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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Retail space
3565 Speedway Blvd Tucson, AZ 85716-3939
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-2121322
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
FRAME
Total area
3,860 SF
Lot
0.24 ac (10,666 SF)
APN
122-18-450B
UPID
US07-2121322
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
-
Hi-Fi Workshop Computer & Electronic Repair
-
Nur Market & Restaurant Restaurant
-
Big Frog Custom T-Shirts & More Custom T-Shirt Store Embroidery Service
-
Complete Window Coverings Inc. (Bike/Boat/Book/etc) Store Home Decor Store
-
Farmers Insurance - Nathan Pederson Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$630k
Owner & transaction history
1216 Avenida Chelsea LLC · 3 yrs held
1216 Avenida Chelsea LLC
since 2022
Last sale
$599,000
3 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
$630,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
RETAIL STORES
$730,000
Current use
MEDICAL BUILDING
$615,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $599k (Aug 22 2022)
Last sale anchor
$599k
Aug 22 2022
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
$163 / 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
$6,322
Tax year 2023
Assessed value
$79,902
Assessed 2024
Previous assessed
$50,713
+57.6% YoY
Effective rate
7.91%
On assessed value
Assessed land
$15,359
Assessed improvement
$64,543
Land market value
$85,328
Improvement market value
$358,572
Total market value
$443,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
3,860 SF
Lot
0.24 ac (10,666 SF)
APN
122-18-450B
UPID
US07-2121322
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
RETAIL STORES Current
Est. value
$730,000
MEDICAL BUILDING
Est. value
$615,000
RETAIL STORES Current
MEDICAL BUILDING
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
1965
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
1216 Avenida Chelsea LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1216 AVENIDA CHELSEA, VISTA, CA 92081-8315
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
$599,000
1216 Avenida Chelsea LLC
Wertman Development LLC
Special Warranty Deed
—
Feb 28, 1992
—
Paul Wertman
City Of Tucson
Grant Deed
related
—
—
—
Wertman Dev LLC
—
Deed Of Trust
related
$335,000 · Bank Of The West
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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