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

    1951 Grant Rd Tucson, AZ 85745-1105

    • Strip malls
    • 24,093 SF
    • 1.80 lot acres
    OFF-MARKET
    Last Sale
    Feb 25, 2020
    $2,650,000
    Value Estimations
    $3,780,000
    Show details
    Cap Rate Potential
    7.5%
    Strip malls
    Location Intelligence
    Property ID
    US07-3365725
    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

    • TP3 Global / Manufacturer
    • Rehan Iftikhar, MD / Gastroenterologist
    • KG's Westside Cafe / Cafe / American Restaurant
    • Rizwan Safdar, MD / Gastroenterologist
    • Solar Pros Az / Solar Energy Company

    Property Details for 1951 Grant Rd

    Year built
    1984
    Construction
    FRAME
    Lot size
    1.80 lot acres
    Property size
    24,093 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    115-20-005P
    APU
    11520005P

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,255,000
      ML approach
      $3,405,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,090,000
      6.5%
      $3,775,000
      7%
      $3,505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,379,000
      Market price range: $3.25M - $12.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.009
    Latitude
    32.2502
    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
    $25,561
    $70,541
    $257,577
    $328,118
    -
    $391,895
    $1,430,981
    $1,822,876

    Comparable in this City

    • Value Estimation by Request
      14,400 SF

      2106 Grant Rd

      SHOPPING CENTER, STRIP CENTER • 14,400 SF
      2106 Grant Rd, Tucson, AZ 85745-1141
      View Details
    • Value Estimation
      $265,000
      1,370 SF

      902 Grande Ave

      SHOPPING CENTER, STRIP CENTER • 1,370 SF
      902 Grande Ave, Tucson, AZ 85745-2404
      View Details
    • Value Estimation
      $260,000
      2,300 SF

      1475 Saint Marys Rd

      SHOPPING CENTER, STRIP CENTER • 2,300 SF
      1475 Saint Marys Rd, Tucson, AZ 85745-3174
      View Details
    • Value Estimation
      $810,000
      7,200 SF

      2706 Silverbell Rd

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      2706 Silverbell Rd, Tucson, AZ 85745-1139
      View Details
    • Value Estimation
      $330,000
      10,725 SF

      1503 Saint Marys Rd

      SHOPPING CENTER, STRIP CENTER • 10,725 SF
      1503 Saint Marys Rd, Tucson, AZ 85745-3107
      View Details
    • Value Estimation
      $355,000
      7,323 SF

      1150 Silverbell Rd

      SHOPPING CENTER, STRIP CENTER • 7,323 SF
      1150 Silverbell Rd, Tucson, AZ 85745-2672
      View Details

    Similar Nearby for Sale

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      Land with Tucson Views

      Land suitable for multifamily or build-to-rent development.
      1455 N Silverbell Rd, Tucson, AZ 85745
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      10.31-acre parcel with utilities, development potential, and desert views.
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    • $95,000
      0.73 Acres

      Vacant Lot Near Downtown Tucson

      Vacant lot near downtown, University of Arizona, and I-10.
      1833 W Speedway Blvd, Tucson, AZ 85745
      View Details
    • New
      $249,000
      3.72 Acres

      Lush Desert Acres in Tucson

      Almost 4 acres of lush desert land with utilities.
      865 N Camino De Oeste, Tucson, AZ 85745
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    • New
      $375,000
      1,824 SF

      West Tucson Duplex Opportunity

      Duplex in West Tucson near shopping; some renovations completed.
      525 N Cherokee Ave, Tucson, AZ 85745
      View Details
    • $6,900,000
      91,308 SF

      Grand Luxe Hotel & Resort, Tucson

      Tucson Hotel: 148 Rooms, 6 Acres
      1365 West Grant Road, Tucson, AZ 85745
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Retail Space in Tucson Center

      Albertson's anchored shopping center with diverse retailers, high occupancy.
      1230 N Silverbell Rd, Tucson, AZ 85745
      View Details
    • Contact for pricing
      9,497 SF

      Silverbell Plaza Retail Space For Lease

      Tucson Retail Space: 3 Units Available
      0 Nec Grant & Silverbell Rds, Tucson, AZ 85745
      View Details
    • Contact for pricing
      1,080 SF

      Albertson's Anchored Shopping Center Space

      Retail space in a busy, historically high occupancy shopping center.
      1350-1380 N Silverbell Rd, Tucson, AZ 85745
      View Details
    • $10 SF/Yr
      52,715 SF

      Grant Stone Center Office Space

      Tucson Office Suites, High Visibility
      2 Grant Rd, Tucson, AZ 85745
      View Details
    • $12 SF/Yr
      6,657 SF

      Menlo Plaza Retail Spaces Available

      Tucson retail space, prime location, flexible sizes.
      1219 St Marys Rd, Tucson, AZ 85745
      View Details
    • $17 SF/Yr
      4,329 SF

      Retail Space on Speedway Boulevard

      Retail space available on Speedway Boulevard in Tucson, Arizona.
      3232-3250 E Speedway Blvd, Tucson, AZ 85745
      View Details
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    Tucson, AZ 85745-1105
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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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