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

    3800 24th St, Unit 1 Yuma, AZ 85364-9258

    • Medical offices
    • 4,177 SF
    • 0.94 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2023
    $2,068,050
    Value Estimations
    $2,190,000
    Show details
    Cap Rate Potential
    2.2%
    Medical offices
    Location Intelligence
    Property ID
    US07-1582674
    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

    • Star Insurance Service AZ / Insurance Agency / Auto Insurance Agency
    • Yuma Regional Medical Center Internal Medicine & Diabetes Clinic / Medical Clinic / Diabetologist
    • Michael Lau, P.A. / Diabetologist / Internist
    • Maria Contreras, N.P. / Family Practice Physician
    • Michael Lau / General Practitioner

    Property Details for 3800 24th St

    Year built
    2012
    Construction
    STEEL FRAME
    Lot size
    0.94 lot acres
    Property size
    4,177 SF
    Zone code
    B-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    664-57-210
    APU
    66457210

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,490,000
      ML approach
      $2,365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,967,000
      Market price range: $723k - $2.92M

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

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Arizona
    Longitude
    -114.665
    Latitude
    32.6847
    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
    $14,749
    $3,675
    $109,600
    $113,275
    -
    $21,620
    $644,706
    $666,326

    Comparable in this City

    • Value Estimation by Request
      464 SF

      2281 24th St Ste, Unit 12

      MEDICAL BUILDING • 464 SF
      2281 24th St Ste, Yuma, AZ 85364-6197
      View Details
    • Value Estimation by Request
      276 SF

      2281 24th St, Unit 19

      MEDICAL BUILDING • 276 SF
      2281 24th St, Yuma, AZ 85364-6154
      View Details
    • Value Estimation
      $930,000
      4,591 SF

      1975 24th St

      MEDICAL BUILDING • 4,591 SF
      1975 24th St, Yuma, AZ 85364-6105
      View Details
    • Value Estimation
      $590,000
      3,409 SF

      1695 24th St

      MEDICAL BUILDING • 3,409 SF
      1695 24th St, Yuma, AZ 85364-6205
      View Details
    • Value Estimation
      $1,215,000
      9,280 SF

      1325 16th St

      MEDICAL BUILDING • 9,280 SF
      1325 16th St, Yuma, AZ 85364-4496
      View Details
    • Value Estimation
      $1,185,000
      4,393 SF

      610 Catalina Dr

      MEDICAL BUILDING • 4,393 SF
      610 Catalina Dr, Yuma, AZ 85364-8011
      View Details

    Similar Nearby for Sale

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      Two-story commercial building with offices and warehouse space for sale.
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      Yuma Industrial Warehouse - Great Potential

      Spacious Warehouse, 1.28 Acres, Excellent Location
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    • $495,000

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    • Contact for pricing

      Highway 95 Retail Pads Available

      Retail pads for sale with high visibility on Highway 95.
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    Similar Nearby for Lease

    • $32 SF/Yr
      15,000 SF

      Yuma Medical Office Suite Available

      1,375 SF Medical Office Space in Yuma, AZ
      2383 24Th St, Yuma, AZ 85364
      View Details
    • $21 SF/Yr
      1,768 SF

      Prime Yuma Retail/Office Space

      1,768 SF Executive Office Suite Available
      2730 16Th St, Yuma, AZ 85364
      View Details
    • $1.00 SF/Yr
      12,000 SF

      Prime Office Space Available

      Centrally located office space with convenient parking and easy access.
      275 W 17Th Pl, Yuma, AZ 85364
      View Details
    • $2.00 SF/Yr
      6,630 SF

      Second-Floor Office Suite in Yuma

      Divisible 7,550 SF office suite with professional amenities.
      170 W 16Th St, Yuma, AZ 85364
      View Details
    • Contact for pricing
      8,400 SF

      Retail Space with High Traffic

      Retail space with convenient parking and easy highway access.
      1613-1659 S 4Th Ave, Yuma, AZ 85364
      View Details
    • $30 SF/Yr
      1,600 SF

      Retail Space in Yuma Marketplace

      Retail space for lease in high-traffic Yuma Marketplace.
      2383 W 24Th St, Yuma, AZ 85364
      View Details
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    Yuma, AZ 85364-9258
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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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