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    2700 Bilby Rd Tucson, AZ 85706-4554
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    Property profile & analytics

    2700 Bilby Rd, Tucson, AZ 85706-4554

    View on Map
    • Investment properties
    • 13,452 SF
    • 2.44 lot acres
    Off-Market
    Property ID
    US07-0772628
    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.
    Value Estimations
    $2,835,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Advalue Photonics Inc / Electronics & Wireless Store / Big Box & Wholesale Store
    • Innovations In Cycling / Engineer

    Property Details for 2700 Bilby Rd

    Year built
    1986
    Construction
    WOOD
    Lot size
    2.44 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    140-27-038B
    APU
    14027038B

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 10, 2018 $1,335,000 Bilby 2700 Property LLC Innovations Holdings INC Grant Deed —
    Nov 25, 2008 — Pace Family Trust Pace,f R & O K Family Trust Quit Claim Deed · related —
    Dec 15, 1994 $730,000 Innovations Holding INC Iota Engineering Co Grant Deed $657k · National Bank Canada
    Aug 7, 1990 — Techlink Control Unknown Grant Deed · related —
    — — Innovations Holding INC — Deed Of Trust · related $150k · Northern Trust Bank Arizona
    — — Innovations Holdings INC — Deed Of Trust · related $2M · Northern Trust Bank
    — — Innovations Holdings INC — Deed Of Trust · related —
    — — Innovations Holding INC — Deed Of Trust · related $250k · Northern Trust Bank Arizona
    — — Innovations Holdings INC — Deed Of Trust · related $520k · Northern Trust Bank Arizona
    — — Innovations Holding INC — Deed Of Trust · related $1.2M · Northern Trust Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,420,000
      6.5%
      $2,235,000
      7%
      $2,075,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,044,000
      Market price range: $1.26M - $4.15M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,570,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,890,000
      Change: -15% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,660,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.931
    Latitude
    32.1408
    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
    $23,138
    $38,329
    $343,719
    $382,048
    -
    $212,940
    $1,909,550
    $2,122,490

    Comparable in this City

    • Value Estimation by Request
      2.93 Acres

      3280 Hemisphere Loop

      STORE/OFFICE (MIXED USE)
      3280 Hemisphere Loop, Tucson, AZ 85706-5023
      View Details
    • Value Estimation
      $900,000
      5,796 SF

      6202 Sears Blvd

      STORE/OFFICE (MIXED USE)
      6202 Sears Blvd, Tucson, AZ 85706
      View Details
    • Value Estimation
      $1,580,000
      7,170 SF

      5240 Bantam Rd

      STORE/OFFICE (MIXED USE)
      5240 Bantam Rd, Tucson, AZ 85706-1986
      View Details
    • Value Estimation by Request
      1.00 Acres

      3293 Hemisphere Loop

      STORE/OFFICE (MIXED USE)
      3293 Hemisphere Loop, Tucson, AZ 85706
      View Details
    • Value Estimation
      $2,240,000
      14,430 SF

      6203 Campbell Ave

      STORE/OFFICE (MIXED USE)
      6203 Campbell Ave, Tucson, AZ 85706
      View Details
    • Value Estimation
      $1,875,000
      10,000 SF

      5785 Belvedere Ave

      STORE/OFFICE (MIXED USE)
      5785 Belvedere Ave, Tucson, AZ 85706-4931
      View Details

    Similar Nearby for Sale

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      1,860 SF

      Renovated Commercial Building Near I-10

      Renovated 1,860 SF commercial building with mixed-use zoning.
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      Tucson Mixed-Use Property Available

      Mixed-use property for sale in Tucson, Arizona.
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      3,037 SF

      Commercial Property on Nogales Highway

      Two-parcel commercial property with building and highway frontage.
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    • $1,500,000
      1.78 Acres

      Prime Commercial Pad in Tucson

      High-traffic location suitable for retail, restaurants, or car wash.
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    • $425,000
      1,882 SF

      New Construction Duplex in Tucson

      Income-generating new construction duplex near the airport and I-19.
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      2,323 SF

      Tucson Retail Property For Sale

      Retail property with corporate lease and rental increases in Tucson.
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building in Tucson, Arizona

      82,737 SF multi-tenant industrial building for lease.
      3280 E Hemisphere Loop, Tucson, AZ 85706
      View Details
    • Contact for pricing

      Flex Industrial Building Near Airport

      Flex industrial space suitable for manufacturing, R&D, office, warehouse.
      3160 E Transcon Way, Tucson, AZ 85706
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      2,778 SF

      Freestanding Retail Space Available

      Retail space with high visibility and no use restrictions.
      3102 E Benson Hwy, Tucson, AZ 85706
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Southwest Tucson

      Retail space in a high-traffic southwest Tucson shopping center.
      6445 S 12Th Ave, Tucson, AZ 85706
      View Details
    • Contact for pricing
      30,000 SF

      Manufacturing Space with Air Conditioning

      30,000 SF manufacturing space with 22' ceilings and air-conditioning.
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      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial space available for lease.
      2115 E Valencia Road, Tucson, AZ 85706
      View Details
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    Tucson, AZ 85706-4554
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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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