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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1204 Alvernon Way Tucson, AZ 85712-4504
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1056365
Property summary
AI-generated overview
This exceptional retail property, located at 1204 N Alvernon Way in Tucson, Arizona, presents a unique investment opportunity. The 2,000 square foot building, constructed in 1978, is currently vacant and offers significant potential for a variety of retail uses. The property boasts a prime location near the busy intersection of Speedway Boulevard and Alvernon Way, ensuring high visibility and substantial foot traffic. A prominent pole sign further enhances its marketing potential. The property is zoned C-1 & R-2 by the City of Tucson, providing flexibility for various commercial and residential uses (subject to city approvals). The asking price is $499,000. The property's APN is 122-13-060A
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1978
Construction
FRAME
Total area
2,300 SF
Lot
0.14 ac (5,931 SF)
APN
122-13-060A
UPID
US07-1056365
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
Current use
Occupant on record · Public records
-
Western Union Bank Credit Union
-
Cardtronics ATM Atm
-
Speedy Mart Grocery & Convenience Store
-
Bitcoin of America ATM Atm
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
Desert Hummingbird Community LLC · 1 yrs held
Desert Hummingbird Community LLC
since 2025
1 recorded transaction
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
$3,041
Tax year 2023
Assessed value
$29,883
Assessed 2024
Previous assessed
$24,717
+20.9% YoY
Effective rate
10.18%
On assessed value
Assessed land
$7,484
Assessed improvement
$22,399
Land market value
$41,576
Improvement market value
$124,440
Total market value
$166,016
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
2,300 SF
Lot
0.14 ac (5,931 SF)
APN
122-13-060A
UPID
US07-1056365
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
1978
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Desert Hummingbird Community LLC
Entity
Mailing address
3211 N SAN SEBASTIAN, TUCSON, AZ 85715-3023
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
$360,000
Desert Hummingbird Community LLC
Little Group LLC
Special Warranty Deed
$119,000 · Little Group LLC
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.
Try Rey
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