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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office Spaces
1822 Innovation Park Dr Oro Valley, AZ 85755-1963
Trust Owned
Free & Clear
Property ID
US07-0967120
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Construction
STEEL FRAME
Total area
1,980 SF
Lot
0.11 ac (4,854 SF)
APN
219-55-0270
UPID
US07-0967120
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$540k
Owner & transaction history
Matthews Revocable Trust
Matthews Revocable Trust
since 2025
Last sale
$505,000
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 Oro Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oro Valley 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
$740,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$345,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$675,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$575,000
Change: -15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $505k (Jun 21 2023)
Last sale anchor
$505k
Jun 21 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
$273 / 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
$7,898
Tax year 2023
Assessed value
$64,351
Assessed 2024
Previous assessed
$58,638
+9.7% YoY
Effective rate
12.27%
On assessed value
Assessed land
$23,590
Assessed improvement
$40,761
Land market value
$131,058
Improvement market value
$226,450
Total market value
$357,508
Applied tax rate
1,012.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
1,980 SF
Lot
0.11 ac (4,854 SF)
APN
219-55-0270
UPID
US07-0967120
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$540,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Matthews Revocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
1822 E INNOVATION PARK DR, ORO VALLEY, AZ 85755-1963
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Oct 31, 2025
—
Matthews Revocable Trust
Tyler G Matthews
Deed
related
—
Nov 13, 2023
—
Nicole L Lombardo
Robert V Olson JR
Beneficiary Deed
—
Jun 21, 2023
$505,000
Greater Oro Valley Chamber Of Comme
Soss Investments LLC
Special Warranty Deed
$326,865 · Commerce Bank Of Arizona
Apr 13, 2023
—
Samantha Mcelroy
Kenneth Miles Jackson
Beneficiary Deed
—
Dec 1, 2021
—
Thi Phan Dau
Kimberly Tran
Intrafamily Transfer
related
—
Oct 8, 2021
—
Vincent R Pike
Vincent R Pike
Intrafamily Transfer
related
—
Jul 23, 2021
$410,000
Soss Investments LLC
Innovation Corporate Center LLC
Special Warranty Deed
$383,000 · Midwest Regional Bank
Jul 12, 2011
—
Innovation Corporate Ctr LLC
—
Deed Of Trust
related
$3,981,420 · Bank Of Arizona
Dec 20, 2007
—
Innovation Corporate Ctr LLC
—
Trustees Deed
related
$440,000 · Bank Of Oklahoma
Mar 8, 2007
—
Innovation Corporate Ctr LLC
Vwi Of Vistoso Dev INC
Grant Deed
$5,800,000 · Bank Of Oklahoma
—
—
Innovation Corporate Ctr LLC
—
Deed Of Trust
related
$440,000 · Bank Of Arizona
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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