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Property profile & analytics
OFF-MARKET
Estimated value
$28,180,000
Office Spaces
33 Stone Ave, Tucson, AZ 85701-1404
Entity Owned
19-yr Hold
Free & Clear
Property ID
US07-0697306
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1975
Construction
FRAME
Total area
160,000 SF
Lot
0.91 ac (39,699 SF)
APN
117-12-032B
UPID
US07-0697306
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
-
Arizona Autoparks General Contractor Construction Company
-
Baggin's Gourmet Sandwiches Take-out & Catering Catering Service
-
Pima County Legal Defender Law Firm
-
Gonzales Law Firm PC Law Firm
-
Peter A Matiatos Law Offices Law Firm Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.24M
Comparable Approach
Comparable
$24.52M
Blend (final)
Blend
$28.18M
Owner & transaction history
Pima County · 19 yrs held
Pima County
since 2007
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,760,000
6.5%
$30,240,000
7%
$28,080,000
Blend value · Realmo final
$28.18M
Range $25.36M – $31.00M · ±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
$176 / 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
Assessed value
$4,024,896
Assessed 2024
Previous assessed
$3,484,404
+15.5% YoY
Assessed land
$178,860
Assessed improvement
$3,846,036
Land market value
$993,666
Improvement market value
$21,366,869
Total market value
$22,360,535
Applied tax rate
163.0000
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
1975
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
16
Total area
160,000 SF
Lot
0.91 ac (39,699 SF)
APN
117-12-032B
UPID
US07-0697306
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
1975
Construction
FRAME
Heating
HEAT PUMP
Stories
16
Buildings
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Pima County
Entity
Free & Clear · 19 yrs held
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2007
—
Pima County
Us Bank NA
Grant Deed
related
—
Mar 7, 2007
—
Siminich E A Separate Prop
Siminich Family Trust
Quit Claim Deed
related
—
Dec 22, 2006
$355,218
Colton Family Trust
Ledgerwood Family Trust
Warranty Deed
—
Oct 18, 2002
$513,250
Murphy,tr
33 North Stone Partners
Grant Deed
—
Oct 4, 2002
$307,950
Janice P Andersen
33 North Stone Partners
Grant Deed
—
Aug 13, 2002
$337,440
Bierley,tr
33 North Stone Partners
Grant Deed
—
Jul 26, 2002
$590,240
Mrf Family LP
33 North Stone Partners Gp
Grant Deed
—
Jul 22, 2002
$266,890
Wilson M Fong
33 North Stone Partners
Grant Deed
—
Jul 18, 2002
$821,200
Kelly L Cook
33 North Stone Partners
Grant Deed
—
Jul 17, 2002
$340,800
Lodgewood Trust
33 North Stone Partners
Grant Deed
—
Jul 12, 2002
$307,950
Glen Brimhall
33 North Stone Partners
Grant Deed
—
May 30, 2002
$400,000
Dale H Steinberg
33 North Stone Partners
Grant Deed
—
Apr 23, 2002
$539,940
Kay Madsen
33 North Stone Partners
Grant Deed
—
Apr 23, 2002
$595,370
Wallace R Alvey
33 North Partners
Grant Deed
—
Apr 12, 2002
$528,390
Laser Med LLC
33 North Stone Partners
Grant Deed
—
Apr 11, 2002
$342,850
Miller Trust
33 North Stone Partners
Grant Deed
—
Apr 11, 2002
$273,050
Gary G Fitzgerald
33 North Stone Partners
Grant Deed
—
Dec 21, 2001
$12,500,000
33 Stone Partners
Property Reserve Arizona LLC
Grant Deed
—
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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