New search
Property profile & analytics
OFF-MARKET
Estimated value
$62,935,000
Apartment buildings
1345 Kolb Rd, Tucson, AZ 85710-8403
Entity Owned
4-yr Hold
Property ID
US07-1000761
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1974
Construction
CONCRETE
Total area
191,174 SF
Lot
8.36 ac (364,205 SF)
APN
135-08-4450
UPID
US07-1000761
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
-
Villas Las Naranjas Apartment Building Apartment Complex
-
Meka Wit Da Nailz Boutique Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$51.08M
Blend (final)
Blend
$62.94M
Owner & transaction history
Villas Las Naranjas LLC · 4 yrs held
Villas Las Naranjas LLC
since 2021
Last sale
$65.5M
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
Method
Estimation
Statistic approach
$69,665,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$62.94M
Range $56.64M – $69.23M · ±10% · vs last sale $65.50M (Dec 30 2021)
Last sale anchor
$65.50M
Dec 30 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$329 / SF
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
Assessed value
$5,314,150
Assessed 2024
Previous assessed
$5,314,150
+0.0% YoY
Assessed land
$196,659
Assessed improvement
$5,117,491
Land market value
$1,092,552
Improvement market value
$28,430,508
Total market value
$29,523,060
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 (100+ UNITS)
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
1
Total area
191,174 SF
Lot
8.36 ac (364,205 SF)
APN
135-08-4450
UPID
US07-1000761
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
1974
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
8.36 ac
Current owner
From public records · entity-resolved
Villas Las Naranjas LLC
Entity
Mailing address
400 UNIVERSITY DR #500, CORAL GABLES, FL 33134-7125
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$65,500,000
Villas Las Naranjas LLC
Mimg Clix Yardz LLC
Special Warranty Deed
$5,912,000 · Berkadia Commercial Mortgage LLC
Jan 14, 2020
$36,700,000
Mimg Clix Yardz LLC
5th & Camelback Tucson LLC
Special Warranty Deed
$27,525,000 · Berkadia Commercial Mortgage LLC
Dec 12, 2016
$16,200,000
5th & Camelback Tucson LLC
Roc Az Villa Antiqua LLC
Grant Deed
$12,347,000 · Northmarq Cap
Mar 26, 2013
—
Roc Az Villa Antiqua LLC
—
Deed Of Trust
related
$12,500,000 · Bank Of America
Apr 8, 2011
$11,750
Roc Az Villa Antiqua LLC
1345 Kolb Road Holdings LLC
Special Warranty Deed
$7,500,000 · Wells Fargo Bank NA
Mar 22, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Oct 26, 2010
$10,625,000
1345 South Kolb Road Holdings
Ghidotti Michelle
Trustees Deed
related
—
Jan 23, 2007
$20,500,000
Fountain Village Tucson L Bazv
Bb-az 9 LLC
Grant Deed
related
—
Nov 1, 2004
$15,500,000
Bb-az 9 LLC
Lb Fountain Village Apartm
Grant Deed
related
$11,500,000 · Wachovia Bank NA
Dec 22, 2000
—
Pia Of Fountain Village
Transcontinental Fountain Vill
Grant Deed
related
—
—
—
Roc Az Villa Antiqua LLC
—
Deed Of Trust
related
$12,500,000 · Bank Of America
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1345 Kolb Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
