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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4040 Oracle Rd Tucson, AZ 85705-2720

    • Outlet malls
    • 180,814 SF
    • 14.19 lot acres
    OFF-MARKET
    Value Estimations
    $23,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1485992
    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.

    Current Use by Public Records

    • Pizza Hut Express / Restaurant
    • CVS Pharmacy / Pharmacy
    • Target Optical / (Bike/Boat/Book/etc) Store
    • Target Grocery / Grocery & Convenience Store / Food Market
    • Benjamin T. Castaneda, PharmD / Pharmacy

    Property Details for 4040 Oracle Rd

    Year built
    2009
    Construction
    FRAME
    Lot size
    14.19 lot acres
    Property size
    180,814 SF
    Property type
    Outlet malls
    APN
    105-12-024F
    APU
    10512024F

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $29,520,000
      6.5%
      $27,250,000
      7%
      $25,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $23,295,000
      Market price range: $13.2M - $31.8M
      AI Estimate
      $19,972,000
      Market price range: $9.19M - $28.6M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $22,560,000
      Current use
      AUTO REPAIR, GARAGE
      $34,800,000
      Change: +54% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $33,155,000
      Change: +47% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.977
    Latitude
    32.2805
    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
    $300,813
    $723,122
    $2,362,862
    $3,085,984
    -
    $4,017,344
    $13,127,010
    $17,144,354

    Comparable in this City

    • Value Estimation
      $7,135,000
      87,197 SF

      415 Wetmore Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 87,197 SF
      415 Wetmore Rd, Tucson, AZ 85705
      View Details
    • Value Estimation
      $800,000
      10,525 SF

      4167 Oracle Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 10,525 SF
      4167 Oracle Rd, Tucson, AZ 85705
      View Details
    • Value Estimation by Request
      1.85 Acres

      4117 Oracle Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 1.85 Acres
      4117 Oracle Rd, Tucson, AZ 85705
      View Details
    • Value Estimation by Request
      0.29 Acres

      509 Limberlost Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 0.29 Acres
      509 Limberlost Dr, Tucson, AZ 85705
      View Details
    • Value Estimation by Request
      24,960 SF

      3830 Oracle Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 24,960 SF
      3830 Oracle Rd, Tucson, AZ 85705-3227
      View Details
    • Value Estimation by Request
      0.64 Acres

      4177 Oracle Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 0.64 Acres
      4177 Oracle Rd, Tucson, AZ 85705
      View Details

    Similar Nearby for Sale

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      1,800 SF

      Machine Shop with Fenced Yard

      Vacant machine shop with C-2 zoning and fenced yard.
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      Freestanding Retail/Flex Building For Sale

      Versatile 3,315 SF building on 0.64 acres in Tucson's Midtown.
      1097 W Prince Rd, Tucson, AZ 85705
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      Retail Building For Sale

      Retail building with 1,608 SF building size for sale.
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      Former Restaurant with Existing Infrastructure

      Former restaurant space available for sale with existing infrastructure.
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    Similar Nearby for Lease

    • Contact for pricing
      1,206 SF

      Retail Space on Oracle Road

      Retail space with high visibility and ample parking.
      4128-4144 N Oracle Rd, Tucson, AZ 85705
      View Details
    • Contact for pricing
      10,000 SF

      Busy Shopping Center Retail Space

      Retail space in a busy shopping center with excellent visibility.
      1282-1370 W Prince Rd, Tucson, AZ 85705
      View Details
    • $12 SF/Yr
      1,800 SF

      Retail Space on Grant Road

      Centrally located retail space with high visibility and access.
      2901-2957 E Grant Rd, Tucson, AZ 85705
      View Details
    • Contact for pricing
      16,056 SF

      Retail Space in Oracle Wetmore

      Premier retail location on Oracle Rd near Tucson Mall.
      4380-4386 N Oracle Rd, Tucson, AZ 85705
      View Details
    • $12 SF/Yr
      11,642 SF

      Retail Space at Prince & Flowing

      Retail space with supermarket anchor and high visibility location.
      1282 West Prince Rd, Tucson, AZ 85705
      View Details
    • $15 SF/Yr
      2,800 SF

      Retail Space in Attractive Center

      Retail space available in a remodeled center with Safeway.
      1725-3699 E Prince Rd, Tucson, AZ 85705
      View Details

    Property Visit Statistics

    • Visits by month
      190.3k
    • Visitors by month
      123.8k
    • Avg Time on site
      29 min
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    Tucson, AZ 85705-2720
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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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