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

    2040 Irvington Rd Tucson, AZ 85714-1825

    • Drive through restaurants
    • 2,599 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    Jan 10, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1374646
    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

    • Burger King / Restaurant

    Property Details for 2040 Irvington Rd

    Year built
    1988
    Construction
    FRAME
    Lot size
    0.91 lot acres
    Property size
    2,599 SF
    Property type
    Drive through restaurants
    APN
    140-12-2190
    APU
    140122190

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.942
    Latitude
    32.1628
    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
    $17,940
    $110,935
    $84,887
    $195,822
    -
    $616,307
    $471,593
    $1,087,900

    Comparable in this City

    • Value Estimation
      $2,545,000
      3,505 SF

      1090 Irvington Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,505 SF
      1090 Irvington Rd, Tucson, AZ 85714
      View Details
    • Value Estimation
      $1,005,000
      2,424 SF

      840 Irvington Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,424 SF
      840 Irvington Rd, Tucson, AZ 85714-0009
      View Details
    • Value Estimation by Request
      875 SF

      4841 12th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 875 SF
      4841 12th Ave, Tucson, AZ 85714-2408
      View Details
    • Value Estimation by Request
      1,581 SF

      3925 6th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,581 SF
      3925 6th Ave, Tucson, AZ 85714-1511
      View Details
    • Value Estimation by Request
      1,080 SF

      1025 Irvington Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,080 SF
      1025 Irvington Rd, Tucson, AZ 85714-3217
      View Details
    • Value Estimation by Request
      1,600 SF

      1975 Irvington Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,600 SF
      1975 Irvington Rd, Tucson, AZ 85714
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,140 SF

      Drive-Thru Restaurant with Full Equipment

      Drive-thru restaurant with interior seating and full equipment set.
      1055 E Irvington Rd, Tucson, AZ 85714
      View Details
    • Contact for pricing
      1,597 SF

      Tucson Restaurant - 1597 SF

      Prime Tucson Restaurant Space
      3925 6Th Ave, Tucson, AZ 85714
      View Details
    • Contact for pricing

      High-Profile Tucson Commercial Land

      32,796 SF Pad - Sale/Lease
      782 Irvington Rd, Tucson, AZ 85714
      View Details
    • Contact for pricing

      Signalized Corner Land For Sale

      Commercial land with excellent access and visibility on signalized corner.
      4550 S Park Ave, Tucson, AZ 85714
      View Details
    • Contact for pricing

      Tucson Business Park Land

      Land in a Class A business park ready for development.
      3530 E Gas Rd, Tucson, AZ 85714
      View Details
    • Contact for pricing
      194,879 SF

      Class A Industrial Distribution Center

      194,879 SF industrial building with 56 dock positions.
      3725 E Columbia St, Tucson, AZ 85714
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      14,626 SF

      Centre Point Shopping Center Spaces

      Tucson Retail Center: Multiple Spaces Available
      1922 Irvington Rd, Tucson, AZ 85714
      View Details
    • $20 SF/Yr
      50,323 SF

      Irvington Plaza Retail Center

      Tucson Retail Space - Multiple Units Available
      1810 Irvington Rd, Tucson, AZ 85714
      View Details
    • Contact for pricing
      721 SF

      Versatile Space Near Interstate 10

      Updated flex space suitable for industrial, retail, or office use.
      4595 S Palo Verde Rd, Tucson, AZ 85714
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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
    • Contact for pricing
      5,400 SF

      Versatile Space Near Key Locations

      Retail, office, and warehouse space with high visibility available.
      3860 S Palo Verde Rd, Tucson, AZ 85714
      View Details

    Property Visit Statistics

    • Visits by month
      20.6k
    • Visitors by month
      15.7k
    • Avg Time on site
      17 min
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    2040 Irvington Rd
    Tucson, AZ 85714-1825
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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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