Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5045 Riv Run Dr Tucson, AZ 85746
    Back to Search
    Property profile & analytics

    5045 Riv Run Dr Tucson, AZ 85746

    View on Map
    • Apartment buildings
    • 2,212 SF
    • 0.11 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 5045 Riv Run Dr

    Year built
    2017
    Lot size
    0.11 lot acres
    Property size
    2,212 SF
    Property type
    Apartment buildings

    Description

    This exceptional 2-story apartment building, constructed in 2017, presents a compelling investment opportunity in Tucson, Arizona. Located at 5045 S River Run Drive, this property boasts 2,212 square feet situated on a 0.11-acre lot. The building features four bedrooms and multiple bathrooms, offering ample living space. The open-concept design seamlessly integrates the living, dining, and kitchen areas on the lower level. The kitchen is well-appointed with granite countertops, abundant cabinetry with crown molding, recessed lighting, a convenient pantry, and built-in appliances. A sizable loft provides versatile space, ideal for use as an office or entertainment area. Additional features include window coverings and smoke detectors. Parking is available via a garage, carport, and street parking. The property's proximity to Santa Cruz River Park provides easy access to walking and biking trails, enhancing its appeal and potential rental income. This multifamily property offers a strong return on investment in a desirable Tucson location. The property is conveniently located in the Oakmore At Midvale Community, providing residents with access to community amenities. This turnkey investment is ready for immediate occupancy or rental income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.995
    Latitude
    32.1603

    Comparable in this City

    • Value Estimation by Request
      0.92 Acres

      Tucson, AZ 85746

      APARTMENT HOUSE (100+ UNITS) • 0.92 Acres
      Tucson, AZ 85746
      View Details
    • Value Estimation by Request
      1,540 SF

      1911 Irvington Pl

      Multifamily properties • 1,540 SF
      1911 Irvington Pl, Tucson, AZ 85746
      View Details
    • Value Estimation
      $875,000
      2,626 SF

      2040 Nebraska St

      APARTMENT HOUSE (5+ UNITS) • 2,626 SF
      2040 Nebraska St, Tucson, AZ 85746-1163
      View Details
    • Value Estimation by Request
      1.00 Acre

      5251 Cactus Wren Ave

      MOBILE HOME PARK, TRAILER PARK • 1.00 Acre
      5251 Cactus Wren Ave, Tucson, AZ 85746-1070
      View Details
    • Value Estimation by Request
      811 SF

      4411 Valencia Rd

      MOBILE HOME PARK, TRAILER PARK • 811 SF
      4411 Valencia Rd, Tucson, AZ 85746-9387
      View Details
    • Value Estimation by Request
      144 SF

      5241 Cactus Wren Ave

      MOBILE HOME PARK, TRAILER PARK • 144 SF
      5241 Cactus Wren Ave, Tucson, AZ 85746-1000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,320 SF

      Family Dollar Investment Opportunity

      8,320 SqFt Family Dollar store with 7.39% CAP rate.
      2820 W Los Reales Rd, Tucson, AZ 85746
      View Details
    • Contact for pricing
      263,937 SF

      Tucson Distribution Center Near I-19

      Distribution center with immediate access to I-19 and major routes.
      6700 S Pella Dr, Tucson, AZ 85746
      View Details
    • Contact for pricing

      Commercial Pads For Sale/Lease

      Pads available for sale or lease in booming trade area.
      2011 W Irvington Pl, Tucson, AZ 85746
      View Details
    • Contact for pricing

      Tucson Land For Sale

      1.33-acre commercial land with C-1 zoning in Tucson, Arizona.
      1660 W Irvington Rd, Tucson, AZ 85746
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale in Tucson, Arizona.
      3053 W Valencia Road, Tucson, AZ 85746
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale in Tucson, Arizona.
      3053-3317 W Valencia Road, Tucson, AZ 85746
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      51,786 SF

      Industrial Property with Canopy and Offices

      51,786 SF industrial space on 7.8 acres for lease.
      6701 South Midvale Park Rd, Tucson, AZ 85746
      View Details
    • Contact for pricing

      Valencia Road Commercial Space

      Commercial space available for lease on Valencia Road.
      2940-3000 W Valencia Road, Tucson, AZ 85746
      View Details
    • Contact for pricing

      Retail Space in Valencia Village

      Retail space for lease in Southwest Tucson's Valencia Village.
      Swc Of Valencia Rd & Westover Ave, Tucson, AZ 85746
      View Details
    • Contact for pricing

      Valencia Road Freestanding Pad

      Freestanding pad with high visibility on Valencia Road.
      1800 W Valencia Road, Tucson, AZ 85746
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      214,867 SF industrial warehouse for lease in Tucson, AZ.
      4150 E Los Reales Rd, Tucson, AZ 85746
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5045 Riv Run Dr
    Tucson, AZ 85746
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5045 Riv Run Dr, Tucson, AZ, 85746
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!