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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Investment properties
228 4th Ave Tucson, AZ 85705-8473
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3479125
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1903
Construction
FRAME
Total area
2,894 SF
Lot
0.28 ac (12,197 SF)
APN
117-06-0660
UPID
US07-3479125
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
-
Casa Libre Charitable Organization Social Service Agency
-
Tucson Herb Store (Bike/Boat/Book/etc) Store Specialty Food Shop
-
Downtown Tucson Bodywork Alternative Medicine Practice Spa & Massage Center
-
BodegaShram Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Rubicon 4th LLC · 4 yrs held
Rubicon 4th LLC
since 2022
Last sale
$1.6M
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
$1,525,000
ML approach
$1,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Mar 21 2022)
Last sale anchor
$1.60M
Mar 21 2022
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
$553 / 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
$3,917
Tax year 2023
Assessed value
$67,215
Assessed 2024
Previous assessed
$55,337
+21.5% YoY
Effective rate
5.83%
On assessed value
Assessed land
$13,173
Assessed improvement
$54,042
Land market value
$73,182
Improvement market value
$300,233
Total market value
$373,415
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1903
Construction
FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
2,894 SF
Lot
0.28 ac (12,197 SF)
APN
117-06-0660
UPID
US07-3479125
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
1903
Construction
FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Rubicon 4th LLC
Entity
Mailing address
7231 E DESERT MOON LOOP, TUCSON, AZ 85750-0921
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
$1,600,000
Rubicon 4th LLC
228 4th Ave LLC
Special Warranty Deed
$1,120,000 · Pima FCU
Aug 26, 2021
$975,000
228 4th Ave LLC
Kristen E Nelson
Special Warranty Deed
$550,000 · Pima FCU
Jun 15, 2018
—
Kristen E Nelson
—
Deed
related
$280,000 · Wells Fargo Bank NA
Sep 12, 2013
—
Kristen E Nelson
Nelson,jean
Quit Claim Deed
related
—
Jan 14, 2004
$460,000
Kristan S Nelson
Sills,john A
Grant Deed
$368,000 · M & I Marshall & Isley Bank
Dec 29, 1993
$205,500
John A Sills
Reed
Grant Deed
—
—
—
Kristen E Nelson
—
Deed Of Trust
related
$318,408 · Bmo Harris Bank
—
—
John A Sills
—
Deed Of Trust
related
$100,000 · Bank One NA
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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