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    3000 Mission Rd Tucson, AZ 85713

    Sponsored
    For Sale
    $949,999

    Historic Tucson bar, redevelopment potential

    Property size:
    6,143 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    413
    This iconic Old Pueblo Saloon, "The Hideout," is available for sale. Located at 3000 S Mission Rd, Tucson, AZ 85713, this 6,143 square foot property sits on a 0.72-acre lot and includes two buildings with two stories. Built in 1953, the property features a Class C building with two units, including a one-bedroom apartment upstairs. The sale includes all furnishings, equipment, inventory, and fixtures, along with a Class 6 liquor license. Currently zoned R-1, the property offers significant redevelopment potential. Possible uses include maintaining the existing saloon, converting it into a coffee shop, BBQ joint, bakery, apartments, condos, duplexes, retail space, or dispensary. The land value is $162.77 per square foot, and the asking price is $949,999 ($154.65 per square foot). The large lot offers ample parking and could be ideal for events. The property is offered fee simple and the occupancy date is August 19, 2024. This is a rare opportunity to acquire a well-established business with significant upside in a rapidly growing area of Tucson.

    Property Features for 3000 Mission Rd

    General Information

    Property type
    Hospitality properties
    Square Feet
    6,143 SF
    Class
    C
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1953
    Buildings
    2
    Stories
    2
    Units
    2

    We can help!

    Listing Contact
    Calvin Case

    Learn more

    Property Insight Report

    HighLights

    • Iconic Old Pueblo Saloon, "The Hideout," for sale at 3000 S Mission Rd, Tucson, AZ 85713.
    • 6,143 SF building on a 0.72‑acre lot, including two two‑story structures.
    • Includes all FF&E and a Class 6 liquor license.
    • Currently zoned R‑1, offering redevelopment potential for various uses including apartments, retail, or a dispensary.
    • Asking price: $949,999 ($154.65/SF); land value: $162.77/SF. Occupancy date: August 19, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arizona's Most Famos ... Restaurant Hideout the Original Bar

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.0019093
    Latitude
    32.1873841

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    FAQs

    What type of property is this?
    Hospitality property - Historic Tucson bar, redevelopment potential
    Where is this hospitality property located?
    The property is located at 3000 Mission Rd Tucson, AZ.
    What is the asking price?
    The asking price for this property is $949,999.
    What are key features of this property?
    This property features: Iconic Old Pueblo Saloon, "The Hideout," for sale at 3000 S Mission Rd, Tucson, AZ 85713.; 6,143 SF building on a 0.72-acre lot, including two two-story structures.; Includes all FF&E and a Class 6 liquor license.
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    3000 Mission Rd Tucson, AZ 85713
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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
    3000 Mission Rd Tucson, AZ 85713
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    We can help!
    Listing Contact
    Calvin Case
    Real Estate License ID: Br526589000
    Learn more
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