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    Property profile & analytics

    2475 Swan Rd Tucson, AZ 85712-5702

    • Individual retail properties
    • 25,181 SF
    • 3.50 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2021
    $4,200,000
    Value Estimations
    $4,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3397078
    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

    • Tucson Rapid Test / Medical Laboratory

    Property Details for 2475 Swan Rd

    Year built
    1998
    Construction
    FRAME
    Lot size
    3.50 lot acres
    Property size
    25,181 SF
    Property type
    Individual retail properties
    APN
    110-08-3060
    APU
    110083060

    Description

    This exceptional single-tenant retail property, located at 2475 N Swan Rd, Tucson, AZ 85712, offers 25,181 square feet of space on a generous 3.5-acre lot. Built in 1998, this one-story building boasts ample parking with over 300 spaces, making it highly convenient for customers and employees. The property is zoned C-1 and benefits from a high-traffic location along Grant Road, experiencing approximately 35,000 vehicles daily. Currently configured as a fitness center, the interior is adaptable to various retail or office uses. The building includes fire sprinklers and offers expansion potential. The property is entirely vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The lease rate is $11 per square foot, plus $3.75 per square foot in NNN charges. This free-standing building presents a compelling investment opportunity in a prime Tucson location. The cross street is Grant Road.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,215,000
      ML approach
      $4,220,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.894
    Latitude
    32.2519
    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
    $63,410
    $114,315
    $415,723
    $530,038
    -
    $762,100
    $2,771,486
    $3,533,586

    Comparable in this City

    • Value Estimation
      $855,000
      35,750 SF

      5548 Grant Rd

      GYM, HEALTH SPA • 35,750 SF
      5548 Grant Rd, Tucson, AZ 85712-2242
      View Details
    • Value Estimation
      $475,000
      16,985 SF

      Tucson, AZ 85712

      LAUNDROMAT (SELF-SERVICE) • 16,985 SF
      Tucson, AZ 85712
      View Details
    • Value Estimation
      $1,085,000
      50,688 SF

      3900 Grant Rd

      GYM, HEALTH SPA • 50,688 SF
      3900 Grant Rd, Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      16,600 SF

      6126-6290 Speedway Blvd

      Neighborhood centers • 16,600 SF
      6126-6290 Speedway Blvd, Tucson, AZ 85712
      View Details
    • Value Estimation
      $275,000
      7,280 SF

      5250 Pima St

      RETAIL STORES (PERSONAL SERVICES) • 7,280 SF
      5250 Pima St, Tucson, AZ 85712-3665
      View Details
    • Value Estimation
      $235,000
      1,318 SF

      5138 Pima St

      RETAIL STORES (PERSONAL SERVICES) • 1,318 SF
      5138 Pima St, Tucson, AZ 85712
      View Details

    Similar Nearby for Sale

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      Ross Dress For Less

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    • $2,500,000
      6,100 SF

      Tucson Automotive/Retail Property For Sale

      Excellent visibility, C-2 zoning, strong infill location in Tucson.
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      Tucson Speedway Retail Center

      Six-tenant retail strip, high traffic area.
      4648-4658 Speedway Blvd, Tucson, AZ 85712
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    Similar Nearby for Lease

    • $22 SF/Yr
      57,481 SF

      Retail and Office Space Available

      Retail and office suites in established Tucson shopping center.
      1101 N Wilmot Rd, Tucson, AZ 85712
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      Retail Space Near Tucson Medical

      Retail property in central Tucson, near Tucson Medical Center.
      4722-4790 E Grant Rd, Tucson, AZ 85712
      View Details
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      Monterey Village Retail Space For Lease

      Tucson Strip Mall: Prime Retail Space Available
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      Retail Space with Signage

      Retail space with prominent signage and ample parking available for lease.
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    • $21 SF/Yr
      2,463 SF

      Retail/Office Space Available

      Retail/Office space with quality finishes and monument signage available.
      3175 N Swan Rd, Tucson, AZ 85712
      View Details
    • $15 SF/Yr
      1,400 SF

      Retail Space on Speedway Boulevard

      Retail space available in high-traffic Tucson shopping center.
      5675 E Speedway Blvd, Tucson, AZ 85712
      View Details
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    Tucson, AZ 85712-5702
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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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