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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Apartment buildings
1423 Venice Ave, Tucson, AZ 85712-3981
Individually Owned
2-yr Hold
Property ID
US07-3449075
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
FRAME
Total area
4,329 SF
Lot
0.85 ac (37,200 SF)
APN
122-12-184A
UPID
US07-3449075
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
-
Venice Arms Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$945k
Owner & transaction history
Linda J Ash · 2 yrs held
Linda J Ash
since 2023
Last sale
$950,000
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
$1,040,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $950k (Dec 1 2023)
Last sale anchor
$950k
Dec 1 2023
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
$218 / 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
Tax billed
$6,272
Tax year 2023
Assessed value
$208,067
Assessed 2024
Previous assessed
$148,619
+40.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$90
Assessed improvement
$207,977
Land market value
$502
Improvement market value
$1,155,425
Total market value
$1,155,927
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
1963
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
1
Units
6
Total area
4,329 SF
Lot
0.85 ac (37,200 SF)
APN
122-12-184A
UPID
US07-3449075
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
1963
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
6
Lot
0.85 ac
Current owner
From public records · entity-resolved
Linda J Ash
Individual
Mailing address
1423 N VENICE AVE, TUCSON, AZ 85712-3981
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
—
Linda J Ash
Linda J Ash
Intrafamily Transfer
related
—
May 21, 2020
$950,000
Linda J Ash
P-cubed Property LLC
Grant Deed
$275,000 · Bank Of The West
Jun 14, 2017
—
P-cubed Property LLC
Peacock,christopher W
Warranty Deed
—
Jun 12, 2017
$728,500
Christopher W Peacock
Turnstyle Holdings LLC
Grant Deed
$510,000 · Bank Of The West
Apr 6, 2015
—
Russell Taylor
Carlson Anna E 1999 Trust
Quit Claim Deed
related
—
Apr 6, 2015
$300,000
Turnstyle Holdings LLC
Taylor Russell & Yolande
Warranty Deed
$489,900 · Rms Consulting LLC
Nov 23, 2012
—
Russell Taylor
Carlson Anna E 1999 Trust
Warranty Deed
related
—
Apr 22, 2005
—
Record Owner
Owner,record
Grant Deed
related
—
Apr 21, 2005
—
Record Owner
Owner,record
Grant Deed
related
—
Apr 15, 2005
—
Record Owner
Owner,record
Grant Deed
related
—
Feb 28, 2005
$580,000
Carlson Anna E 1999 Trust
Schramek,percy J
Warranty Deed
related
—
Oct 22, 2003
—
Percy J Schramek
Schramek,percy J
Quit Claim Deed
related
$630,608 · New Century Mortgage
May 12, 2000
$370,000
Percy J Schramek
Smith,brandon A & Sandra M
Grant Deed
related
$277,500 · Washington Federal Savings
Oct 16, 1997
—
Edwin Y Sasaki
Edwin Y & Mary M Sasaki
Quit Claim Deed
related
—
Oct 16, 1997
$339,000
Smith,brandon A & Sandra M
Edwin Y Sasaki
Trustees Deed
related
$254,200 · Lasalle Talman Bank
Jun 11, 1992
$260,000
Edwin Sasaki
Thompson
Grant Deed
related
$71,817 · Seller
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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