Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1117 Sherwood Vlg Dr Tucson, AZ 85710-5957
    Back to Search
    Property profile & analytics

    1117 Sherwood Vlg Dr, Tucson, AZ 85710-5957

    View on Map
    • Retail space
    • 2,400 SF
    • 0.26 lot acres
    Off-Market
    Last Sale May 13, 2024
    $135,000
    Property ID
    US07-1407123
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adventure Coffee Roasting / Cafe & Coffee Shop / Specialty Food Shop

    Property Details for 1117 Sherwood Vlg Dr

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.26 lot acres
    Property type
    Retail space
    APN
    134-11-359E
    APU
    13411359E

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 13, 2024 — Scott O Gilliland SR. Scott O Gilliland SR. Intrafamily Transfer · related —
    Apr 26, 2018 $135,000 Scott O Gilliland Carnine Commercial II LLC Warranty Deed —
    Aug 1, 2013 $115,000 Carnine Commercial II LLC Lominac,lonnie H & Susan M Warranty Deed —
    Nov 15, 1995 $80,000 Lonnie H Lominac Arthur Langlais Grant Deed $68k · Arizona Bank
    — — Lonnie H Lominac — Deed Of Trust · related $105k · Wells Fargo Bank
    — — Lonnie H Lominac — Deed Of Trust · related $100k · Commercial Federal Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.82
    Latitude
    32.2073
    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
    $3,286
    $12,169
    $14,187
    $26,356
    -
    $67,608
    $78,816
    $146,424

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      Tucson, AZ 85710

      RETAIL STORES (PERSONAL SERVICES)
      Tucson, AZ 85710
      View Details
    • Value Estimation by Request
      780 SF

      7069 22nd St

      RETAIL STORES (PERSONAL SERVICES)
      7069 22nd St, Tucson, AZ 85710-5112
      View Details
    • Value Estimation by Request
      1,100 SF

      7025 22nd St

      RETAIL STORES (PERSONAL SERVICES)
      7025 22nd St, Tucson, AZ 85710
      View Details
    • Value Estimation
      $870,000
      6,811 SF

      8825 Broadway Blvd

      RETAIL STORES (PERSONAL SERVICES)
      8825 Broadway Blvd, Tucson, AZ 85710-4017
      View Details
    • Value Estimation by Request
      640 SF

      8484 Speedway Blvd

      RETAIL STORES (PERSONAL SERVICES)
      8484 Speedway Blvd, Tucson, AZ 85710-1715
      View Details
    • Value Estimation
      $3,295,000
      7,745 SF

      6992 Broadway Blvd

      RETAIL STORES (PERSONAL SERVICES)
      6992 Broadway Blvd, Tucson, AZ 85710-2803
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,314 SF

      Retail Space with High Traffic

      Retail space with high traffic and frontage on 22nd.
      6305 E 22Nd St, Tucson, AZ 85710
      View Details
    • $1,250,000
      7,415 SF

      Retail Space with Solar Array

      7,415 SF retail space with solar array and parking.
      7575 East Speedway Blvd, Tucson, AZ 85710
      View Details
    • New
      $625,000
      2,600 SF

      Renovated Commercial Building, Tucson East

      Move-in ready commercial building with versatile C-1 zoning.
      6470 E 22Nd St, Tucson, AZ 85710
      View Details
    • Contact for pricing
      49,237 SF

      East Tucson Executive Office Building

      Two-story office building in East Tucson with high-end finishes.
      7202 E Rosewood St, Tucson, AZ 85710
      View Details
    • Contact for pricing
      6,689 SF

      Former Bank Branch with Drive-Thru

      6,689 SF former bank branch with drive-thru lanes.
      7740 E Speedway Blvd, Tucson, AZ 85710
      View Details
    • Sponsored
      Contact for pricing
      3,314 SF

      6305 22Nd St

      RARE DRIVE-THRU OFFERING - PRIME LOCATION
      6305 22Nd St, Tucson, AZ 85710
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,381 SF

      Retail Space on Speedway Boulevard

      Retail space with high visibility and convenient access.
      7083 E Speedway Blvd, Tucson, AZ 85710
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Auto Dealership

      Retail space anchored by CAL Ranch near a major auto dealership.
      6383 E 22Nd St, Tucson, AZ 85710
      View Details
    • Contact for pricing
      10,458 SF

      Retail Space Near Broadway Boulevard

      Retail space available near Broadway Boulevard in Tucson, Arizona.
      8540-8670 E Broadway Blvd, Tucson, AZ 85710
      View Details
    • Contact for pricing
      2,290 SF

      Retail Space Near High-Traffic Intersection

      Retail space anchored by Sprouts and PetSmart, high-traffic location.
      7707 E Broadway Blvd, Tucson, AZ 85710
      View Details
    • Contact for pricing
      1,231 SF

      Retail Space in High-Traffic Area

      Retail space anchored by Sprouts and PetSmart in Tucson.
      7865 E Broadway Blvd, Tucson, AZ 85710
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Densely Populated Area

      Retail space for rent in a high-traffic Tucson location.
      6321 East 22Nd St, Tucson, AZ 85710
      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.
    1117 Sherwood Vlg Dr
    Tucson, AZ 85710-5957
    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
    1117 Sherwood Vlg Dr, Tucson, AZ, 85710
    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!