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

    N La Cholla Blvd Tucson, AZ 85755

    • Retail properties & Spaces
    • 5,772 SF
    • 29.90 lot acres
    For Sale
    View listing
    $1,738,240
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2483389
    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

    • Church of the Apostles / Church
    • Congregation Beit Simcha / Synagogue

    Property Details for N La Cholla Blvd

    Year built
    2005
    Construction
    FRAME
    Lot size
    29.90 lot acres
    Property size
    5,772 SF
    Property type
    Retail properties & Spaces
    APN
    219-42-016B
    APU
    21942016B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $915,000
      Market price range: $251k - $1.01M

    • Alternative Use

      Use
      Estimation
      FARM SUPPLY & EQUIPMENT (COMMERCIAL)
      $1,110,000
      Current use
      AUTO REPAIR, GARAGE
      $1,570,000
      Change: +42% Conversion: Difficult
      MEDICAL BUILDING
      $1,290,000
      Change: +16% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,190,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.015
    Latitude
    32.4259
    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
    $0.00
    $67,275
    $135,932
    $203,207
    -
    $448,500
    $906,212
    $1,354,712

    Comparable in this City

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      55 Arrowsmith Dr

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      5,451,672 SF

      Innovation Park Dr

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      0 Innovation Park Dr, Oro Valley, AZ 85755
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    • Value Estimation
      $670,000
      5,700 SF

      12162 Rancho Vistoso Blvd

      SHOPPING CENTER, STRIP CENTER • 5,700 SF
      12162 Rancho Vistoso Blvd, Oro Valley, AZ 85755-1897
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.16 Acres

      Innovation Park Dr

      Medical Office Space • 1,500 SF
      0 Innovation Park Dr, Oro Valley, AZ 85755
      View Details
    • $275,000
      1.26 Acres

      Luxury Lot in Gated Community

      Easy-to-build-on lot with expansive views in Oro Valley.
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    • $4,050,000
      99.00 Acres

      Saguaro Ridge Estates: Prime Tucson Land

      99 Acres, 27 Lot Potential, Tucson, AZ
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      23.61 Acres

      Oro Valley Commercial Land - 23 Acres

      Prime 23-acre commercial lot in Oro Valley, AZ.
      0 Nec Of Tangerine Rd. And Ln Cholla Blvd, Tucson, AZ 85755
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      Rancho Vistoso Land Opportunity

      8.05 acres of commercial land in Oro Valley, Arizona.
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    • $274,000
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      Two 5-Acre Lots in Tucson

      Two 5-acre lots with mountain views, development potential.
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    Similar Nearby for Lease

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      1,789,475 SF

      Southern Arizona Logistics Center

      Modern Tucson Manufacturing Space Available
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    • $17 SF/Yr
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      Oro Valley Office Space For Lease

      Prime Oro Valley Office Suites Available
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    • Contact for pricing
      5,451,672 SF

      Oro Valley Retail Space For Lease

      Class A Retail, Multiple Tenancies Available
      0 Innovation Park Dr, Oro Valley, AZ 85755
      View Details
    • Contact for pricing
      4,533 SF

      Former Bank with Drive-Thru

      Freestanding retail property with drive-thru and ample parking.
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    • $17 SF/Yr
      1,200 SF

      Rancho Vistoso Office/Retail Space

      Office and retail spaces in established Oro Valley center.
      1171 East Rancho Vistoso Blvd, Oro Valley, AZ 85755
      View Details
    • $24 SF/Yr
      1,733 SF

      Oro Valley Retail Space Available

      Prime Oro Valley storefront, 1,733 sq ft, multiple spaces.
      12142 Rancho Vistoso Blvd, Oro Valley, AZ 85755
      View Details
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    N La Cholla Blvd
    Tucson, AZ 85755
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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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