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    3740 43rd Pl Tucson, AZ 85713-5402
    Property profile & analytics

    3740 43rd Pl, Tucson, AZ 85713-5402

    View on Map
    • Investment properties
    • 10,000 SF
    • 1.01 lot acres
    Off-Market
    Last Sale Jan 19, 2023
    $1,090,000
    Property ID
    US07-1001816
    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.
    Value Estimations
    $1,180,000
    Show details
    Cap Rate Potential
    9.9%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • All Fleet Services / Auto Repair Shop

    Property Details for 3740 43rd Pl

    Year built
    1974
    Construction
    FRAME
    Lot size
    1.01 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    132-04-1860
    APU
    132041860

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 31, 2024 — Washington Inaugural Properties LLC — Deed · related $600k · Arizona Bank & Trust
    Aug 17, 2023 — Wahington Inaugural Properties LLC — Deed · related $1.5M · Platinum Assets Investments Services Lll
    Jul 21, 2023 — Washington Inaugural Properties LLC — Deed · related $600k · Arizona Bank & Trust
    Jan 19, 2023 $1,090,000 Washington Inaugural Properties LLC Ricmicnik LLC Warranty Deed —
    Mar 11, 2016 — Ricmicmik LLC Williams,michael M Grant Deed · related —
    Feb 26, 2016 — John R Williams Morea Family Investments LLC Grant Deed · related —
    Jun 28, 2010 — Morea Family Investments LLC Williams,john R JR & Mozelle Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,195,000
      ML approach
      $1,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,197,000
      Market price range: $882k - $2.35M
      AI Estimate
      $1,318,000
      Market price range: $730k - $2.82M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,520,000
      Current use
      AUTO REPAIR, GARAGE
      $1,525,000
      Change: +1% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,270,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.912
    Latitude
    32.1857
    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
    $10,042
    $25,667
    $118,531
    $144,198
    -
    $142,594
    $658,506
    $801,100

    Comparable in this City

    • Value Estimation by Request
      0.36 Acres

      Tucson, AZ 85713

      STORE/OFFICE (MIXED USE)
      Tucson, AZ 85713
      View Details
    • Value Estimation
      $1,730,000
      25,493 SF

      706 46th St

      STORE/OFFICE (MIXED USE)
      706 46th St, Tucson, AZ 85713-5004
      View Details
    • Value Estimation
      $900,000
      7,904 SF

      811 47th St

      STORE/OFFICE (MIXED USE)
      811 47th St, Tucson, AZ 85713-5009
      View Details
    • Value Estimation
      $1,800,000
      49,226 SF

      3850 44th St

      STORE/OFFICE (MIXED USE)
      3850 44th St, Tucson, AZ 85713-5472
      View Details
    • Value Estimation
      $2,695,000
      23,500 SF

      690 36th St

      STORE/OFFICE (MIXED USE)
      690 36th St, Tucson, AZ 85713-4800
      View Details
    • Value Estimation by Request
      0.13 Acres

      3450 Broadmont Dr

      STORE/OFFICE (MIXED USE)
      3450 Broadmont Dr, Tucson, AZ 85713-5245
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,904 SF

      Tucson Retail Property For Sale

      Retail property available for sale in Tucson, Arizona.
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    • $2,912,000

      Fresenius Medical Center Investment Opportunity

      NNN leased Fresenius Medical Center near I-10 and Tucson VA.
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      2,197 SF

      Tucson Duplex Near Amenities

      Duplex with two units, convenient location, great investment opportunity.
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    • $420,000
      1,879 SF

      New Duplex Near I-10

      Income-producing duplex with separate units near I-10 in Tucson.
      2065 W Ajo Way, Tucson, AZ 85713
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    • $1,750,000
      8,800 SF

      Tucson Industrial Warehouse with Secured Yard

      8800 SF industrial warehouse with secured yard for sale.
      3626 E 47Th St E, Tucson, AZ 85713
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tucson Flex Space For Rent

      Flex, industrial, retail, and office spaces available for lease.
      3647-3681 S Dodge Blvd, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Tucson Retail Space Available

      Retail space for rent near downtown Tucson, Arizona.
      3390 S 6Th Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Palo Verde Flex/Industrial/Retail Space

      Flexible commercial space with storefront, parking, and loading area.
      3455 S Palo Verde Rd, Tucson, AZ 85713
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Near Regional Center

      Retail shops in a high-traffic regional center location.
      1570 E Tucson Marketplace Blvd, Tucson, AZ 85713
      View Details
    • $14 SF/Yr

      High-Visibility Retail Center in Tucson

      Retail center with strong traffic, anchored by Fry’s Food.
      3652-3658 S 16Th Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Mixed-Use Commercial Land Available

      114 acres at two freeway interchanges in Tucson metro area.
      Kino Pkwy & Park Ave, Tucson, AZ 85713
      View Details
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    Tucson, AZ 85713-5402
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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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