114.144
    Latitude
    32.6566
    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
    $11,359
    $3,046
    $104,601
    $107,647
    -
    $17,920
    $615,300
    $633,220

    Comparable in this City

    • Value Estimation by Request
      3,780 SF

      10510 Williams St

      SHOPPING CENTER, STRIP CENTER • 3,780 SF
      10510 Williams St, Wellton, AZ 85356-6570
      View Details
    • Value Estimation
      $595,000
      7,585 SF

      28881 Commerce Way

      SHOPPING CENTER, STRIP CENTER • 7,585 SF
      28881 Commerce Way, Wellton, AZ 85356-7066
      View Details
    • Value Estimation by Request
      4,320 SF

      28541 Los Angeles Ave

      SHOPPING CENTER, STRIP CENTER • 4,320 SF
      28541 Los Angeles Ave, Wellton, AZ 85356
      View Details
    • Value Estimation
      $875,000
      9,150 SF

      10546 Williams St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,150 SF
      10546 Williams St, Wellton, AZ 85356
      View Details
    • Value Estimation by Request
      9,180 SF

      29836 Butterfield Plz

      WHOLESALE OUTLET, DISCOUNT STORE • 9,180 SF
      29836 Butterfield Plz, Wellton, AZ 85356-6507
      View Details
    • Value Estimation
      $845,000
      9,180 SF

      28849 Los Angeles Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 9,180 SF
      28849 Los Angeles Ave, Wellton, AZ 85356
      View Details

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    Similar Nearby for Lease

    • $9 SF/Yr
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      Wellton Retail Center Opportunity

      Three suites available, 1,200-1,372 sq ft
      28841 Commerce Way, Wellton, AZ 85356
      View Details
    • Contact for pricing
      20,231 SF

      Wellton Retail Space For Lease

      Prime Wellton location, large retail space available.
      28865 Commerce Way, Wellton, AZ 85356
      View Details
    • $0.75 SF/Yr
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      Wellton Retail Space For Rent

      Retail space available near Interstate 8 and golf course.
      28841-28873 Commerce Way, Wellton, AZ 85356
      View Details
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    28841 Commerce Way
    Wellton, AZ 85356
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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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