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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Strip malls
28841 Commerce Way, Wellton, AZ 85356-7062
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-0602832
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
FRAME
Total area
16,281 SF
Lot
1.28 ac (55,757 SF)
Zoning code
91
APN
201-07-011
UPID
US07-0602832
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
-
Bola Falegan Physician
-
Jannet Everson Physician
-
Legacy Feed & Supply Pet Store & Service
-
Piroska Schlesinger Physician
-
Yuma Propane Propane Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.18M
Owner & transaction history
28881 Commerece Way LLC · 1 yrs held
28881 Commerece Way LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
91 · Wellton, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wellton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellton 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
$1,175,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,730,000
Current use
AUTO REPAIR, GARAGE
$1,620,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.18M (Aug 14 2024)
Last sale anchor
$1.18M
Aug 14 2024
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
$72 / 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
$11,359
Tax year 2023
Assessed value
$107,647
Assessed 2023
Previous assessed
$115,473
-6.8% YoY
Effective rate
10.55%
On assessed value
Assessed land
$3,046
Assessed improvement
$104,601
Land market value
$17,920
Improvement market value
$615,300
Total market value
$633,220
Applied tax rate
2,457.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
16,281 SF
Lot
1.28 ac (55,757 SF)
Zoning code
91
APN
201-07-011
UPID
US07-0602832
Jurisdiction
YUMA
Zoning & alternative use
91 · Wellton, AZ
Zoning 91 · permitted uses
91 · Wellton, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2007
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
28881 Commerece Way LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12573 E DEL REY DR, YUMA, AZ 85367-7320
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2024
$1,175,000
28881 Commerece Way LLC
Db Oslen Investments LLC
Special Warranty Deed
—
Oct 17, 2013
—
Db Olsen Investments LLC
Olsen Donald S & B Trust
Quit Claim Deed
related
—
Sep 21, 2011
—
Olsen D S & B Living Trust
G-12 LLC
Grant Deed
related
—
Sep 10, 2010
$1,125,000
Olsen,donald S & B Trustee
G-12 LLC
Grant Deed
—
Jan 11, 2007
$481,000
Jacko In The Box INC
G-12 LLC
Grant Deed
—
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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