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Property profile & analytics
OFF-MARKET
Estimated value
$11,040,000
Warehouses
2825 1st Ave, Tucson, AZ 85719-2508
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1287227
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1974
Construction
FRAME
Total area
10,550 SF
Lot
2.14 ac (93,168 SF)
APN
107-12-317C
UPID
US07-1287227
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
-
Storage King USA Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.04M
Owner & transaction history
Bcore Storage North 1st LLC · 5 yrs held
Bcore Storage North 1st LLC
since 2020
Last sale
$10.2M
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
$12,495,000
ML approach
$11,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.04M
Range $9.94M – $12.14M · ±10% · vs last sale $10.17M (Sep 14 2020)
Last sale anchor
$10.17M
Sep 14 2020
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
$1,046 / 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
$41,163
Tax year 2023
Assessed value
$496,800
Assessed 2024
Previous assessed
$414,000
+20.0% YoY
Effective rate
8.29%
On assessed value
Assessed land
$83,851
Assessed improvement
$412,949
Land market value
$465,840
Improvement market value
$2,294,160
Total market value
$2,760,000
Applied tax rate
1,050.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
10,550 SF
Lot
2.14 ac (93,168 SF)
APN
107-12-317C
UPID
US07-1287227
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
1974
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
2.14 ac
Current owner
From public records · entity-resolved
Bcore Storage North 1st LLC
Entity
Mailing address
150 E 52ND ST #32, NEW YORK, NY 10022-6017
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
—
Bcore Storage North 1st LLC
—
Deed
related
—
Sep 14, 2020
$10,173,541
Bcore Storage North 1st LLC
Mhc 20 LLC
Special Warranty Deed
$350,000,000 · Wells Fargo Bank NA
Aug 12, 2020
—
Karim M Rahimi
Norman L Nelson & Caro Trust
Warranty Deed
related
—
Jun 12, 2019
—
Mhc 20 Tucson Az LLC
—
Loan Modification
related
$350,000,000 · Jp Morgan Chase Bk
Apr 10, 2018
$301,000
Mhc 20 Tucson Az LLC
Westport Tucson Self Storage LLC
Special Warranty Deed
$303,100,000 · Jpmorgan Chase Bank NA
Jul 2, 2014
$2,300,000
Westport Tucson Self Storag
Warehouse Associates No IV
Grant Deed
—
—
—
Warehouse Associates IV
—
Deed Of Trust
related
$980,000 · Alliance Bank Of Arizona
—
—
Warehouse Associates IV
—
Deed Of Trust
related
$855,000 · Prudential Mortgage Capital Co
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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