655 20th St Yuma, AZ 85365-2414
Property profile & analytics
655 20th St Yuma, AZ 85365-2414
- Warehouses
- 23,200 SF
- 1.13 lot acres
Property ID
US07-2528758
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.
Location Intelligence
Current Use by Public Records
- Azul River Water / Big Box & Wholesale Store
- Custom Truck One Source / Car Dealership
- yuma pest control / Garden Center
- Wolf Works Woodworking / General Contractor
- NESCO Specialty Rentals - Yuma, AZ / (Bike/Boat/Book/etc) Store / Rental Equipment Company
Property Details for 655 20th St
- Year built
- 1966
- Construction
- STEEL FRAME
- Lot size
- 1.13 lot acres
- Property size
- 23,200 SF
- Zone code
- 5
- Property type
- Warehouses
- APN
- 665-53-072
- APU
- 66553072
Description
This exceptional investment opportunity presents a 25,000-square-foot warehouse in Yuma, Arizona, currently leased to Custom Truck One Source, a leading provider of specialty equipment. The property, situated on 1.13 acres at 655 E 20th St, Yuma, AZ 85365, boasts a strong 5-year net lease (NNN) with 3% annual rent bumps and two, three-year renewal options at fair market value. The lease commenced June 30, 2024, and expires June 29, 2029, offering a remaining lease term of approximately 4.6 years. Built in 1966 and renovated in 2017, the building features metal construction with a brick façade, two drive-in doors, one sliding door, and an asphalt parking lot. The property is currently undergoing over $500,000 in improvements to expand air-conditioned/HVAC spaces. With a current NOI of $206,250 and a pro-forma NOI of $212,438, the property offers a compelling 7.15% cap rate and a pro-forma cap rate of 7.36%. The asking price is $2,884,615, translating to $115.38 per square foot and $58.60 per square foot for land value. The property's location offers easy access to major transportation routes and benefits from Yuma's growing economy, driven by agriculture, defense, and tourism. The tenant's strong financial performance and long-term lease provide a secure and attractive investment opportunity. APN: 665-53-072.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,575,000
- ML approach
- $1,585,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,115,000
- 6.5%
- $1,950,000
- 7%
- $1,810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,086,000
Market price range: $36.9k - $1.80M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,550,000
- AUTO REPAIR, GARAGE
- $2,310,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Yuma
- County
- Yuma
- State
- Arizona
- Longitude
- -114.612
- Latitude
- 32.6909
- 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
$3,169
$567
$23,395
$23,962
-
$24,588
$1,014,944
$1,039,532
