240 Freeport DrNogales, AZ 85621

Property Details for 240 Freeport Dr

Year built

1983

Construction

CONCRETE

Lot size

0.55 AC

Property size (Sq ft)

8,257 SF

Property type

Office properties

Property subtype

Office buildings

APN

113-49-019C

APU

11349019C

Description

This exceptional 8,257-square-foot executive office building in Nogales, Arizona, presents a unique investment opportunity. The single-tenant, Class C property boasts a convenient location, just a short walk from the Mariposa Port of Entry and the border with Mexico. The two-story building features expansive open office areas, ideal for collaborative work environments, complemented by several private offices for focused work and executive suites. Multiple large conference rooms provide ample space for meetings and presentations. The property includes convenient on-site parking with 20+ spaces, ensuring ample accommodation for employees and visitors. Its strategic location offers easy access to major transportation arteries, being only three miles from Interstate 19 and seven miles from Rio Rico (Exit 12). A one-hour drive to Tucson provides convenient access to a larger metropolitan area. The property's 2023 property taxes totaled $8,515. This turnkey office building is ready for immediate occupancy and presents a compelling opportunity for businesses seeking a strategic presence in the dynamic Nogales market. The building's size and layout offer significant flexibility for a variety of business needs. The convenient location near the border crossing makes this property particularly attractive for businesses involved in cross-border commerce. This is a rare opportunity to acquire a well-maintained, functional office building in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,108,089

  6.5%

  $1,022,852

  7%

  $949,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,373,965

  Geo Method

  $1,373,965

• Alternative Use

  Use

  Valuation

  Residential

  $1,268,336

  Hospitality

  $1,161,789

  Educational

  $966,595

  Medical

  $999,838

  Retail

  $1,503,592

Location Insight

City

Nogales

County

Santa Cruz

State

Arizona

Latitude

31.3366

Longitude

-110.969

CBSA code

35700

CBSA name

NOGALES, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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