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    3900 Costco Dr Tucson, AZ 85741-2999
    Property profile & analytics

    3900 Costco Dr Tucson, AZ 85741-2999

    View on Map
    • Strip malls
    • 11,874 SF
    • 1.57 lot acres
    Off-Market
    Last Sale Dec 1, 2021
    Property ID
    US07-0109750
    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
    $1,620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jabez Hair & Nail Studio / Hair Salon / Nail Salon
    • Sunset Spas / (Bike/Boat/Book/etc) Store / Kitchen & Bath Showroom
    • Cutlery Cosmic / (Bike/Boat/Book/etc) Store / Kitchen & Bath Showroom
    • Tim Rehrmann Team / Real Estate Agency
    • Presidential Pools & Spas / General Contractor

    Property Details for 3900 Costco Dr

    Year built
    2006
    Construction
    FRAME
    Lot size
    1.57 lot acres
    Property size
    11,874 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    101-05-093A
    APU
    10105093A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,015,000
      6.5%
      $1,860,000
      7%
      $1,730,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.048
    Latitude
    32.3277
    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
    $34,632
    $83,303
    $258,668
    $341,971
    -
    $462,794
    $1,437,046
    $1,899,840

    Comparable in this City

    • Value Estimation
      $1,930,000
      20,629 SF

      7250 La Cholla Blvd

      SHOPPING CENTER, STRIP CENTER • 20,629 SF
      7250 La Cholla Blvd, Tucson, AZ 85741-2352
      View Details
    • Value Estimation
      $1,350,000
      13,800 SF

      3720 Ina Rd

      SHOPPING CENTER, STRIP CENTER • 13,800 SF
      3720 Ina Rd, Tucson, AZ 85741-2089
      View Details
    • Value Estimation
      $795,000
      5,445 SF

      3701 Ina Rd

      SHOPPING CENTER, STRIP CENTER • 5,445 SF
      3701 Ina Rd, Tucson, AZ 85741-2199
      View Details
    • Value Estimation by Request
      3,723 SF

      4522 Ina Rd

      SHOPPING CENTER, STRIP CENTER • 3,723 SF
      4522 Ina Rd, Tucson, AZ 85741-2228
      View Details
    • Value Estimation
      $1,700,000
      14,519 SF

      3821 Costco Dr

      SHOPPING CENTER, STRIP CENTER • 14,519 SF
      3821 Costco Dr, Tucson, AZ 85741-2890
      View Details
    • Value Estimation
      $1,275,000
      8,142 SF

      2912 Ina Rd

      SHOPPING CENTER, STRIP CENTER • 8,142 SF
      2912 Ina Rd, Tucson, AZ 85741-2389
      View Details

    Similar Nearby for Sale

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      1.84 Acres

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      1.84 acres of commercial land in Marana, Arizona.
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      Land Along Interstate 10 Highway

      Land with residential and commercial potential near I-10.
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      La Cholla Blvd Land Opportunity

      Infill land with approved development package on high-traffic street.
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      50,220 SF

      Assisted Living Facility in Tucson

      Licensed 123-bed assisted living facility with expansion potential.
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      Freeway Pylon Land for Sale

      Land with freeway pylon, built in 2023, available for sale.
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    • $700,000

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      Commercial property for sale near Ina Road and I-10.
      7221 N Camino De Oeste, Tucson, AZ 85741
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    Similar Nearby for Lease

    • Contact for pricing

      Multi-Use Center For Lease

      Multi-use center suitable for restaurant, retail, and office tenants.
      4140 W Ina Rd, Tucson, AZ 85741
      View Details
    • $23 SF/Yr
      3,000 SF

      Restaurant Space with Large Kitchen

      Second generation restaurant space available for sublease in Tucson.
      8320 N Thornydale #110 Rd, Tucson, AZ 85741
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease.
      3835 W River Rd, Tucson, AZ 85741
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Gold Canyon

      Retail space available in a growing Tucson community.
      3720 West Ina Rd, Tucson, AZ 85741
      View Details
    • $18 SF/Yr

      Retail Space Available For Lease

      Retail space for lease at Ina Road & I-10.
      7221 N Camino De Oeste, Tucson, AZ 85741
      View Details
    • $12 SF/Yr
      1,800 SF

      Tucson Automotive Retail Space

      1800 sq ft, Single Tenant, Prime Location
      4443 Ina Rd, Tucson, AZ 85741
      View Details
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    Tucson, AZ 85741-2999
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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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