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

    5000 Mediterranean Dr Sierra Vista, AZ 85635-2422

    • Office buildings
    • 6,289 SF
    • 0.71 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2023
    $1,000,000
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    4.2%
    Office buildings
    Location Intelligence
    Property ID
    US07-0985502
    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

    • Waddell & Reed, Inc. - Financial Advisors / Financial Planner / Financial Consultant
    • Northwest Rheumatology / Medical Clinic / Rheumatologist
    • Tok Ulker MD / Rheumatologist
    • Cardinal Pointe Financial Group - Ameriprise Financial Services, LLC / Financial Planner / Investment Service
    • Stephen T Hester - Private Wealth Advisor, Ameriprise Financial Services, LLC / Financial Planner / Investment Service

    Property Details for 5000 Mediterranean Dr

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    0.71 lot acres
    Property size
    6,289 SF
    Property type
    Office buildings
    APN
    107-16-013B
    APU
    10716013B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,210,000
      ML approach
      $1,075,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $855,000
      6.5%
      $790,000
      7%
      $735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,056,000
      Market price range: $544k - $1.31M
      AI Estimate
      $775,000
      Market price range: $372k - $1.00M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $940,000
      Current use
      RESTAURANT
      $995,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sierra Vista
    County
    Cochise
    State
    Arizona
    Longitude
    -110.244
    Latitude
    31.5552
    CBSA code
    43420
    CBSA name
    SIERRA VISTA-DOUGLAS, 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
    2023
    $11,774
    $13,917
    $87,674
    $101,591
    -
    $92,783
    $584,496
    $677,279

    Comparable in this City

    • Value Estimation
      $335,000
      4,000 SF

      741 Fry Blvd

      OFFICE BUILDING • 4,000 SF
      741 Fry Blvd, Sierra Vista, AZ 85635-1826
      View Details
    • Value Estimation
      $535,000
      1,228 SF

      197 Fry Blvd

      OFFICE BUILDING • 1,228 SF
      197 Fry Blvd, Sierra Vista, AZ 85635-1847
      View Details
    • Value Estimation
      $500,000
      5,880 SF

      1201 Fry Blvd

      OFFICE BUILDING • 5,880 SF
      1201 Fry Blvd, Sierra Vista, AZ 85635-2601
      View Details
    • Value Estimation
      $385,000
      3,405 SF

      75 Gdn Ave

      OFFICE BUILDING • 3,405 SF
      75 Gdn Ave, Sierra Vista, AZ 85635-3805
      View Details
    • Value Estimation
      $700,000
      11,008 SF

      2211 Oakmont Dr

      OFFICE BUILDING • 11,008 SF
      2211 Oakmont Dr, Sierra Vista, AZ 85635-2499
      View Details
    • Value Estimation
      $295,000
      5,946 SF

      1849 Paseo San Luis

      OFFICE BUILDING • 5,946 SF
      1849 Paseo San Luis, Sierra Vista, AZ 85635-4613
      View Details

    Similar Nearby for Sale

    • $725,000
      Pending

      Sierra Vista Commercial Office Building

      Turnkey office building with ample parking in Sierra Vista.
      2100 Paseo San Luis, Sierra Vista, AZ 85635
      View Details
    • $199,000

      Prime Sierra Vista Office Land

      ±1.07 Acres, Vacant, GC Zoning
      1711 Paseo San Luis, Sierra Vista, AZ 85635
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    • $349,000
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      Versatile Commercial Property with Apartment

      Commercial building with attached apartment and additional residential lot.
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    • $850,000
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      Sierra Vista Commercial Land Parcel

      5+ acre commercial land near Canyon Vista Medical Center.
      90 -- Tbd Hwy E, Sierra Vista, AZ 85635
      View Details
    • $4,000,000
      33.00 Acres

      Sierra Vista Multifamily Land

      33 Acres, Prime Location, AZ
      33 Acres Hp5J+Mmg, Sierra Vista, AZ 85635
      View Details
    • Contact for pricing
      0.95 Acres

      Sierra Vista Land with Views

      Almost one acre lot near Canyon Vista Medical Center.
      712 N Schrader Rd, Sierra Vista, AZ 85635
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      103,914 SF

      Cochise Plaza: Office & Retail Space

      Prime Sierra Vista Office/Retail Opportunity
      2085 Fry Blvd. 49 –157 N Coronado Dr, Sierra Vista, AZ 85635
      View Details
    • Contact for pricing
      2,162 SF

      Sierra Vista Office Space Available

      Office space for rent in the heart of Sierra Vista.
      157 N Coronado Dr, Sierra Vista, AZ 85635
      View Details
    • $8 SF/Yr
      11,361 SF

      Sierra Vista Retail Corridor Opportunity

      Retail spaces available along Sierra Vista's primary retail corridor.
      834-934 E Fry Blvd, Sierra Vista, AZ 85635
      View Details
    • Contact for pricing
      370,057 SF

      Sierra Vista Mall Retail Space

      Prime Retail Space, Southern Arizona
      2200 El Mercado Loop, Sierra Vista, AZ 85635
      View Details
    • $15 SF/Yr
      8,113 SF

      Plaza Vista Mall: Retail Spaces Available

      Prime Cochise County retail space; 8,113 sq ft available.
      90 And Charleston Rd 629 Hwy 90, Sierra Vista, AZ 85635
      View Details
    • $12 SF/Yr
      1,951 SF

      Sierra Vista Retail Space Available

      Retail space in Sierra Vista with high visibility and access.
      2085-2397 E Fry Blvd, Sierra Vista, AZ 85635
      View Details
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    Sierra Vista, AZ 85635-2422
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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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