Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2802 7th Ave Tucson, AZ 85713-4727

    • Apartment buildings
    • 3,473 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Apr 07, 2021
    $320,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1242927
    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 2802 7th Ave

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    3,473 SF
    Property type
    Apartment buildings
    APN
    119-02-1200
    APU
    119021200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.97
    Latitude
    32.1901
    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
    $1,905
    $90
    $59,296
    $59,386
    -
    $502
    $329,424
    $329,926

    Comparable in this City

    • Value Estimation by Request
      3,003 SF

      2207 8th Ave

      APARTMENT HOUSE (5+ UNITS) • 3,003 SF
      2207 8th Ave, Tucson, AZ 85713-3591
      View Details
    • Value Estimation by Request
      3,220 SF

      19 Veterans Blvd

      APARTMENT HOUSE (5+ UNITS) • 3,220 SF
      19 Veterans Blvd, Tucson, AZ 85713-6248
      View Details
    • Value Estimation by Request
      425 SF

      Tucson, AZ 85713

      APARTMENT HOUSE (5+ UNITS) • 425 SF
      Tucson, AZ 85713
      View Details
    • Value Estimation by Request
      3,127 SF

      312 26th St

      APARTMENT HOUSE (5+ UNITS) • 3,127 SF
      312 26th St, Tucson, AZ 85713-2926
      View Details
    • Value Estimation by Request
      3,378 SF

      2001 36th St

      APARTMENT HOUSE (5+ UNITS) • 3,378 SF
      2001 36th St, Tucson, AZ 85713-3812
      View Details
    • Value Estimation
      $1,115,000
      2,770 SF

      2245 6th Ave

      APARTMENT HOUSE (5+ UNITS) • 2,770 SF
      2245 6th Ave, Tucson, AZ 85713-3464
      View Details

    Similar Nearby for Sale

    • $425,000
      1,882 SF

      New Construction Duplex in Tucson

      New construction duplex, great investment near the University of Arizona.
      1520 E 27Th St, Tucson, AZ 85713
      View Details
    • New
      $299,900
      1,736 SF

      Tucson Duplex with Rental Income

      Duplex with steady rental activity near I-10 in Tucson.
      3615 S Lundy Ave, Tucson, AZ 85713
      View Details
    • $445,000
      2,184 SF

      New Duplex Near University of Arizona

      New 2024 duplex near U of A, ideal for investors.
      1446 S Cherry Ave, Tucson, AZ 85713
      View Details
    • $384,900
      2,438 SF

      Versatile Duplex in South Tucson

      Duplex with residential/commercial zoning, ideal for investment or business.
      320 E 29Th St, Tucson, AZ 85713
      View Details
    • $375,000
      2,197 SF

      Tucson Duplex Near Amenities

      Duplex with two units, convenient location, great investment opportunity.
      725 W 41St St, Tucson, AZ 85713
      View Details
    • $339,900
      1,608 SF

      Remodeled Duplex Investment Opportunity

      Turn-key duplex in South Tucson, remodeled and tenant-occupied.
      3613-3615 S Belmar Ave, Tucson, AZ 85713
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      686,023 SF

      Tucson Marketplace Retail Pads

      Prime Tucson retail pads, 8 available.
      0 Kino Pkwy & Park Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Southwest Tucson

      Retail space with high foot traffic near Interstate 19.
      418-454 S 12Th Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space Anchored by Fry's

      Retail space in high-traffic Tucson location, anchored by Fry's.
      E 22Nd St, Tucson, AZ 85713
      View Details
    • Contact for pricing
      6,525 SF

      Industrial Space in Central Location

      Well-maintained industrial park with quality interior finishes and central location.
      3778 E 43Rd Pl, Tucson, AZ 85713
      View Details
    • Contact for pricing

      114 Acres Mixed Use Commercial

      114 acres of commercial land for rent in Tucson.
      1120 East Tucson Marketplace Blvd, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      114 acres of mixed-use commercial land in Tucson.
      1125 E Tucson Marketplace Blvd, Tucson, AZ 85713
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2802 7th Ave
    Tucson, AZ 85713-4727
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!