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

    3151 Drexel Rd Tucson, AZ 85706-2813

    • Warehouses
    • 29,481 SF
    • 1.93 lot acres
    OFF-MARKET
    Last Sale
    May 25, 2023
    $2,520,000
    Value Estimations
    $2,800,000
    Show details
    Cap Rate Potential
    8.2%
    Warehouses
    Location Intelligence
    Property ID
    US07-3385864
    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

    • MRK Global Network Crystals and Minerals Wholesaler / Rock Shop / Bead Wholesaler

    Property Details for 3151 Drexel Rd

    Year built
    1972
    Construction
    FRAME
    Lot size
    1.93 lot acres
    Property size
    29,481 SF
    Property type
    Warehouses
    APN
    140-09-0590
    APU
    140090590

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,765,000
      ML approach
      $2,690,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,800,000
      6.5%
      $3,510,000
      7%
      $3,260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,317,000
      Market price range: $2.32M - $6.96M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,805,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.925
    Latitude
    32.1493
    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
    $15,131
    $31,500
    $204,599
    $236,099
    -
    $210,000
    $1,363,990
    $1,573,990

    Comparable in this City

    • Value Estimation
      $855,000
      10,000 SF

      2775 Ganley Rd

      WAREHOUSE, STORAGE • 10,000 SF
      2775 Ganley Rd, Tucson, AZ 85706-4503
      View Details
    • Value Estimation
      $1,360,000
      13,959 SF

      6424 Tucson Blvd

      WAREHOUSE, STORAGE • 13,959 SF
      6424 Tucson Blvd, Tucson, AZ 85706-5816
      View Details
    • Value Estimation
      $905,000
      76,225 SF

      6360 Tucson Blvd

      WAREHOUSE, STORAGE • 76,225 SF
      6360 Tucson Blvd, Tucson, AZ 85706-5814
      View Details
    • Value Estimation
      $435,000
      11,400 SF

      2699 Valencia Rd

      WAREHOUSE, STORAGE • 11,400 SF
      2699 Valencia Rd, Tucson, AZ 85706-5914
      View Details
    • Value Estimation
      $630,000
      7,830 SF

      6390 Santa Clara Ave

      MINI-WAREHOUSE, STORAGE • 7,830 SF
      6390 Santa Clara Ave, Tucson, AZ 85706-7602
      View Details
    • Value Estimation
      $630,000
      16,992 SF

      4985 Canada St

      WAREHOUSE, STORAGE • 16,992 SF
      4985 Canada St, Tucson, AZ 85706-2069
      View Details

    Similar Nearby for Sale

    • $8,250,000
      82,754 SF

      Tucson Industrial Property: 82,754 SF

      Prime Tucson manufacturing/warehouse
      6270 Country Club Rd, Tucson, AZ 85706
      View Details
    • $995,000
      6,400 SF

      Tucson Industrial Warehouse with Office

      Industrial warehouse and office on 2.96 acres near I-10.
      2935 E Benson Hwy, Tucson, AZ 85706
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    • $6,000,000
      20.20 Acres

      Tucson Highway Commercial Land

      20 Acres, I-19 Frontage, High Traffic
      5515 Calle Santa Cruz, Tucson, AZ 85706
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    • Contact for pricing
      35,915 SF

      Prime Land on Valencia Road

      Land with frontage on heavily traveled Valencia Road.
      3061 W Valencia Rd, Tucson, AZ 85706
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    • Contact for pricing
      107,435 SF

      Valencia Road Commercial Land Available

      Prime commercial land on heavily traveled Valencia Road.
      3177 W Valencia Rd, Tucson, AZ 85706
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    • $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

    Similar Nearby for Lease

    • $0.90 SF/Yr
      29,682 SF

      Tucson Warehouse/Manufacturing Space For Lease

      Warehouse/manufacturing space near Tucson International Airport with heavy power.
      6223 S Palo Verde Rd, Tucson, AZ 85706
      View Details
    • Contact for pricing
      140,405 SF

      Julian Commerce Center: Tucson Industrial

      140,000 SF Industrial Building, Excellent Location
      5120 Julian Dr, Tucson, AZ 85706
      View Details
    • Contact for pricing
      184,080 SF

      Drexel Commerce Center: Tucson Warehouse

      Class A warehouse space, 67,600 - 116,480 SF available.
      2730 Drexel Rd, Tucson, AZ 85706
      View Details
    • $9 SF/Yr
      3,216 SF

      Renovated Flex Suite Near Airport

      3,216 SF flex suite near Tucson International Airport.
      3280 E Hemisphere Loop, Tucson, AZ 85706
      View Details
    • $18,367 /Mo
      341,510 SF

      Southwest Tucson Industrial Yard

      8-acre industrial service yard, excellent location.
      4925 Nebraska St, Tucson, AZ 85706
      View Details
    • $9 SF/Yr
      50,900 SF

      Tucson Flex Space - I-1 Zoning

      Large Flex Space Available; Ideal for Diverse Uses
      3160 Hemisphere Loop, Tucson, AZ 85706
      View Details
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    Tucson, AZ 85706-2813
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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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