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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Office Spaces
3113 1st St Tucson, AZ 85716-4202
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0839191
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1971
Construction
FRAME
Total area
8,265 SF
Lot
0.54 ac (23,553 SF)
APN
125-13-020C
UPID
US07-0839191
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
-
Nelson Harrison DVM Veterinary Clinic
-
RC Lurie Tucson Interior Design
-
Miller Chris DVM Veterinary Clinic
-
Wulf Carolyn DVM Veterinary Clinic
-
Palles Insurance Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.52M
Owner & transaction history
Lurie Properties II LLC · 5 yrs held
Lurie Properties II LLC
since 2020
2 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%
$1,690,000
6.5%
$1,560,000
7%
$1,450,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,420,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,390,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,250,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$184 / 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
$18,218
Tax year 2023
Assessed value
$187,048
Assessed 2024
Previous assessed
$168,169
+11.2% YoY
Effective rate
9.74%
On assessed value
Assessed land
$29,719
Assessed improvement
$157,329
Land market value
$165,107
Improvement market value
$874,051
Total market value
$1,039,158
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
8,265 SF
Lot
0.54 ac (23,553 SF)
APN
125-13-020C
UPID
US07-0839191
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
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1971
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Lurie Properties II LLC
Entity
Mailing address
1122 N 7TH ST, PHOENIX, AZ 85006-2729
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2020
—
Lurie Properties II LLC
1050 N Cc Assocs INC
Quit Claim Deed
related
—
—
—
1050 N Country Club Assocs INC
—
Deed Of Trust
related
$950,000 · Bank Of Tucson
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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