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

    1951 Benson Hwy Tucson, AZ 85714-1872

    • Apartment buildings
    • 3,940 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    Apr 17, 2020
    $450,000
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    7.3%
    Apartment buildings
    Location Intelligence
    Property ID
    US07-0774933
    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

    • Apartment buildings

    Property Details for 1951 Benson Hwy

    Year built
    1976
    Construction
    FRAME
    Lot size
    0.79 lot acres
    Property size
    3,940 SF
    Property type
    Apartment buildings
    APN
    132-19-0040
    APU
    132190040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $565,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $675,000
      6.5%
      $625,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $875,000
      Market price range: $402k - $2.38M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.942
    Latitude
    32.1684
    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
    $2,395
    $90
    $90,957
    $91,047
    -
    $502
    $505,318
    $505,820

    Comparable in this City

    • Value Estimation
      $560,000
      2,808 SF

      4842 Liberty Ave

      APARTMENT HOUSE (5+ UNITS) • 2,808 SF
      4842 Liberty Ave, Tucson, AZ 85714-3032
      View Details
    • Value Estimation
      $320,000
      1,845 SF

      4750 6th Ave

      APARTMENT HOUSE (5+ UNITS) • 1,845 SF
      4750 6th Ave, Tucson, AZ 85714-3014
      View Details
    • Value Estimation
      $280,000
      1,775 SF

      4552 7th Ave

      APARTMENT HOUSE (5+ UNITS) • 1,775 SF
      4552 7th Ave, Tucson, AZ 85714-2956
      View Details
    • Value Estimation
      $285,000
      1,520 SF

      4303 12th Ave

      APARTMENT HOUSE (5+ UNITS) • 1,520 SF
      4303 12th Ave, Tucson, AZ 85714-2548
      View Details
    • Value Estimation
      $290,000
      1,106 SF

      135 Oklahoma St

      APARTMENT HOUSE (5+ UNITS) • 1,106 SF
      135 Oklahoma St, Tucson, AZ 85714-3034
      View Details
    • Value Estimation
      $330,000
      4,779 SF

      4130 6th Ave

      APARTMENT HOUSE (5+ UNITS) • 4,779 SF
      4130 6th Ave, Tucson, AZ 85714-1514
      View Details

    Similar Nearby for Sale

    • New
      $250,000
      1,733 SF

      Two Houses on One Lot

      Two houses on one lot, remodeled, cash-flowing investment opportunity.
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    • $650,000
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      Multi-Family 4-Plex with Casita

      Four-unit multifamily property with detached casita, ideal for investment.
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      Turnkey Duplex Ready to Rent

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      Tucson Triplex Investment Opportunity

      Triplex with spacious units, tile flooring, and convenient storage.
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      New Construction Duplex in Tucson

      New construction duplex: live in one, rent the other!
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      One-story duplex in Tucson, AZ. Investment opportunity.
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    Similar Nearby for Lease

    • $9 SF/Yr
      2,367 SF

      Tucson Warehouse For Lease

      Single-tenant warehouse, 2,367 sq ft
      4712 Tennessee Pl, Tucson, AZ 85714
      View Details
    • $0.90 SF/Yr
      5,250 SF

      Functional Warehouse and Distribution Space

      Warehouse and distribution space near Interstate 10 and Interstate 19.
      4700 S Park Ave, Tucson, AZ 85714
      View Details
    • $16 SF/Yr
      1,200 SF

      Retail Space in High-Traffic Area

      Retail space available in a busy, anchored shopping center.
      1758-1864 E Irvington Rd, Tucson, AZ 85714
      View Details
    • $2,000 /Mo
      2,100 SF

      Flex/Industrial Space Near Airbase

      Flex/industrial space for rent near Davis Monthan Air Force Base.
      4101 S Longfellow Ave, Tucson, AZ 85714
      View Details
    • $26 SF/Yr
      2,600 SF

      Retail Space in Kino Gateway

      Retail space available in established shopping center, Tucson, Arizona.
      2031-2071 E Irvington Rd, Tucson, AZ 85714
      View Details
    • $4,200,000
      9,936 SF

      Tucson Flex Space Near I-10

      9,936 SF flex space near I-10 and airport.
      4755 S Butterfield Dr, Tucson, AZ 85714
      View Details
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    1951 Benson Hwy
    Tucson, AZ 85714-1872
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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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