Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3031 6th Ave Tucson, AZ 85713-4754
    Back to Search
    Property profile & analytics

    3031 6th Ave, Tucson, AZ 85713-4754

    View on Map
    • Hotels
    • 1,400 SF
    • 0.55 lot acres
    Off-Market
    Last Sale Dec 28, 2021
    Property ID
    US07-3257272
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Star Motel / Hotel & Motel

    Property Details for 3031 6th Ave

    Year built
    1946
    Construction
    FRAME
    Lot size
    0.55 lot acres
    Property type
    Hotels
    APN
    119-01-0580
    APU
    119010580

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2021 — Jeegarkumar Bhupendrakumar Amin Trupti J Amin Intrafamily Transfer · related —
    Aug 26, 2021 — Trupti J Amin Jeegarkumar B Amin Intrafamily Transfer · related —
    Apr 4, 2013 — Jeegarkumar B Amin Sgpsyogina LLC Warranty Deed —
    Apr 8, 2004 $375,000 Jeegarkumar B Amin Shivam,tr Grant Deed $103k · Shivam Trust
    Oct 5, 2000 $250,250 Shivam Trust Patel,vijay & Kokila V Grant Deed —
    Nov 25, 1997 $298,000 Patel,vijay & Kokila V Robert Flanagan Trustees Deed $243k · Seller
    Nov 25, 1997 — Flanagan,robert W & Dorothy R Richard Engelhard Trustees Deed · related —
    Aug 21, 1997 — Robert W Flanagan Richard Engelhard Grant Deed · related —
    Jan 9, 1992 $140,000 Gianninoto Tom Luo Grant Deed —
    — — Vijay Patel — Deed Of Trust · related $12k · Dilip L & Indu D Shah

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.968
    Latitude
    32.1882
    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
    $4,418
    $21,715
    $25,916
    $47,631
    -
    $120,640
    $143,980
    $264,620

    Comparable in this City

    • Value Estimation
      $1,150,000
      25,033 SF

      750 Starr Pass Blvd

      HOTEL
      750 Starr Pass Blvd, Tucson, AZ 85713-1405
      View Details
    • Value Estimation
      $590,000
      8,265 SF

      715 Starr Pass Blvd

      HOTEL
      715 Starr Pass Blvd, Tucson, AZ 85713-1404
      View Details
    • Value Estimation by Request
      5,328 SF

      1510 Fwy Rd

      HOTEL
      1510 Fwy Rd, Tucson, AZ 85713-1402
      View Details
    • Value Estimation by Request
      4,830 SF

      220 Benson Hwy

      HOTEL
      220 Benson Hwy, Tucson, AZ 85713-4849
      View Details
    • Value Estimation
      $1,300,000
      12,368 SF

      1420 Tucson Marketplace Blvd

      HOTEL
      1420 Tucson Marketplace Blvd, Tucson, AZ 85713-0006
      View Details
    • Value Estimation by Request
      0.13 Acres

      Tucson, AZ 85713

      HOTEL
      Tucson, AZ 85713
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,586 SF

      Established Restaurant in South Tucson

      High-traffic location with strong regional accessibility and loyal customer base.
      708 W Ajo Way, Tucson, AZ 85713
      View Details
    • Contact for pricing
      6,681 SF

      Santa Rita Park Multifamily Opportunity

      Eleven-unit multifamily property in Santa Rita Park neighborhood, Tucson.
      1742 S 4Th Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing
      49,658 SF

      I-10 Frontage Commercial Land

      Prime commercial land with I-10 frontage, suitable for various uses.
      723 W Silverlake Rd, Tucson, AZ 85713
      View Details
    • $7,675,000
      61,427 SF

      Tucson Industrial Property with Showroom

      61,427 SF industrial building with showroom for sale.
      3648 East Ajo Way, Tucson, AZ 85713
      View Details
    • Contact for pricing
      3,736 SF

      Retail Building in South Tucson

      Freestanding 3,736 SF retail building for sale.
      2238 S 6Th Ave, Tucson, AZ 85713
      View Details
    • $79,900
      0.09 Acres

      Vacant Lot with Mountain Views

      Cleared vacant lot in active 55+ community with amenities.
      5433 W Box R St, Tucson, AZ 85713
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,730 square feet.
      1301-1321 E Ajo Way, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Mixed-Use Commercial Land Available

      114 acres of commercial land for rent in Tucson.
      4575 S Kino Pkwy, Tucson, AZ 85713
      View Details
    • Contact for pricing
      3,460 SF

      Retail Space Near Interstate I-19

      Retail space with high visibility and traffic, near I-19.
      & I-19 Nec Ajo Way, Tucson, AZ 85713
      View Details
    • Contact for pricing
      4,644 SF

      Freestanding Retail Building with Signage

      Freestanding retail building suitable for various uses, with service bays.
      2632 S 6Th Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent, approximately 1,400 square feet.
      3388 E 22Nd St, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Retail Opportunity in Tucson, Arizona

      Standalone retail building with high visibility in Tucson, Arizona.
      15 West Ajo Way, 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.
    3031 6th Ave
    Tucson, AZ 85713-4754
    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

    Thank You for Inquiry
    3031 6th Ave, Tucson, AZ, 85713
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!