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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    910-918 Irvington Rd Tucson, AZ 85714

    • Neighborhood centers
    • 29,441 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 910-918 Irvington Rd

    Property size
    29,441 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Placita Del Rio, located at 910-918 W Irvington Rd in Tucson, Arizona (zip code 85714), presents a unique opportunity for retail businesses seeking prime commercial space in a Class A strip center. This Pima County property boasts a total of 29,441 square feet, offering flexible lease options for various needs. Currently, there are multiple spaces available, with a minimum divisible space of 1,136 square feet and a maximum contiguous space of 5,218 square feet. A significant 7,557 square feet is currently vacant, providing ample opportunity for expansion or new tenancy. The property's "A" class designation reflects its high-quality construction and desirable location. The address is easily accessible and situated within a thriving commercial area of Tucson. This retail center is ideal for businesses seeking high visibility and convenient access for customers. The property's layout allows for a variety of configurations to suit different business models. Interested parties are encouraged to inquire about available space and lease terms. This is an exceptional opportunity to establish or expand a retail presence in a prime Tucson location. The property is categorized as a commercial strip center with multiple tenancies.

    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
    -110.983
    Latitude
    32.1654

    Comparable in this City

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      50,323 SF

      1810 Irvington Rd

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    • Value Estimation by Request

      1922 Irvington Rd

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      1922 Irvington Rd, Tucson, AZ 85714
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      $240,000
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      4505 12th Ave

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      4745 12th Ave

      SHOPPING CENTER, STRIP CENTER • 0.18 Acres
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    • Value Estimation
      $225,000
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      4547 6th Ave

      SHOPPING CENTER, STRIP CENTER • 0.16 Acres
      4547 6th Ave, Tucson, AZ 85714-2813
      View Details
    • Value Estimation
      $245,000
      0.66 Acres

      4405 Lndg Way

      SHOPPING CENTER, STRIP CENTER • 0.66 Acres
      4405 Lndg Way, Tucson, AZ 85714
      View Details

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      Turnkey Restaurant in Southwest Tucson

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      Butterfield Business Center Land

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    Similar Nearby for Lease

    • $20 SF/Yr
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      Irvington Plaza Retail Center

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      Centre Point Shopping Center Spaces

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    • Contact for pricing
      29,441 SF

      Prime Tucson Retail Space Available

      Class A Strip Center, Multiple Units
      910-918 Irvington Rd, Tucson, AZ 85714
      View Details
    • $12 SF/Yr
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      Butterfield Business Center Flex Space

      Prime I-10 Flex Space: 2,093 sq ft available.
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      Prime Tucson Retail Space

      7,386 SF Single-Tenant Retail Building
      675 Irvington Rd, Tucson, AZ 85714
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      Retail Space in Kino Gateway

      Retail space available in a busy shopping center.
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    910-918 Irvington Rd
    Tucson, AZ 85714
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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
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