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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Refrigerated & Cold Storage
3425 County 16th St Somerton, AZ 85350-7642
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US07-1542377
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1999
Construction
STEEL FRAME
Total area
10,320 SF
Lot
5.07 ac (220,849 SF)
Zoning code
AG-5
APN
754-06-001
UPID
US07-1542377
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
-
Rio Colorado Export Big Box & Wholesale Store Agricultural Supply
-
F.I.R.M. Inc. Assembly Site Industrial Manufacturer
-
ISCA INC. Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.02M
Owner & transaction history
2689 W County 16th St LLC · 14 yrs held
2689 W County 16th St LLC
since 2011
3 recorded transactions
Zoning & alternative use
AG-5 · Somerton, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the AG-5 district is to provide a very low density, estate type residential use with large animal (horse) privileges. The District serves as a transition between agricultural uses and urban development.
Zone name
Agriculture 5
General category
RESIDENTIAL
Zone area
608.41 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.6M
+117.8%
Retail stores
$1.3M
+87.0%
Neighborhood: shopping center
$1.1M
+52.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$805,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$715,000
Current use
COMMERCIAL (GENERAL)
$1,560,000
Change: +118% · Conversion: Difficult
RETAIL STORES
$1,340,000
Change: +87% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,095,000
Change: +53% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,025,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10%
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
$99 / 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
$12,174
Tax year 2023
Assessed value
$95,203
Assessed 2023
Previous assessed
$93,336
+2.0% YoY
Effective rate
12.79%
On assessed value
Assessed land
$15,306
Assessed improvement
$79,897
Land market value
$101,400
Improvement market value
$529,305
Total market value
$630,705
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
10,320 SF
Lot
5.07 ac (220,849 SF)
Zoning code
AG-5
APN
754-06-001
UPID
US07-1542377
Jurisdiction
YUMA
Zoning & alternative use
AG-5 · Somerton, AZZoning AG-5 · permitted uses
AG-5 · Somerton, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the AG-5 district is to provide a very low density, estate type residential use with large animal (horse) privileges. The District serves as a transition between agricultural uses and urban development.
Zone name
Agriculture 5
General category
RESIDENTIAL
Zone area
608.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
5.07 ac
Current owner
From public records · entity-resolved
2689 W County 16th St LLC
Entity
Mailing address
3625 E COUNTY 18TH ST, YUMA, AZ 85365-4736
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
—
3625 East Co 18th St LLC
—
Deed
related
$2,715,000 · Zb NA
Oct 19, 2011
$650,000
2689 W County 16th St LLC
Fresh Innovations LLC
Grant Deed
—
—
—
Fresh Innovations LLC
—
Deed Of Trust
related
$652,000 · 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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