Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    441 N Grand Ave Nogales, AZ 85621
    Back to Search
    Property profile & analytics

    441 N Grand Ave Nogales, AZ 85621

    View on Map
    • Community centers
    • 3,139 SF
    • 1.28 lot acres
    For Sale
    $2,400,000
    View Listing →
    Established Retail and Office Center For Sale
    $2,400,000
    37,482 SF

    Established Retail and Office Center

    Retail and office commercial center on 2.06 acres.

    441 N Grand Avenue, Nogales, AZ 85621
    View Listing
    Property ID
    US07-1195285
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Buffalo Outlet Nogales / Clothing & Fashion Store
    • Geo's Nails and More LLC / Nail Salon
    • AMIGO'S, GUIDES & OUTFITTERS / Hunting Club
    • Desert Trophy Outfitters / Hunting Club
    • Camou Brothers Outfitters / Hunting Club

    Property Details for 441 N Grand Ave

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    1.28 lot acres
    Property size
    3,139 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    101-50-044A
    APU
    10150044A

    Description

    This exceptional investment opportunity presents the chance to acquire the highly sought-after El Alamo Plaza, a thriving commercial center situated on a substantial 2.06-acre lot in the vibrant heart of downtown Nogales, Arizona. Strategically located approximately 0.45 miles north of the US-Mexico border, this property enjoys exceptional visibility and accessibility. The plaza is easily reached via N. Grand Avenue (heading south towards Mexico) or N. Arroyo Blvd (heading north from Mexico), ensuring convenient access for both local and cross-border traffic. The expansive 37,482 square foot complex houses a diverse portfolio of 21 income-producing units, comprising 16 retail spaces, one large-format retail unit, three office spaces, and a single, independent retail hub. A strong tenant roster includes established businesses such as O'Reilly Auto Parts, Buffalo Exchange, PostNet Postal Service, Anda Laundry Mat, Dorado Staffing Services, Futuro Insurance, Medicare Community Resource Center, and Lorigo Construction, providing a stable and diversified income stream. This property represents a rare opportunity to own a significant commercial asset in a dynamic border town with substantial growth potential. The substantial lot size also offers potential for future expansion or redevelopment. The asking price for this exceptional property is $3,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Nogales
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -110.939
    Latitude
    31.3397
    CBSA code
    35700
    CBSA name
    NOGALES, AZ MICROPOLITAN 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
    0
    $0.00
    $0.00
    $554,685
    $554,685
    -
    $0.00
    $554,685
    $554,685

    Comparable in this City

    • Value Estimation by Request
      7,468 SF

      300 Mariposa Rd

      MINI-MALL • 7,468 SF
      300 Mariposa Rd, Nogales, AZ 85621-1043
      View Details
    • Value Estimation
      $785,000
      13,842 SF

      270 Grand Ct Plz

      MINI-MALL • 13,842 SF
      270 Grand Ct Plz, Nogales, AZ 85621-2745
      View Details
    • Value Estimation
      $2,555,000
      107,710 SF

      351 Mariposa Rd

      MINI-MALL • 107,710 SF
      351 Mariposa Rd, Nogales, AZ 85621-1044
      View Details
    • Value Estimation
      $1,700,000
      49,451 SF

      210 Mariposa Rd

      MINI-MALL • 49,451 SF
      210 Mariposa Rd, Nogales, AZ 85621-1041
      View Details
    • Value Estimation by Request
      7,450 SF

      2031 Grand Ave

      MINI-MALL • 7,450 SF
      2031 Grand Ave, Nogales, AZ 85621-1038
      View Details
    • Value Estimation
      $4,385,000
      208,486 SF

      100 White Park Dr

      MINI-MALL • 208,486 SF
      100 White Park Dr, Nogales, AZ 85621-1021
      View Details

    Similar Nearby for Sale

    • $899,999
      17,813 SF

      Nogales Commercial Building with Retail

      Commercial building with retail units and development opportunity in Nogales.
      142 N Grand Ave, Nogales, AZ 85621
      View Details
    • $6,000,000
      Pending

      Downtown Nogales Commercial Block Portfolio

      Prime 1.72-acre commercial property in downtown Nogales, Arizona.
      152 N Terrace Ave, Nogales, AZ 85621
      View Details
    • $2,400,000
      37,482 SF

      Established Retail and Office Center

      Retail and office commercial center in downtown Nogales, Arizona.
      441 N Grand Ave, Nogales, AZ 85621
      View Details
    • $2,400,000
      37,482 SF

      Established Retail and Office Center

      Retail and office commercial center on 2.06 acres.
      441 N Grand Ave, Nogales, AZ 85621
      View Details
    • $300,000
      7,460 SF

      Historical Mixed-Use Noon Building

      Historical building near the border with business and office opportunities.
      185 N Grand Ave, Nogales, AZ 85621
      View Details
    • Contact for pricing
      5,919 SF

      Nogales Commercial Building For Sale

      Well-maintained commercial building with 28 offices and ample parking.
      32 Boulevard Del Rey David, Nogales, AZ 85621
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,500 SF

      Retail Space Near US-Mexico Border

      Retail space available in Nogales, Arizona, near US-Mexico border.
      254-324 W Mariposa Rd, Nogales, AZ 85621
      View Details
    • Contact for pricing
      20,000 SF

      Mariposa Mall Retail Space

      Dominant shopping center serving Nogales, Arizona and Sonora, Mexico.
      250 W Mariposa Rd, Nogales, AZ 85621
      View Details
    • $14 SF/Yr
      17,455 SF

      Retail Space on Mariposa Road

      Shopping center space for lease near the US-Mexico border.
      230 West Mariposa Rd, Nogales, AZ 85621
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Plaza

      Retail space in a shopping center near the border crossing.
      470 North Grand Court Plz, Nogales, AZ 85621
      View Details
    • $14 SF/Yr
      6,697 SF

      Retail Space Near US-Mexico Border

      Retail space available in Nogales, Arizona, near US-Mexico border.
      204-230 W Mariposa Rd, Nogales, AZ 85621
      View Details
    • Contact for pricing
      50,213 SF

      Retail Space in Mariposa Mall

      50,213 SF retail space available for sublease in Nogales.
      300 West Mariposa Rd, Nogales, AZ 85621
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    441 N Grand Ave
    Nogales, AZ 85621
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    441 N Grand Ave, Nogales, AZ, 85621
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!