Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,360,000
Grocery and convenience stores
2814 6th Ave Tucson, AZ 85713
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1467697
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Construction
FRAME
Total area
47,420 SF
Lot
8.83 ac (384,695 SF)
APN
119-02-123F
UPID
US07-1467697
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.74M
CAP Approach
CAP
$9.62M
Comparable Approach
Comparable
$8.67M
Blend (final)
Blend
$9.36M
Owner & transaction history
Myung H Choi · 4 yrs held
Myung H Choi
since 2022
Last sale
$12.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.7M
+144.3%
Medical building
$10.6M
+88.5%
Auto repair, garage
$7.2M
+28.9%
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
$12,900,000
ML approach
$9,740,000
CAP Approach
CAP Return
Estimation
6%
$10,420,000
6.5%
$9,620,000
7%
$8,935,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,720,000
Change: +144% · Conversion: Moderate
MEDICAL BUILDING
$10,585,000
Change: +88% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,240,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,205,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$9.36M
Range $8.42M – $10.30M · ±10% · vs last sale $12.27M (Jun 29 2022)
Last sale anchor
$12.27M
Jun 29 2022
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
$197 / 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
Tax billed
$124,666
Tax year 2023
Assessed value
$1,306,126
Assessed 2024
Previous assessed
$1,066,833
+22.4% YoY
Effective rate
9.54%
On assessed value
Assessed land
$311,603
Assessed improvement
$994,523
Land market value
$1,731,128
Improvement market value
$5,525,126
Total market value
$7,256,254
Applied tax rate
120.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
5
Stories
1
Total area
47,420 SF
Lot
8.83 ac (384,695 SF)
APN
119-02-123F
UPID
US07-1467697
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$10.6M
AUTO REPAIR, GARAGE
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
5
Lot
8.83 ac
Current owner
From public records · entity-resolved
Myung H Choi
Individual
Mailing address
1720 E TRADITION LN, LAKE HAVASU CITY, AZ 86404-5973
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
$12,265,000
Myung H Choi
Green Foods LLC
Special Warranty Deed
$7,560,063 · The Foothills Bank
Sep 11, 2018
—
J3 Capital Fund I LLC
Fiesta Mercado St LLC
Grant Deed
related
—
Jul 18, 2017
—
Green Foods LLC
—
Grant Deed
related
$5,812,500 · Western Alliance Bk
Jun 23, 2017
$7,750,000
Green Foods LLC
Fiesta Mercado St LLC
Grant Deed
—
Jun 23, 2017
—
J3 Capital Fund I LLC
Fiesta Mercado St LLC
Trustees Deed
related
$5,812,500 · Western Alliance Bk
Dec 28, 2009
—
Fiesta Mercado St LLC
City Of South Tucson
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2814 6th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
