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Property profile & analytics
OFF-MARKET
Office buildings
308 Main St Somerton, AZ 85350
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1352623
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1918
Construction
FRAME
Total area
4,143 SF
Lot
0.16 ac (6,800 SF)
Zoning code
MSC
APN
743-62-132
UPID
US07-1352623
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
-
Chicanos Por La Causa Arizona Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cplc Property Holdings LLC · 5 yrs held
Cplc Property Holdings LLC
since 2020
4 recorded transactions
Zoning & alternative use
MSC · Somerton, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Main Street Corridor Zoning District is intended to be the economic core of the community by allowing a mix of retail, business, residential and government center uses.
Zone name
Main Street Corridor
General category
CIVIC_INSTITUTIONAL
Zone area
26.80 ac
Source
Realmo
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 Somerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$24,945
Assessed 2023
Previous assessed
$27,716
-10.0% YoY
Assessed land
$5,219
Assessed improvement
$19,726
Land market value
$49,300
Improvement market value
$186,340
Total market value
$235,640
Applied tax rate
1,140.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1918
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,143 SF
Lot
0.16 ac (6,800 SF)
Zoning code
MSC
APN
743-62-132
UPID
US07-1352623
Jurisdiction
YUMA
Zoning & alternative use
MSC · Somerton, AZZoning MSC · permitted uses
MSC · Somerton, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Main Street Corridor Zoning District is intended to be the economic core of the community by allowing a mix of retail, business, residential and government center uses.
Zone name
Main Street Corridor
General category
CIVIC_INSTITUTIONAL
Zone area
26.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1918
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Cplc Property Holdings LLC
Entity
Mailing address
1122 E BUCKEYE RD, PHOENIX, AZ 85034-4020
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2020
—
Cplc Property Holdings LLC
Chicanos Por La Causa INC
Warranty Deed
$12,500,000 · First Fidelity Bank
—
—
Chicanos Por La Causa INC
—
Deed Of Trust
related
$4,505,000 · Wells Fargo Bk
—
—
Chicanos Por La Causa INC
—
Deed Of Trust
related
$4,505,000 · Wells Fargo Bk
—
—
Chicanos Por La Causa INC
—
Deed Of Trust
related
$108,000 · First Bank Yuma
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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