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Property profile & analytics
FOR LEASE
Strip malls
2823 E Speedway Blvd, Tucson, AZ 85716
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US07-0949948
For Lease
1 / 5
$18 SF/Yr
2823 E Speedway Blvd, Tucson, AZ 85716
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Construction
FRAME
Total area
5,123 SF
Lot
0.43 ac (18,857 SF)
APN
123-08-039A
UPID
US07-0949948
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
-
Jeffrey Katz Law Office Law Firm
-
Randy Davidson Designs Interior Design Home Decor Store
-
Rio Verde Ventures Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$655k
Owner & transaction history
2823 E Speedway LLC · 21 yrs held
2823 E Speedway LLC
since 2004
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%
$870,000
6.5%
$805,000
7%
$745,000
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$128 / 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
$12,703
Tax year 2023
Assessed value
$101,896
Assessed 2024
Previous assessed
$101,896
+0.0% YoY
Effective rate
12.47%
On assessed value
Assessed land
$28,851
Assessed improvement
$73,045
Land market value
$160,284
Improvement market value
$405,805
Total market value
$566,089
Applied tax rate
150.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1973
Construction
FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
5,123 SF
Lot
0.43 ac (18,857 SF)
APN
123-08-039A
UPID
US07-0949948
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
1973
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
2823 E Speedway LLC
Entity
Mailing address
PO BOX 57702, TUCSON, AZ 85732-7702
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
—
2823 E Speedway LLC
—
Deed
related
$858,000 · Zb NA
Jul 27, 2017
—
2823 E Speedway LLC
—
Deed
related
$880,000 · Charles A & Mona L Coury
Feb 28, 2007
—
2823 E Speedway LLC
—
Trustees Deed
related
$1,050,000 · Bank Of The West
Nov 30, 2004
$500,000
2823 E Speedway LLC
Mongelli,victor L JR & Sherree Y
Warranty Deed
related
$430,000 · Coury Trust 006329
Jul 30, 1999
$590,000
Victor L Mongelli
Chulengo Resources
Grant Deed
related
$560,000 · Bank Of Tucson
Dec 31, 1990
$368,500
Chulengo Resourc
Heller
Grant Deed
related
$300,000 · Seller
—
—
E Speedway Lcc Az 2823
—
Deed Of Trust
related
$75,000 · Icna Insurance Co
—
—
2823 E Speedway LLC
—
Deed Of Trust
related
$880,000 · Charles A & Mona L Coury
—
—
2823 E Speedway LLC
—
Deed Of Trust
related
$100,000 · Frederick M Coury
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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