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    502 E 8Th Ave Yuma, CO 80759
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    502 E 8Th Ave, Yuma, CO 80759

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    • Retail space
    • 22,000 SF
    • 1.66 lot acres
    For Sale
    $2,640,000
    View Listing →
    Prime Retail Space on Highway For Sale
    $2,640,000
    22,000 SF

    Prime Retail Space on Highway

    High-visibility retail space available at a major intersection.

    502 E 8th Ave, Yuma, CO 80759
    View Listing
    Property ID
    US13-1820264
    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

    • Retail space

    Property Details for 502 E 8Th Ave

    Year built
    1980
    Construction
    FRAME
    Lot size
    1.66 lot acres
    Property type
    Retail space
    APN
    Y004149
    APU
    Y004149

    Description

    This exceptional 9,900 square foot retail endcap space is situated at the prominent intersection of US Highway 34 and South Detroit Street in Yuma, Colorado. Boasting excellent visibility and a signalized intersection, this property offers unparalleled exposure to high traffic volume. The building totals 22,000 square feet, with a single-story design. The property sits on a 1.66-acre lot and is part of a thriving retail center. A newly opened Family Dollar & Dollar Tree combination store (12,100 SF) serves as a strong co-tenant, enhancing the location's appeal. Nearby establishments include a Bank of Colorado, First Farm Bank, Dollar General, Dairy Queen, Pizza Hut, and the town's only supermarket, ShopAll, ensuring high foot traffic and consumer activity. This location presents a unique opportunity for businesses seeking maximum visibility and accessibility in a bustling commercial area within Yuma County. The property is categorized as retail storefront with multiple tenancy options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,485,000
      Market price range: $814k - $2.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Colorado
    Longitude
    -102.718
    Latitude
    40.119

    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
    $18,907
    $43,769
    $158,886
    $202,655
    -
    $150,928
    $547,882
    $698,810

    Comparable in this City

    • Value Estimation by Request
      2,658 SF

      214 8th Ave

      RETAIL STORES (PERSONAL SERVICES)
      214 8th Ave, Yuma, CO 80759-2608
      View Details
    • Value Estimation by Request
      1,150 SF

      114 Main St

      RETAIL STORES (PERSONAL SERVICES)
      114 Main St, Yuma, CO 80759-1914
      View Details
    • Value Estimation by Request
      4,900 SF

      900 8th Ave

      RETAIL STORES (PERSONAL SERVICES)
      900 8th Ave, Yuma, CO 80759-2643
      View Details
    • Value Estimation by Request
      12,288 SF

      810 Main St

      RETAIL STORES (PERSONAL SERVICES)
      810 Main St, Yuma, CO 80759-3019
      View Details
    • Value Estimation by Request
      3,362 SF

      100 Main St

      RETAIL STORES (PERSONAL SERVICES)
      100 Main St, Yuma, CO 80759-1914
      View Details
    • Value Estimation
      $515,000
      9,566 SF

      5413 Us Hwy 34

      RETAIL STORES (PERSONAL SERVICES)
      5413 Us Hwy 34, Yuma, CO 80759-9060
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,900 SF

      Prime Retail Space on Highway

      High-visibility retail space available at a major intersection.
      502 E 8Th Ave, Yuma, CO 80759
      View Details
    • Contact for pricing
      22,000 SF

      Prime Retail Space on Highway

      High-visibility retail space available at a major intersection.
      502 E 8Th Ave, Yuma, CO 80759
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    • Contact for pricing
      44,867 SF

      Pizza Hut NNN Investment Opportunity

      NNN Pizza Hut with long-term lease and annual increases.
      831 S Detroit St, Yuma, CO 80759
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    • $50,000

      Vacant Land in Yuma, Colorado

      Vacant land suitable for building a home in Yuma.
      Tbd Apache Dr, Yuma, CO 80759
      View Details
    • New
      $806,000
      155.98 Acres

      Irrigated Farm Land Opportunity

      155.98 acre irrigated farm near Highway 59, Yuma, CO.
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      View Details
    View Listing
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    502 E 8Th Ave
    Yuma, CO 80759
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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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