Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2396 Riv Rd Tucson, AZ 85718

    • Medical Office Space
    • 18,335 SF
    • 1.83 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2022
    $9,261,000
    Value Estimations
    $9,485,000
    Show details
    Cap Rate Potential
    2.5%
    Medical Office Space
    Location Intelligence
    Property ID
    US07-1393226
    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

    • Medical Office Space

    Property Details for 2396 Riv Rd

    Year built
    2009
    Construction
    FRAME
    Lot size
    1.83 lot acres
    Property size
    18,335 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    108-25-287A
    APU
    10825287A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,740,000
      ML approach
      $9,670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,056,000
      Market price range: $2.71M - $7.06M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $14,700,000
      RESTAURANT
      $8,540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.936
    Latitude
    32.2856
    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
    $104,340
    $186,538
    $842,011
    $1,028,549
    -
    $1,036,321
    $4,677,839
    $5,714,160

    Comparable in this City

    • Value Estimation by Request
      1,232 SF

      4727 1st Ave

      DENTAL BUILDING • 1,232 SF
      4727 1st Ave, Tucson, AZ 85718-5610
      View Details
    • Value Estimation by Request
      1,232 SF

      4729 1st Ave

      DENTAL BUILDING • 1,232 SF
      4729 1st Ave, Tucson, AZ 85718-5610
      View Details
    • Value Estimation by Request
      1,440 SF

      4721 1st Ave

      DENTAL BUILDING • 1,440 SF
      4721 1st Ave, Tucson, AZ 85718-5610
      View Details
    • Value Estimation
      $1,840,000
      8,305 SF

      2490 Riv Rd

      MEDICAL CLINIC • 8,305 SF
      2490 Riv Rd, Tucson, AZ 85718-6522
      View Details
    • Value Estimation by Request
      2.13 Acres

      2500 Riv Rd

      MEDICAL CLINIC • 2.13 Acres
      2500 Riv Rd, Tucson, AZ 85718
      View Details
    • Value Estimation by Request
      1,008 SF

      4735 1st Ave

      DENTAL BUILDING • 1,008 SF
      4735 1st Ave, Tucson, AZ 85718-5610
      View Details

    Similar Nearby for Sale

    • $1,050,000
      3,487 SF

      Tucson Medical Condo For Sale

      NNN leased medical condo near Tucson Foothills.
      4566 N 1St Ave, Tucson, AZ 85718
      View Details
    • Contact for pricing
      12,000 SF

      River Road Medical Office Building

      Tucson Medical Office - 12,000 SF
      1107 River Rd, Tucson, AZ 85718
      View Details
    • $3,703,700
      8,140 SF

      Executive Office/Medical Building

      Tucson Office Space - 8,140 SF, $3.7M
      1775 Skyline Dr, Tucson, AZ 85718
      View Details
    • Contact for pricing
      8,140 SF

      Skyline Esplanade Medical/Professional Office

      High-end medical/professional office in prestigious Foothills location.
      1775 E Skyline Dr, Tucson, AZ 85718
      View Details
    • Contact for pricing
      7,152 SF

      Tucson Office Building For Sale

      Office building near Tucson Foothills, available Q1 2026.
      4582 N 1St Ave, Tucson, AZ 85718
      View Details
    • $420,000
      979 SF

      Class A Office Space Available

      Professional office setting with mountain views and lease income.
      6450 N Swan Rd, Tucson, AZ 85718
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      82,942 SF

      Sunrise Corporate Center: Tucson Office Space

      Class A Office Suites, Flexible Sizes Available
      3300 Sunrise Dr, Tucson, AZ 85718
      View Details
    • $28 SF/Yr
      4,723 SF

      Skyline Esplanade Office Space

      Tucson Office: 4,723 sq ft, Prime Location
      1755 Skyline Dr, Tucson, AZ 85718
      View Details
    • $29 SF/Yr
      42,250 SF

      Prime Foothills Tucson Office Space

      Class A office, flexible suites, ample parking.
      3430 Sunrise Dr, Tucson, AZ 85718
      View Details
    • Contact for pricing
      30,354 SF

      Prestigious Tucson Executive Office Suite

      Class A Office, 30,354 sq ft, Sublease
      3300 Sunrise Dr, Tucson, AZ 85718
      View Details
    • Contact for pricing
      167,640 SF

      Cambric Corporate Center: Tucson Office Space

      Prime Tucson Office Park, Multiple Suites Available
      1730-1880 River Rd, Tucson, AZ 85718
      View Details
    • Contact for pricing
      1,323 SF

      Foothills Office Space Available

      Office space in prime location with high-end amenities.
      6340 N Campbell Ave, Tucson, AZ 85718
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2396 Riv Rd
    Tucson, AZ 85718
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!