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Property profile & analytics
OFF-MARKET
Parking lots & garages
1890 Innovation Park Dr, Tucson, AZ 85755
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0825332
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2009
Construction
STEEL FRAME
Lot
3.27 ac (142,651 SF)
APN
219-55-0370
UPID
US07-0825332
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Laiyong Mu · 3 yrs held
Laiyong Mu
since 2023
Last sale
$459,047
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,948
Tax year 2023
Assessed value
$165,685
Assessed 2024
Previous assessed
$166,033
-0.2% YoY
Effective rate
11.44%
On assessed value
Assessed land
$154,063
Assessed improvement
$11,622
Land market value
$855,906
Improvement market value
$64,564
Total market value
$920,470
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
3.27 ac (142,651 SF)
APN
219-55-0370
UPID
US07-0825332
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
2009
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
3.27 ac
Current owner
From public records · entity-resolved
Laiyong Mu
Individual
Mailing address
6007 E GRANT RD, TUCSON, AZ 85712-2316
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
—
Laiyong Mu
Laiyong Mu
Intrafamily Transfer
related
—
Jun 9, 2022
—
Francis J Mcwilliams
Francis J Mcwilliams JR
Intrafamily Transfer
related
—
Apr 22, 2022
—
Barbara A Due
Barbara A Due
Affidavit Of Death Of Joint Tenant
related
—
Sep 13, 2021
—
Brubaker Klinger Canyon LLC
Alan C Brubaker
Intrafamily Transfer
related
—
Feb 11, 2021
—
Joseph A Ventimiglia
Joseph Justin Ventimiglia
Beneficiary Deed
related
—
Jan 13, 2021
—
Phyllis Ann Jucha Mcclure
Phyllis A Jucha Mcclure
Intrafamily Transfer
related
—
Dec 29, 2020
$459,047
Judith M Stannard
Landmark Title Assurance Agcy Of Az
Special Warranty Deed
$200,000 · Pulte Mortgage LLC
Aug 15, 2016
—
Paula A Sotelo
—
Deed
related
$233,100 · Usaa Fsb
May 18, 2015
—
Laiyong Mu
Jie Pu
Intrafamily Transfer
related
—
Jul 12, 2011
—
Innovation Corporate Ctr LLC
—
Deed Of Trust
related
$3,981,420 · Bank Of Arizona
Oct 23, 2009
—
Innovation Corporate Ctr LLC
—
Deed Of Trust
related
$7,800,000 · Bank Of Oklahoma
Mar 8, 2007
—
Innovation Corporate Ctr LLC
Vwi Of Vistoso Dev INC
Grant Deed
$5,800,000 · Bank Of Oklahoma
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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