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    2538 Forgeus Ave Tucson, AZ 85716-2460

    • Apartment buildings
    • 5,807 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US07-1386268
    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

    • Apartment buildings

    Property Details for 2538 Forgeus Ave

    Year built
    1981
    Construction
    FRAME
    Lot size
    0.22 lot acres
    Property size
    5,807 SF
    Property type
    Apartment buildings
    APN
    112-07-101B
    APU
    11207101B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $205,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $195,000
      Mixed-Use
      $180,000
      Hospitality
      $235,000
      Educational
      $215,000
      Residential Income
      $205,000
      Energy
      $225,000
      Income-Based Land
      $205,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.933
    Latitude
    32.2531
    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
    $4,928
    $90
    $116,263
    $116,353
    -
    $502
    $645,908
    $646,410

    Comparable in this City

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      3839 Glenn St

      Multifamily properties
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      3737 4th St

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      2145 Country Clb Rd

      APARTMENT HOUSE (5+ UNITS) • 2,820 SF
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    • Value Estimation
      $1,265,000
      1,859 SF

      2541 Silver St

      APARTMENT HOUSE (5+ UNITS) • 1,859 SF
      2541 Silver St, Tucson, AZ 85716-2682
      View Details

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    Similar Nearby for Lease

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      Retail space with on-site parking and renovated building.
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      Multi-Tenant Office Complex For Rent

      Multi-tenant office complex with covered parking near University of Arizona.
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    • Contact for pricing
      1,892 SF

      San Clemente Shopping Center - Tucson

      Prime Retail Space, 1892 sq ft Available
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    2538 Forgeus Ave
    Tucson, AZ 85716-2460
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    Realmo Value Estimation

    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.

    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.

    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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