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    Property profile & analytics
    OFF-MARKET Estimated value $770,000
    Office buildings

    785 Main St, Yuma, AZ 85364

    2,852 SF 12.29 ac lot Built 1950
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US07-1538147
    Property summary
    AI-generated overview

    This exceptional 12.29-acre commercial land parcel presents a unique development opportunity in the heart of historic downtown Yuma, Arizona. Located at 785 S Main St, Yuma, AZ 85364 (APN 633-52-070), this property boasts Heavy Industrial (HI) zoning, offering significant flexibility for a variety of commercial projects. The land is priced at $1.82 per square foot, totaling $975,000. Its prime location just off Interstate 8 ensures high visibility and accessibility. The property's proximity to Yuma's vibrant Main Street district provides immediate access to a thriving hub of restaurants, entertainment venues, and retail shops. Furthermore, major employers such as the City of Yuma, Yuma County, and various court houses are within easy walking distance, creating a strong workforce pool. This advantageous location is further enhanced by the City of Yuma's Infill Incentive Plan, offering potential developer incentives. The property also includes an existing ±2,852 square foot office building, presenting additional development or repurposing possibilities. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area with significant development potential.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1950
    Construction CONCRETE
    Total area 2,852 SF
    Lot 12.29 ac (535,352 SF)
    Zoning code HI
    APN 633-52-070
    UPID US07-1538147
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $820k
    CAP Approach CAP
    $715k
    Comparable Approach Comparable
    $624k
    Blend (final) Blend
    $770k
    Owner & transaction history
    City Of Yuma · 2 yrs held
    City Of Yuma
    since 2023
    Last sale
    $775,000
    1 recorded transaction
    2023
    $775,000
    Zoning & alternative use
    HI · Yuma, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.2M +83.1%
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