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

    1636 Swan Rd Tucson, AZ 85712

    • Office Properties & Spaces
    • 5,362 SF
    • 0.77 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    Cap Rate Potential
    8.4%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US07-3315010
    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

    • Prometric testing site 0404 / Educational Testing Service
    • Showard Law Firm, P.C. / Law Firm / Legal Services
    • Law Office of Tammy Carter / Personal Injury Attorney
    • Dark Horse Media, LLC / Graphic Designer / Advertising Agency
    • Office of Congresswoman Ann Kirkpatrick - Tucson District Office / Government Office

    Property Details for 1636 Swan Rd

    Year built
    1983
    Construction
    FRAME
    Lot size
    0.77 lot acres
    Property size
    5,362 SF
    Property type
    Office Properties & Spaces
    APN
    121-11-162C
    APU
    12111162C

    Description

    This exceptional two-story office building, located at 1636 N. Swan Road in Tucson, Arizona (zip code 85712), offers a variety of flexible office spaces ideal for businesses of all sizes. Built in 1983, the property features two buildings with a total of three suites, providing a total of 5,367 square feet of vacant space currently available. Suite sizes range from a minimum of 885 square feet to a maximum contiguous space of 3,304 square feet, catering to diverse occupancy needs. The building boasts a desirable location on Swan Road, a major north-south thoroughfare, ensuring high visibility and accessibility. Amenities include covered parking, a tranquil two-story atrium courtyard, and enhanced security with CCTV cameras throughout the exterior. The property is zoned O-3 and includes internet connectivity as part of the full-service lease (excluding janitorial). Elevators are available for convenient access to both floors. This property presents a unique opportunity to establish a presence in a highly desirable Tucson location with a range of attractive features and convenient amenities. The building's multiple suites allow for flexibility in leasing options, making it suitable for a variety of business types and sizes. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,244,000
      Market price range: $919k - $2.36M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,395,000
      Current use
      RESTAURANT
      $2,500,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.892
    Latitude
    32.2429
    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
    $20,390
    $42,525
    $194,327
    $236,852
    -
    $236,250
    $1,079,595
    $1,315,845

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      0.10 Acres

      2844 Swan Rd

      CONDOMINIUM OFFICES • 0.10 Acres
      2844 Swan Rd, Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      0.05 Acres

      6023 Grant Rd

      CONDOMINIUM OFFICES • 0.05 Acres
      6023 Grant Rd, Tucson, AZ 85712-2316
      View Details
    • Value Estimation
      $840,000
      3,534 SF

      3902 Pima St

      OFFICE (GENERAL) • 3,534 SF
      3902 Pima St, Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      331 SF

      6246 Pima St

      OFFICE (GENERAL) • 331 SF
      6246 Pima St, Tucson, AZ 85712-3156
      View Details
    • Value Estimation
      $1,445,000
      6,848 SF

      Tucson, AZ 85712

      CONDOMINIUM OFFICES • 6,848 SF
      Tucson, AZ 85712
      View Details

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    Tucson, AZ 85712
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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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