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    Property profile & analytics

    2115 Valencia Road Tucson, AZ 85706

    • Manufacturing properties
    • 2,600 SF
    For Lease
    View listing
    $1.00 SF/Yr
    Last Sale
    Sep 22, 2020
    $1,205,000
    Value Estimations
    $1,465,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1902418
    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

    • Manufacturing properties

    Property Details for 2115 Valencia Road

    Year built
    2008
    Construction
    FRAME
    Property size
    2,600 SF
    Property type
    Manufacturing properties
    APN
    140-28-036A
    APU
    14028036A

    Description

    This exceptional industrial property, Los Ranchitos Building #1, presents a fantastic opportunity for businesses seeking flexible and adaptable space in Tucson, Arizona. Located at 2115 E Valencia Rd, 85706, this building offers a total of 13,000 square feet, with 2,600 square feet currently available for lease. Built in 2008, the property boasts a convenient location within Pima County, zoned P-I (City of Tucson), and features a generous 13,000 square foot lot. The building's classification as both manufacturing and flex space provides significant versatility, catering to a wide range of industrial and commercial uses. The multiple tenancy structure allows for potential collaboration or expansion opportunities. The property's APN is 104-28-038. This is an ideal location for businesses seeking a well-maintained, spacious, and strategically located industrial facility in the thriving Tucson market. The available 2,600 square feet offers immediate occupancy potential for a growing enterprise. Don't miss this chance to secure your business's future in this prime Tucson location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,480,000
      ML approach
      $1,540,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,131,000
      Market price range: $177k - $1.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.938
    Latitude
    32.1345
    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
    $1,369
    $4,950
    $34,651
    $39,601
    -
    $33,000
    $231,004
    $264,004

    Comparable in this City

    • Value Estimation
      $235,000
      0.32 Acres

      Tucson, AZ 85706

      MANUFACTURING (LIGHT) • 0.32 Acres
      Tucson, AZ 85706
      View Details
    • Value Estimation
      $265,000
      1,300 SF

      2175 Valencia Rd

      MANUFACTURING (LIGHT) • 1,300 SF
      2175 Valencia Rd, Tucson, AZ 85706-5812
      View Details
    • Value Estimation
      $890,000
      39,000 SF

      Tucson, AZ 85706

      MANUFACTURING (LIGHT) • 39,000 SF
      Tucson, AZ 85706
      View Details
    • Value Estimation
      $275,000
      1,300 SF

      Tucson, AZ 85706

      MANUFACTURING (LIGHT) • 1,300 SF
      Tucson, AZ 85706
      View Details
    • Value Estimation
      $265,000
      1,300 SF

      Tucson, AZ 85706

      MANUFACTURING (LIGHT) • 1,300 SF
      Tucson, AZ 85706
      View Details
    • Value Estimation
      $275,000
      1,300 SF

      Tucson, AZ 85706

      MANUFACTURING (LIGHT) • 1,300 SF
      Tucson, AZ 85706
      View Details

    Similar Nearby for Sale

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      Tucson Industrial Property: 82,754 SF

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    • $995,000
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      Tucson Industrial Warehouse with Office

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      35,915 SF

      Prime Land on Valencia Road

      Land with frontage on heavily traveled Valencia Road.
      3061 W Valencia Rd, Tucson, AZ 85706
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    • Contact for pricing
      107,435 SF

      Valencia Road Commercial Land Available

      Prime commercial land on heavily traveled Valencia Road.
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    • $2,783,000
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      Tucson Retail Property For Sale

      Retail property with corporate lease and rental increases in Tucson.
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    Similar Nearby for Lease

    • $18,367 /Mo
      341,510 SF

      Southwest Tucson Industrial Yard

      8-acre industrial service yard, excellent location.
      4925 Nebraska St, Tucson, AZ 85706
      View Details
    • $0.90 SF/Yr
      29,682 SF

      Tucson Warehouse/Manufacturing Space For Lease

      Warehouse/manufacturing space near Tucson International Airport with heavy power.
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      View Details
    • $1.00 SF/Yr
      13,000 SF

      Los Ranchitos: Industrial Space Available

      Tucson Flex/Manufacturing Space - 2,600 SF Available
      2115 Valencia Road, Tucson, AZ 85706
      View Details
    • $12 SF/Yr
      30,000 SF

      Manufacturing Space with Air Conditioning

      30,000 SF manufacturing space with 22' ceilings and air-conditioning.
      3480 E Britannia Dr, Tucson, AZ 85706
      View Details
    • Contact for pricing
      140,405 SF

      Julian Commerce Center: Tucson Industrial

      140,000 SF Industrial Building, Excellent Location
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      View Details
    • $9 SF/Yr
      50,900 SF

      Tucson Flex Space - I-1 Zoning

      Large Flex Space Available; Ideal for Diverse Uses
      3160 Hemisphere Loop, Tucson, AZ 85706
      View Details
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    Tucson, AZ 85706
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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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