New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Turn key restaurants
256 Congress St Tucson, AZ 85701-1829
Entity Owned
10-yr Hold
Free & Clear
Property ID
US07-2372744
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1928
Construction
FRAME
Total area
14,005 SF
Lot
0.35 ac (15,085 SF)
APN
117-06-187E
UPID
US07-2372744
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chela's Latin Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.48M
Owner & transaction history
5 North 5th Hotel LLC · 10 yrs held
5 North 5th Hotel LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tucson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tucson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$255,864
Assessed 2024
Previous assessed
$255,864
+0.0% YoY
Assessed land
$54,306
Assessed improvement
$201,558
Land market value
$301,700
Improvement market value
$1,119,769
Total market value
$1,421,469
Applied tax rate
163.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1928
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
14,005 SF
Lot
0.35 ac (15,085 SF)
APN
117-06-187E
UPID
US07-2372744
Jurisdiction
PIMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1928
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
5 North 5th Hotel LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 27210, TUCSON, AZ 85726-7210
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2015
—
5 North 5th Hotel LLC
5 North 5th Hote LLC
Quit Claim Deed
related
—
Sep 12, 2013
—
5 North 5th Hotel LLC
Tucson Urban LLC
Grant Deed
related
—
May 9, 2012
—
Tucson Urban LLC
Tucson Urban LLC
Quit Claim Deed
related
$2,240,000 · National Bk/az
Aug 2, 2010
—
Tucson Urban Land LLC
Tucson Urban Land LLC
Quit Claim Deed
related
—
Oct 20, 2006
$1,900,000
Tucson Urban Land LLC
Rialto Redux LLC
Warranty Deed
—
Sep 12, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Apr 4, 2006
$4,000,000
Rialto Redux LLC
Rialto Piazza LLC
Trustees Deed
related
$2,000,000 · Stephen E Quinian
Aug 11, 2004
$900,000
256 East Congress LLC
Lindquist,cynthia A
Grant Deed
—
—
—
Tucson Urban LLC
—
Deed Of Trust
related
$500,000 · Paul W Chellgren
—
—
Tucson Urban LLC
—
Deed Of Trust
related
$750,000 · Timothy J Ryan Dopc Defined
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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