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    160 Stone Ave Tucson, AZ 85701-1502
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    Property profile & analytics

    160 Stone Ave, Tucson, AZ 85701-1502

    View on Map
    • Banks
    • 6,530 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US07-3407067
    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.
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tucson Indian Center / Social Service Agency / Charitable Organization

    Property Details for 160 Stone Ave

    Year built
    1964
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property type
    Banks
    APN
    117-11-0880
    APU
    117110880

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2017 — Aia 160 LLC American Indian Assn Of Tucson In Quit Claim Deed · related —
    Jan 18, 2017 — American Indian Assn Of Tucson In Pima County Grant Deed $1.5M · Pima County Arizona
    Aug 16, 2012 — Pima County North Stone Avenue Commercial Warranty Deed · related —
    Jul 1, 2011 — North Stone Avenue Coml Retai 160 North Stone LLC Deed In Lieu Of Foreclosure —
    Apr 11, 2005 $1,850,000 160 North Stone LLC Imperial Industrial Group Ltd Grant Deed · related —
    Jun 29, 2000 — Imperial Industrial Group Ltd — Grant Deed · related $556k · Valley Independent Bank
    May 29, 1997 $706,000 Imperial Industrial Group Ltd Cosmo & Anna Ali Grant Deed · related $525k · Omaha State Bank
    Apr 9, 1993 — Rtc Rtc Quit Claim Deed · related —
    Apr 9, 1993 $550,000 Ali,cosmo & Anna Rtc Trustees Deed · related $385k
    — — Imperial Industrial Group Ltd — Deed Of Trust · related $1.4M · Stancorp Mortgage Investors
    — — Imperial Ind Group Ltd — Deed Of Trust · related $815k · Valley Independent Bank
    — — Imperial Industrial Group Ltd — Deed Of Trust · related $815k · Valley Independent Bank
    — — Imperial Industrial Group Ltd — Deed Of Trust · related $815k · Valley Independent Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $678,000
      Market price range: $438k - $678k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $540,000
      Current use
      AUTO REPAIR, GARAGE
      $765,000
      Change: +42% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $685,000
      Change: +27% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $680,000
      Change: +26% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.971
    Latitude
    32.2242
    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
    $1,399
    $35,964
    $452,300
    $488,264
    -
    $199,800
    $2,512,779
    $2,712,579

    Comparable in this City

    • Value Estimation by Request
      4,736 SF

      136 Stone Ave

      FINANCIAL BUILDING
      136 Stone Ave, Tucson, AZ 85701-1502
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    • Value Estimation
      $1,135,000
      21,423 SF

      150 Stone Ave

      FINANCIAL BUILDING
      150 Stone Ave, Tucson, AZ 85701-1502
      View Details
    • Value Estimation
      $1,310,000
      27,997 SF

      120 Stone Ave

      FINANCIAL BUILDING
      120 Stone Ave, Tucson, AZ 85701-1502
      View Details
    • Value Estimation by Request
      2,507 SF

      11 Cushing St

      FINANCIAL BUILDING
      11 Cushing St, Tucson, AZ 85701
      View Details
    • Value Estimation by Request
      2,468 SF

      340 Stone Ave

      FINANCIAL BUILDING
      340 Stone Ave, Tucson, AZ 85701-2318
      View Details
    • Value Estimation by Request
      2,580 SF

      829 6th Ave

      RETAIL STORES (PERSONAL SERVICES)
      829 6th Ave, Tucson, AZ 85701-2624
      View Details

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    Similar Nearby for Lease

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      Excellent downtown location, Rio Nuevo Grant eligible for qualified tenants.
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    Property Visit Statistics

    • Visits by month
      2.8k
    • Visitors by month
      1.7k
    • Avg Time on site
      17 min
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    160 Stone Ave
    Tucson, AZ 85701-1502
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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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