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    Property profile & analytics

    345 Toole Ave Tucson, AZ 85701

    • Office Properties & Spaces
    • 8,227 SF
    • 0.20 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    Last Sale
    Mar 09, 2021
    $4,600,000
    Location Intelligence
    Property ID
    US07-0242370
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Crown Chimp / Video Production Service
    • Madden Media / Advertising Agency / Internet Marketing Service
    • Valley Guide Magazine / Tourist Information Center
    • Tucson Golf Guide / Publisher / Professional Services
    • MacArthur Building, Tucson / Hotel

    Property Details for 345 Toole Ave

    Year built
    1961
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Property size
    8,227 SF
    Property type
    Office Properties & Spaces
    APN
    117-06-089C
    APU
    11706089C

    Description

    The MacArthur Building presents a unique opportunity to lease a landmark three-story office building in Tucson's vibrant downtown. This approximately 24,260 square foot Class A property, built in 1908 and renovated in 2009, boasts a distinctive flat-iron style architecture. The building offers a blend of historical charm and modern amenities, featuring large windows with expansive views of the city and surrounding mountains. Currently, the entire 24,260 square feet is available for lease as a single space, making it ideal for a large tenant seeking a prominent downtown location. The building includes 90 parking spaces and elevators for convenient access to all three floors. Its OCR-2 zoning allows for office and retail uses, and even high-rise mixed-use development potential. Located less than a mile from the University of Arizona and Interstate 10, and just one block from the streetcar, this property enjoys exceptional accessibility and visibility. Surrounded by thriving commercial, cultural, and residential activity, the MacArthur Building offers a prestigious address in the heart of Tucson's downtown business district. This one-of-a-kind structure represents a rare opportunity to secure a significant presence in a highly desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.968
    Latitude
    32.2233
    CBSA code
    46060
    CBSA name
    TUCSON, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $47,150
    $38,417
    $407,841
    $446,258
    -
    $213,425
    $2,265,781
    $2,479,206

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    Tucson, AZ 85701
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    Realmo Value Estimation

    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.

    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.

    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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