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    2301 Forbes Blvd Tucson, AZ 85745-1455
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    Property profile & analytics

    2301 Forbes Blvd Tucson, AZ 85745-1455

    View on Map
    • Manufacturing properties
    • 54,198 SF
    • 5.05 lot acres
    Off-Market
    Property ID
    US07-3330902
    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.
    Value Estimations
    $5,225,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Univision / Television Studio / Media Distribution
    • Kftu / Television Studio / Media Distribution
    • US Healthworks / Medical Clinic
    • Mister Car Wash / Warehouse & Storage
    • Concentra Urgent Care / Occupational Health Service / Medical Clinic

    Property Details for 2301 Forbes Blvd

    Year built
    1978
    Construction
    FRAME
    Lot size
    5.05 lot acres
    Property size
    54,198 SF
    Property type
    Manufacturing properties
    APN
    115-16-023B
    APU
    11516023B

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,545,000
      6.5%
      $6,040,000
      7%
      $5,610,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.996
    Latitude
    32.2491
    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
    $63,515
    $132,073
    $455,867
    $587,940
    -
    $880,488
    $3,039,111
    $3,919,599

    Comparable in this City

    • Value Estimation
      $4,150,000
      45,985 SF

      2165 Forbes Blvd

      MANUFACTURING (LIGHT) • 45,985 SF
      2165 Forbes Blvd, Tucson, AZ 85745-1457
      View Details
    • Value Estimation
      $3,005,000
      35,600 SF

      2520 Coyote Dr

      MANUFACTURING (LIGHT) • 35,600 SF
      2520 Coyote Dr, Tucson, AZ 85745-1238
      View Details
    • Value Estimation
      $695,000
      5,208 SF

      2410 Huachuca Dr

      MANUFACTURING (LIGHT) • 5,208 SF
      2410 Huachuca Dr, Tucson, AZ 85745-1267
      View Details
    • Value Estimation
      $1,635,000
      17,818 SF

      2002 Forbes Blvd

      MANUFACTURING (LIGHT) • 17,818 SF
      2002 Forbes Blvd, Tucson, AZ 85745-1418
      View Details
    • Value Estimation
      $1,105,000
      17,680 SF

      1842 Grant Rd

      MANUFACTURING (LIGHT) • 17,680 SF
      1842 Grant Rd, Tucson, AZ 85745-1219
      View Details
    • Value Estimation by Request
      10,295 SF

      2445 Huachuca Dr

      MANUFACTURING (LIGHT) • 10,295 SF
      2445 Huachuca Dr, Tucson, AZ 85745-1201
      View Details

    Similar Nearby for Sale

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      Vacant Lot Near Downtown Tucson

      Vacant lot near downtown, University of Arizona, and I-10.
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      Commercially Zoned Pad on Silverbell

      Commercially zoned land with full access on Silverbell Road.
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      Tucson Land with City Views

      Gated land with city and mountain views in Tucson.
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Industrial Space Near I-10

      3,000 SF industrial space available for lease near I-10.
      2500 North Coyote Dr, Tucson, AZ 85745
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      Single tenant industrial flex space available for rent.
      1687 W Grant Rd, Tucson, AZ 85745
      View Details
    • 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

      Medical Office Space Near Hospital

      Medical office space for rent, adjacent to St. Mary’s Hospital.
      1777 W St Marys Rd, Tucson, AZ 85745
      View Details
    • $28 SF/Yr
      22,736 SF

      Office Space with I-10 Visibility

      Centrally located office building with high visibility available for rent.
      201 North Bonita Ave, Tucson, AZ 85745
      View Details
    • $24 SF/Yr
      1,276 SF

      Medical Office Near St. Mary's

      Efficient medical office space located on hospital campus for rent.
      1702 West Anklam Rd, Tucson, AZ 85745
      View Details
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    2301 Forbes Blvd
    Tucson, AZ 85745-1455
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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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