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Property profile & analytics
OFF-MARKET
Apartment buildings
1155 Beverly Ave, Tucson, AZ 85712
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0229165
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
STEEL FRAME
Lot
0.51 ac (22,200 SF)
APN
121-12-0550
UPID
US07-0229165
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joel Hewson · 7 yrs held
Joel Hewson
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tucson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tucson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,036
Tax year 2023
Assessed value
$14,125
Assessed 2024
Previous assessed
$14,125
+0.0% YoY
Effective rate
7.33%
On assessed value
Assessed land
$14,026
Assessed improvement
$99
Land market value
$77,922
Improvement market value
$550
Total market value
$78,472
Applied tax rate
150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.51 ac (22,200 SF)
APN
121-12-0550
UPID
US07-0229165
Jurisdiction
PIMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Joel Hewson
Individual
Mailing address
4067 E GRANT RD, TUCSON, AZ 85712-2576
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
—
Sader 1 LLC
—
Deed
related
$4,275,000 · Pima FCU
Jul 1, 2020
—
Sader 1 LLC
—
Deed
related
$2,950,000 · Cbre Cap Markets
Apr 9, 2019
—
Joel Hewson
Hewson,elizabeth G
Quit Claim Deed
related
—
Apr 9, 2019
$295,000
Joel Hewson
D & A J Real Properties Lllp
Grant Deed
—
Oct 24, 2006
—
Sader 1 LLC
Astatke,sofonias
Warranty Deed
$2,275,000 · Lasalle National Bank
Aug 29, 2003
—
Sofonias Astatke
Halvorsen Investments LLC
Grant Deed
$840,000 · Imperial Capital Bank
Aug 20, 1997
$835,000
David H Halvorsen
Joan A Lane
Grant Deed
$668,000 · Lasalle Talman Bank
Sep 30, 1994
—
Avis M Pessin
Pessin Estate
Quit Claim Deed
related
—
Sep 30, 1994
$690,000
Lane,joan A
Pessin
Trustees Deed
$444,517 · Seller Carry Back
—
—
Sader 1 LLC
—
Deed Of Trust
related
$2,950,000 · Cbre Cap Markets
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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