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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Parking lots & garages
151 Broadway Blvd, Tucson, AZ 85701-2011
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-2384714
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2015
Total area
20,321 SF
Lot
1.79 ac (78,096 SF)
APN
117-06-7490
UPID
US07-2384714
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
-
AC Hotel Tucson Downtown Hotel & Motel
-
AC Lounge Bar & Pub
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Blink Charging Station Electric Vehicle Charging Station
-
AC HOTEL PARKING Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$675k
Owner & transaction history
Rio Nuevo Multipurpose Facilit · 8 yrs held
Rio Nuevo Multipurpose Facilit
since 2017
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
by Request
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
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
$33 / 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
$13,888
Tax year 2023
Assessed value
$720,726
Assessed 2024
Previous assessed
$720,726
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$281,146
Assessed improvement
$439,580
Land market value
$1,561,920
Improvement market value
$2,442,112
Total market value
$4,004,032
Applied tax rate
163.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2015
Heating
NONE
Stories
4
Total area
20,321 SF
Lot
1.79 ac (78,096 SF)
APN
117-06-7490
UPID
US07-2384714
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
2015
Heating
NONE
Stories
4
Lot
1.79 ac
Current owner
From public records · entity-resolved
Rio Nuevo Multipurpose Facilit
Individual
Mailing address
1703 E BROADWAY BLVD, TUCSON, AZ 85719-5930
Ownership since
2017
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 19, 2018
—
Tucson 5c Hotel LLC
—
Grant Deed
related
$40,000,000 · Deutsche Bk Ag/ny Branch
Oct 20, 2017
—
Rio Nuevo Multipurpose Facilit
5 North 5th Hotel LLC
Grant Deed
related
$28,000,000 · Grandpoint Bk
May 9, 2012
—
Tucson Urban LLC
Tucson Urban LLC
Quit Claim Deed
related
$2,240,000 · National Bk/az
Oct 20, 2006
$1,900,000
Tucson Urban Land LLC
Rialto Redux LLC
Warranty Deed
—
Sep 12, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Apr 4, 2006
$4,000,000
Rialto,redux LLC
Rialto Piazza LLC
Trustees Deed
related
$2,000,000 · Stephen E Quinian
Aug 11, 2004
$97,500
256 East Congress LLC
Rich Rodgers South INC
Grant Deed
—
—
—
Tucson Urban LLC
—
Deed Of Trust
related
$750,000 · Timothy J Ryan Dopc Defined
—
—
Tucson Urban LLC
—
Deed Of Trust
related
$900,000 · Paul W Chellgren
—
—
5 North 5th Hotel LLC
—
Deed Of Trust
related
$8,000,000 · Miscellaneous Govt Agcy
—
—
Tucson Urban LLC
—
Deed Of Trust
related
$500,000 · Paul W Chellgren
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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