2475 Water St Tucson, AZ 85719-3455
Property Lookup
Property profile & analytics
2475 Water St Tucson, AZ 85719-3455
- Retail space
- 6,900 SF
- 0.88 lot acres
Property ID
US07-1305145
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 2475 Water St
- Year built
- 1959
- Construction
- FRAME
- Lot size
- 0.88 lot acres
- Property size
- 6,900 SF
- Property type
- Retail space
- APN
- 112-06-4260
- APU
- 112064260
Description
This exceptional 6,900-square-foot free-standing office building presents a unique opportunity for a single tenant. Completely renovated in 2014, the property boasts a highly functional layout ideal for a variety of executive office uses. The space includes 18 individual offices, a sizable conference room perfect for meetings and presentations, a large open bull pen area for collaborative work, and a spacious training room suitable for employee development or client workshops. Accessibility is ensured with ADA-compliant restrooms. Employee comfort is further enhanced by a large breakroom equipped with a dishwasher. The building sits on a single story and is zoned as Tucson C2. Ample parking is provided with 40 spaces, a significant advantage in a busy urban setting. Its central location offers easy access to the University of Arizona, Banner University Medical Center, and a wealth of shopping and dining options, making it highly attractive to employees and clients alike. The property features a base rent of $15 per square foot annually, with a triple net (NNN) lease estimated at an additional $5.50 per square foot annually. The Assessor's Parcel Number (APN) is 112-06-4260. This is a turnkey solution for a business seeking a prestigious and well-equipped office environment in a highly desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,095,000
- 6.5%
- $1,010,000
- 7%
- $935,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,283,000
- AI Estimate
- $948,000
Market price range: $587k - $1.40MMarket price range: $315k - $1.03M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $905,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,995,000 Change: +121% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,895,000 Change: +110% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,880,000 Change: +108% Conversion: Difficult
- MEDICAL BUILDING
- $1,540,000 Change: +71% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,030,000 Change: +14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.936
- Latitude
- 32.2524
- 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
$15,103
$42,390
$115,928
$158,318
-
$235,500
$644,043
$879,543
