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Property profile & analytics
OFF-MARKET
Estimated value
$3,920,000
Investment properties
2106 Forbes Blvd Tucson, AZ 85745-1460
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0023832
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1980
Construction
FRAME
Total area
40,166 SF
Lot
2.08 ac (90,665 SF)
APN
115-16-0460
UPID
US07-0023832
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
Current use
Occupant on record · Public records
-
APX International Inc Trucking Company
-
Whiskey Del Bac Brewery & Distillery Bar & Pub
-
American Refrigeration Supplies Inc (ARS) Hardware & Home Improvement HVAC Service
-
Western Web & Graphics Inc Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.92M
Owner & transaction history
Block C Properties LLC · 2 yrs held
Block C Properties LLC
since 2024
Last sale
$3.9M
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
Method
Estimation
Statistic approach
$3,920,000
ML approach
$3,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.92M
Range $3.53M – $4.31M · ±10% · vs last sale $3.92M (Jun 7 2024)
Last sale anchor
$3.92M
Jun 7 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
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
$44,389
Tax year 2023
Assessed value
$467,484
Assessed 2024
Previous assessed
$389,257
+20.1% YoY
Effective rate
9.50%
On assessed value
Assessed land
$65,279
Assessed improvement
$402,205
Land market value
$362,660
Improvement market value
$2,234,473
Total market value
$2,597,133
Applied tax rate
150.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1980
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
40,166 SF
Lot
2.08 ac (90,665 SF)
APN
115-16-0460
UPID
US07-0023832
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
1980
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Block C Properties LLC
Entity
Mailing address
2 ARLENA CT, MADISON, NJ 07940-2314
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$3,920,000
Block C Properties LLC
North Bes LLC
Special Warranty Deed
—
Dec 29, 2020
$2,337,500
North Forbes LLC
2106 N Forbes LLC
Warranty Deed
$1,670,000 · American Fidelity Assurance Company
Mar 12, 2020
—
Mri Saddlehorn Investment Fund II L
D Timothy Byrne
Re-recorded Document
related
—
Jan 2, 2019
$1,950,000
2106 N Forbes LLC
Mri Saddlehorn Investment Fund II L
Special Warranty Deed
$1,267,500 · Western Adventist Foundation
May 22, 2017
—
Mri Saddlehorn Inv Fund II LLC
—
Deed
related
$1,450,000 · Helvetica Cap Fndg II LLC
Apr 29, 2016
—
Mri Saddlehorn Investment Fund II L
Sachilko T Cochran
Special Warranty Deed
$1,450,000 · Helvetica Capital Funding II LLC
Jan 9, 2006
—
Mri Saddlehorn Inv Fund II LLC
Byrne,d T
Grant Deed
related
—
Dec 3, 2004
$2,085,000
Mri Saddlehorn Inv Fund II LLC
Granite Bedrock Broadbent Ptrs
Grant Deed
related
$1,572,000 · Sterling Savings Bank
Dec 3, 2004
—
Sterling Savings Bank
Mri Saddlehorn Inv Fund II LLC
Grant Deed
related
—
—
—
Mri Saddlehorn Inv Fund II LLC
—
Loan Modification
related
$1,450,000 · Helvetica Cap Fndg II LLC
—
—
Mri Saddlehorn Inv Fund II LLC
—
Deed Of Trust
related
$1,690,000 · Principal Commercial Funding
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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