Property profile

1890 Innovation Park Dr Tucson, AZ 85755

OFF-MARKET
Parking lots & garages
Property ID
US07-0825332
3.27 ac lot Built 2009
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of contiguous developable lots that can be combined to form a 50+ acre site (lots B1 through B3) within a professionally developed business park. It is positioned adjacent to biotech and medical employment clusters and within the Innovation Park area near Oro Valley Hospital, with proximity to shopping, dining, and entertainment. The site includes views of the Santa Catalina Mountains and provides direct access to I-10 for distribution. Lot configurations are available for consolidation, including A2 and A3 combined to create 9.32 acres, and E1 and E2 combined to create 15.26 acres. Surrounding development includes Class A office and medical buildings ranging from approximately 1,500 to over 40,000 square feet, and the area contains development-ready sites for construction as well as existing building shells configured for occupancy. The zoning is approved for senior care facilities. Vehicle counts provided for nearby corridors include approximately 27,065 vehicles per day on Oracle Road and approximately 18,091 vehicles per day on Tangerine Road (2022).

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

Location

1890 Innovation Park Dr Tucson, AZ 85755
Tucson metro Census 4642 TUCSON, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$505k

Owner & transaction history

since 2023
Last sale
$459,047
7 recorded transactions
2023
Price N/A
2022
Price N/A
2022
Price N/A
2021
Price N/A
2021
Price N/A
2021
Price N/A
2020
$459,047

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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