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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3102 Benson Hwy Tucson, AZ 85706-1802

    • Grocery and convenience stores
    • 2,778 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1142886
    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

    • Circle K / Coffee Shop / Atm
    • Redbox / Movie Rental Kiosk / Dvd Store

    Property Details for 3102 Benson Hwy

    Year built
    1989
    Construction
    FRAME
    Lot size
    0.45 lot acres
    Property size
    2,778 SF
    Property type
    Grocery and convenience stores
    APN
    140-05-009B
    APU
    14005009B

    Description

    This exceptional 2,778 square foot free-standing retail building is available for lease in Tucson, Arizona. Situated on a generous 19,602 square foot lot at 3102 E Benson Hwy, this single-tenant property offers significant potential for a variety of businesses. Built in 1989, the building is zoned MU (Mixed Use) within Pima County, providing flexibility for potential tenants. The entire space is currently vacant, presenting a unique opportunity for a business to establish a strong presence in a high-traffic area. The property's address is 3102 E Benson Hwy, Tucson, AZ 85706, and its location offers excellent visibility and accessibility. The property's APN is 140-05-009B. With its ample square footage and prime location, this property is ideal for a business seeking a prominent and easily accessible space in a thriving Tucson neighborhood. The property's size and zoning offer a range of possibilities for a variety of commercial uses. This is a rare opportunity to secure a well-located, sizable retail space in a desirable area of Tucson.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $289,000
      Market price range: $290k - $471k

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.926
    Latitude
    32.1568
    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
    $4,688
    $21,170
    $24,375
    $45,545
    -
    $117,612
    $135,414
    $253,026

    Comparable in this City

    • Value Estimation
      $415,000
      2,480 SF

      5822 Palo Verde Rd

      CONVENIENCE STORE • 2,480 SF
      5822 Palo Verde Rd, Tucson, AZ 85706
      View Details
    • Value Estimation
      $300,000
      2,906 SF

      5690 12th Ave

      CONVENIENCE STORE • 2,906 SF
      5690 12th Ave, Tucson, AZ 85706-3102
      View Details
    • Value Estimation
      $585,000
      5,733 SF

      4685 Valencia Rd

      CONVENIENCE STORE • 5,733 SF
      4685 Valencia Rd, Tucson, AZ 85706-5030
      View Details
    • Value Estimation
      $1,740,000
      2,270 SF

      6301 Park Ave

      CONVENIENCE STORE • 2,270 SF
      6301 Park Ave, Tucson, AZ 85706-6030
      View Details
    • Value Estimation
      $345,000
      2,680 SF

      2 Valencia Rd

      CONVENIENCE STORE • 2,680 SF
      2 Valencia Rd, Tucson, AZ 85706-6818
      View Details
    • Value Estimation
      $325,000
      2,450 SF

      5680 Campbell Ave

      CONVENIENCE STORE • 2,450 SF
      5680 Campbell Ave, Tucson, AZ 85706-1577
      View Details

    Similar Nearby for Sale

    • $2,783,000
      2,323 SF

      Tucson Retail Property For Sale

      Retail property with corporate lease and rental increases in Tucson.
      4278 E Benson Hwy, Tucson, AZ 85706
      View Details
    • $795,000
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      Tucson Commercial Property with Renovations

      Renovated commercial property with MU zoning and parking.
      3452 E Milton Rd, Tucson, AZ 85706
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    • $756,000
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      Tucson Church/School - Prime Location

      5,040 SF, 79,366 SF Lot, MU Zoning
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    • $350,000
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      Tucson Car Wash Business for Sale

      Profitable Car Wash, Excellent Location
      6321 Park Ave, Tucson, AZ 85706
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    • $6,000,000
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      Tucson Highway Commercial Land

      20 Acres, I-19 Frontage, High Traffic
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    • $995,000
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      Tucson Industrial Warehouse with Office

      Industrial warehouse and office on 2.96 acres near I-10.
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    Similar Nearby for Lease

    • $5,750 /Mo
      2,778 SF

      Freestanding Retail Space Available

      Retail space with high visibility and no use restrictions.
      3102 E Benson Hwy, Tucson, AZ 85706
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Southwest Tucson

      Retail space in a high-traffic southwest Tucson shopping center.
      6445 S 12Th Ave, Tucson, AZ 85706
      View Details
    • Contact for pricing
      3,959 SF

      Retail Space Near Major Anchors

      Retail space shadow-anchored by Fry’s and Lowe’s on Valencia.
      1865 W Valencia Rd, Tucson, AZ 85706
      View Details
    • $12 SF/Yr
      1,170 SF

      Retail Space in Valencia Center

      Retail space available in a busy shopping center.
      2940-3040 W Valencia Rd, Tucson, AZ 85706
      View Details
    • $1.38 SF/Yr
      90,000 SF

      Valencia Tech Park: Tucson Office Space

      Tucson Flex & Office Space Available
      3000 Valencia Road, Tucson, AZ 85706
      View Details
    • Contact for pricing
      4,000 SF

      Retail Pad Site Available

      Build-to-suit retail pad site in high-traffic Tucson location.
      2955 W Valencia Rd, Tucson, AZ 85706
      View Details
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    Tucson, AZ 85706-1802
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    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
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