Sign Up Successful!
You now have access to more from Realmo!
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

    244 Flores St Tucson, AZ 85705-5527

    • Motels
    • 1,399 SF
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    Feb 11, 2021
    $490,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2820074
    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

    • Mesquite Meadows / Hotel & Motel

    Property Details for 244 Flores St

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.41 lot acres
    Property size
    1,399 SF
    Property type
    Motels
    APN
    115-05-2420
    APU
    115052420

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.976
    Latitude
    32.2473
    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
    $2,293
    $12,969
    $21,956
    $34,925
    -
    $72,048
    $121,978
    $194,026

    Comparable in this City

    • Value Estimation by Request
      5,987 SF

      2637 Oracle Rd

      MOTEL • 5,987 SF
      2637 Oracle Rd, Tucson, AZ 85705-4325
      View Details
    • Value Estimation
      $965,000
      3,331 SF

      302 Flores St

      MOTEL • 3,331 SF
      302 Flores St, Tucson, AZ 85705-5406
      View Details
    • Value Estimation by Request
      4,152 SF

      1130 Miracle Mile

      MOTEL • 4,152 SF
      1130 Miracle Mile, Tucson, AZ 85705-3718
      View Details
    • Value Estimation by Request
      1,914 SF

      2537 Oracle Rd

      MOTEL • 1,914 SF
      2537 Oracle Rd, Tucson, AZ 85705-4323
      View Details
    • Value Estimation by Request
      1,340 SF

      437 Miracle Mile

      MOTEL • 1,340 SF
      437 Miracle Mile, Tucson, AZ 85705-3703
      View Details
    • Value Estimation
      $1,005,000
      5,120 SF

      2721 Oracle Rd

      MOTEL • 5,120 SF
      2721 Oracle Rd, Tucson, AZ 85705-4315
      View Details

    Similar Nearby for Sale

    • $1,150,000
      3,383 SF

      Tucson Hotel - 19 Keys, $1.15M

      Historic Tucson Hotel, Great ROI Potential
      1650 Oracle Rd, Tucson, AZ 85705
      View Details
    • $260,000
      0.32 Acres

      Tucson Mixed-Use Investment Opportunity

      Prime location, strong rental income potential.
      2040 Ruthrauff Rd, Tucson, AZ 85705
      View Details
    • $500,000
      0.52 Acres

      Prince Road Multifamily Investment

      Tucson RV Park & Mobile Homes, High Income Potential
      1036 Prince Rd, Tucson, AZ 85705
      View Details
    • Contact for pricing

      Tucson C-3 Zoned Commercial Land

      Prime Tucson location, 11,152 sq ft C-3 zoned lot.
      0 Swc Speedway & Main, Tucson, AZ 85705
      View Details
    • $549,000
      4,451 SF

      449 Fort Lowell Rd, Tucson, AZ 85705

      Retail properties • 4,451 SF
      449 Fort Lowell Rd, Tucson, AZ 85705
      View Details
    • $690,000
      4,636 SF

      Remodeled Retail Property For Sale

      Remodeled retail property with high visibility and heavy commercial zoning.
      3656 N Oracle Rd, Tucson, AZ 85705
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      14,767 SF

      Prime Tucson Executive Office Space

      14,767 SF Available, Class A Office
      333 Wetmore Rd, Tucson, AZ 85705
      View Details
    • $15 SF/Yr
      3,515 SF

      Downtown Tucson Commercial Space

      Prime Retail & Office Space Available
      300 6Th St, Tucson, AZ 85705
      View Details
    • $72,000
      1,200 SF

      Downtown Tucson Retail Space

      Prime Tucson storefront, 1200 sq ft.
      201 4Th Ave, Tucson, AZ 85705
      View Details
    • Contact for pricing
      25,463 SF

      Visible Office Space For Rent

      Highly visible office space in accessible north central location.
      3550-3562 N Oracle Rd, Tucson, AZ 85705
      View Details
    • $15 SF/Yr
      2,464 SF

      Professional Office Space For Rent

      Attractive office space in a desirable northwest location.
      3895 N Business Center Dr, Tucson, AZ 85705
      View Details
    • $390,000
      1,640 SF

      Industrial Property with Fenced Yard

      Industrial property featuring a fenced yard and proximity to I-10.
      4164 N Flowing Wells Rd, Tucson, AZ 85705
      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.
    244 Flores St
    Tucson, AZ 85705-5527
    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.