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    Property profile & analytics

    2606 1st Ave Tucson, AZ 85719-2911

    • Strip malls
    • 9,098 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0976823
    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

    • Lino's Upholstery / Furniture & Home Goods / Home Decor Store
    • Bonnets Stems & Accessories / Plumbing Service / Building Supply

    Property Details for 2606 1st Ave

    Year built
    1953
    Construction
    FRAME
    Lot size
    0.56 lot acres
    Property size
    9,098 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    113-09-0870
    APU
    113090870

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,545,000
      6.5%
      $1,425,000
      7%
      $1,325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.961
    Latitude
    32.2543
    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
    $10,858
    $24,095
    $79,060
    $103,155
    -
    $133,859
    $439,224
    $573,083

    Comparable in this City

    • Value Estimation
      $690,000
      5,732 SF

      4433 1st Ave

      SHOPPING CENTER, STRIP CENTER • 5,732 SF
      4433 1st Ave, Tucson, AZ 85719-1031
      View Details
    • Value Estimation
      $590,000
      3,700 SF

      1132 Broadway Blvd

      SHOPPING CENTER, STRIP CENTER • 3,700 SF
      1132 Broadway Blvd, Tucson, AZ 85719-5846
      View Details
    • Value Estimation
      $655,000
      6,003 SF

      3430 1st Ave

      SHOPPING CENTER, STRIP CENTER • 6,003 SF
      3430 1st Ave, Tucson, AZ 85719-1803
      View Details
    • Value Estimation
      $865,000
      6,000 SF

      2962 Campbell Ave

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      2962 Campbell Ave, Tucson, AZ 85719-2813
      View Details
    • Value Estimation by Request
      0.13 Acres

      Tucson, AZ 85719

      SHOPPING CENTER, STRIP CENTER • 0.13 Acres
      Tucson, AZ 85719
      View Details
    • Value Estimation
      $2,155,000
      13,244 SF

      3620 1st Ave

      SHOPPING CENTER, STRIP CENTER • 13,244 SF
      3620 1st Ave, Tucson, AZ 85719-1600
      View Details

    Similar Nearby for Sale

    • $2,750,000
      13,000 SF

      First Avenue Retail Center Investment

      Tucson retail center: high-traffic location.
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      2,217 SF

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      20-year NNN lease in a regional super center.
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    • $850,000
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      Versatile Commercial Building on North 1st

      Freestanding building with showroom, offices, warehouse, and fenced yard.
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    • $1,345,000
      11,556 SF

      Broadway Retail and Office Building

      Central Tucson retail and office building with high visibility.
      2416-2424 E Broadway Blvd, Tucson, AZ 85719
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    • $1,400,000
      9,482 SF

      Tucson Warehouse Showroom and Offices

      Centrally located warehouse, showroom, and offices with arterial street frontage.
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    • $6,000,000

      Retail Property at Campbell Avenue

      15,120 SF retail property at a prime corner location.
      3180 North Campbell Ave, Tucson, AZ 85719
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      17,027 SF

      Retail Center on Campbell Avenue

      Retail spaces available in high-traffic Tucson location.
      E Prince Rd, Tucson, AZ 85719
      View Details
    • $14 SF/Yr
      5,351 SF

      Gee Plaza: Midtown Retail Opportunity

      Prime Campbell Ave retail space; 4 units available.
      2738 Campbell Ave, Tucson, AZ 85719
      View Details
    • Contact for pricing
      163,526 SF

      Campbell Plaza Retail Space For Lease

      Tucson Storefronts, Multiple Spaces Available
      0 Campbell Ave & Glenn St, Tucson, AZ 85719
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    • $25 SF/Yr
      2,080 SF

      Prime Retail Center - Tucson

      Class A Shopping Center, 2,080 SF Available
      4016 1St Ave, Tucson, AZ 85719
      View Details
    • $22 SF/Yr
      57,900 SF

      Tucson Retail Center Investment Opportunity

      Prime Tucson Strip Mall, 57,900 SF
      1st Ave. & Grant Rd, Tucson, AZ 85719
      View Details
    • $15 SF/Yr
      10,627 SF

      Tucson Retail Center Opportunity

      Prime Campbell Ave location, 10,627 SF available.
      0 Cor Campbell Ave & Prince Rd, Tucson, AZ 85719
      View Details
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    2606 1st Ave
    Tucson, AZ 85719-2911
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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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