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Property profile & analytics
OFF-MARKET
Estimated value
$2,810,000
Warehouses
7940 Kolb Rd, Tucson, AZ 85756-9237
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0873318
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
FRAME
Total area
9,000 SF
Lot
2.69 ac (117,197 SF)
APN
141-09-8500
UPID
US07-0873318
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
Current use
Occupant on record · Public records
-
Barrio Cannabis Specialty Food Shop Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
3j LLC · 3 yrs held
3j LLC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+260.8%
Commercial (general)
$3.1M
+163.1%
Neighborhood: shopping center
$2.6M
+124.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tucson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tucson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,960,000
ML approach
$2,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,190,000
Change: +261% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,055,000
Change: +163% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,605,000
Change: +124% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,450,000
Change: +111% · Conversion: Easy
MEDICAL BUILDING
$2,010,000
Change: +73% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,855,000
Change: +60% · Conversion: Easy
Blend value · Realmo final
$2.81M
Range $2.53M – $3.09M · ±10% · vs last sale $2.70M (Apr 14 2023)
Last sale anchor
$2.70M
Apr 14 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$312 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,681
Tax year 2023
Assessed value
$108,905
Assessed 2024
Previous assessed
$100,562
+8.3% YoY
Effective rate
10.73%
On assessed value
Assessed land
$13,361
Assessed improvement
$95,544
Land market value
$89,070
Improvement market value
$636,960
Total market value
$726,030
Applied tax rate
2,050.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
9,000 SF
Lot
2.69 ac (117,197 SF)
APN
141-09-8500
UPID
US07-0873318
Jurisdiction
PIMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.69 ac
Current owner
From public records · entity-resolved
3j LLC
Entity
Mailing address
PO BOX 65146, TUCSON, AZ 85728-5146
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
$2,700,000
3j LLC
Lg7940 LLC
Special Warranty Deed
$1,250,000 · Lg7940 LLC
Mar 23, 2016
$820,000
Lg7940 LLC
7940 South Kolb Road LLC
Warranty Deed
$620,000 · 7940 South Kolb Road LLC
Mar 23, 2016
—
7940 South Kolb Road LLC
Trust 18193-t
Grant Deed
related
—
Sep 19, 2013
—
Trust 18193-t
7940 South Kolb Road LLC
Grant Deed
related
—
Jul 8, 2010
—
7940 South Kolb Road LLC
Trust 18193-t
Grant Deed
$380,000 · Commerce Bank Of Arizona
Apr 13, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jan 12, 2009
—
Trust 18193-t
Kolb Road Business Park I LLC
Warranty Deed
related
—
—
—
7940 South Kolb Road LLC
—
Loan Modification
related
—
—
—
Kolb Road Business Park I LLC
—
Deed Of Trust
related
$250,000 · Commerce Bank Of Arizona
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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