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Property profile & analytics
FOR SALE
Showrooms
3648 East Ajo Way, Tucson, AZ 85713
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0128296
For Sale
1 / 3
$7,675,000
3648 East Ajo Way, Tucson, AZ 85713
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2005
Construction
FRAME
Total area
61,427 SF
Lot
4.56 ac (198,510 SF)
APN
132-20-128A
UPID
US07-0128296
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
-
Hunter Delivery Services Trucking Company
-
Copenhagen Service and Clearance Center Furniture & Home Goods Home Decor Store
-
Plutus Motor Group Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.23M
Comparable Approach
Comparable
$8.39M
Blend (final)
Blend
$9.62M
Owner & transaction history
Christensen,t & J Family Trust · 10 yrs held
Christensen,t & J Family Trust
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.7M
+46.9%
Auto repair, garage
$9.4M
+0.5%
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%
$12,165,000
6.5%
$11,225,000
7%
$10,425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,330,000
Current use
MEDICAL BUILDING
$13,710,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,380,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,805,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$9.62M
Range $8.66M – $10.58M · ±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
$157 / 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
$76,511
Tax year 2023
Assessed value
$1,010,376
Assessed 2024
Previous assessed
$784,927
+28.7% YoY
Effective rate
7.57%
On assessed value
Assessed land
$80,397
Assessed improvement
$929,979
Land market value
$446,648
Improvement market value
$5,166,551
Total market value
$5,613,199
Applied tax rate
100.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
2005
Construction
FRAME
Heating
YES
Cooling
EVAPORATIVE
Stories
1
Total area
61,427 SF
Lot
4.56 ac (198,510 SF)
APN
132-20-128A
UPID
US07-0128296
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
$9.3M
MEDICAL BUILDING
Est. value
$13.7M
AUTO REPAIR, GARAGE
Est. value
$9.4M
INDUSTRIAL (GENERAL)
Est. value
$7.8M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2005
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
4.56 ac
Current owner
From public records · entity-resolved
Christensen,t & J Family Trust
Trust
Mailing address
3660 E FT LOWELL RD, TUCSON, AZ 85716-1728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2016
—
Christensen,t & J Family Trust
Christensen,tony M & Jonna
Quit Claim Deed
related
—
Apr 6, 2016
—
Hansen,erik & A L Family Trust
Hansen,erik V & Anna L
Quit Claim Deed
related
—
Jul 24, 2012
—
Hansen Jorgen & Cynthia Trust
Hansen Jorgen Trust
Quit Claim Deed
related
—
Jul 8, 2004
$595,533
Hansen,jorgen V Trust
Trust,2550
Grant Deed
related
—
—
—
Hansen J V Trust Agreement
—
Deed Of Trust
related
$2,700,000 · J P Morgan Chase Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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