Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4302 Bellevue St Tucson, AZ 85712

    • Commercial real estate
    • 14,310 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1071600
    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

    • Commercial real estate

    Property Details for 4302 Bellevue St

    Year built
    1962
    Property size
    14,310 SF
    Property type
    Commercial real estate

    Description

    This exceptional multifamily investment opportunity presents a 27-unit apartment building located at 4302 E Bellevue St, Tucson, Arizona, 85712. Boasting 14,310 square feet of rentable space, this property offers a compelling value-add proposition. Built in 1962 and zoned R-3, the building features a desirable low-rise/garden configuration, enhancing its appeal to tenants. Each of the 27 units is a one-bedroom apartment. The property benefits from a convenient location near Downtown Tucson, providing easy access to the University of Arizona and Banner Health. Keypad entry enhances security. The exterior and common areas are well-maintained. The asking price is $3,375,000, representing a price per unit of $125,000. The property's strong financial performance is highlighted by a Pro-Forma NOI of $208,956 and a Pro-Forma Cap Rate of 6.19%. This presents a perfect opportunity for a 1031 exchange, offering significant potential for investors seeking a boutique property with substantial upside. The property's strong location, combined with its well-maintained condition and attractive unit configuration, makes it an ideal investment for those seeking a stable and growing income stream.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.9006113
    Latitude
    32.2376183

    Comparable in this City

    • $1,980,000
      3,612 SF

      Tucson Multifamily and Mobile Home

      25-unit property with apartments and mobile home pads in Tucson.
      4141 E Lee St, Tucson, AZ 85712
      View Details
    • $1,800,000
      7,528 SF

      New Construction Tucson Multifamily Investment

      Eight-unit multifamily property near the University of Arizona.
      4061 E Monte Vista Dr, Tucson, AZ 85712
      View Details
    • $5,940,000
      26,544 SF

      Midtown Tucson Apartment Community

      Single-story apartment community with yards and new air conditioning.
      4444 E Fairmount St, Tucson, AZ 85712
      View Details
    • $688,000

      Tucson Multifamily Property For Sale

      Multifamily property with development potential in Tucson, Arizona.
      5128 E Pima St E, Tucson, AZ 85712
      View Details
    • New
      $499,900
      2,513 SF

      Investment Property with Detached Duplex

      Three properties: single-family home plus detached duplex in Tucson.
      4138 E Desert Pl, Tucson, AZ 85712
      View Details
    • $430,000
      1,880 SF

      New Construction Duplex in Tucson

      New construction duplex in Tucson's desirable Garden District. Delivery April 2026.
      3902-B E Fairmount St, Tucson, AZ 85712
      View Details

    Similar Nearby for Sale

    • $1,980,000
      3,612 SF

      Tucson Multifamily and Mobile Home

      25-unit property with apartments and mobile home pads in Tucson.
      4141 E Lee St, Tucson, AZ 85712
      View Details
    • $5,940,000
      26,544 SF

      Midtown Tucson Apartment Community

      Single-story apartment community with yards and new air conditioning.
      4444 E Fairmount St, Tucson, AZ 85712
      View Details
    • $1,800,000
      7,528 SF

      New Construction Tucson Multifamily Investment

      Eight-unit multifamily property near the University of Arizona.
      4061 E Monte Vista Dr, Tucson, AZ 85712
      View Details
    • $688,000

      Tucson Multifamily Property For Sale

      Multifamily property with development potential in Tucson, Arizona.
      5128 E Pima St E, Tucson, AZ 85712
      View Details
    • New
      $499,900
      2,513 SF

      Investment Property with Detached Duplex

      Three properties: single-family home plus detached duplex in Tucson.
      4138 E Desert Pl, Tucson, AZ 85712
      View Details
    • $430,000
      1,880 SF

      New Construction Duplex in Tucson

      New construction duplex in Tucson's desirable Garden District. Delivery April 2026.
      3902-B E Fairmount St, Tucson, AZ 85712
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      18,000 SF

      Reddington Plaza: Tucson Office Space

      Prime Tucson Office Suites Available Now
      5801 Speedway Blvd, Tucson, AZ 85712
      View Details
    • $9 SF/Yr
      3,948 SF

      Alvernon Way Retail Space Available

      Tucson Retail/Office, 910-1974 sq ft
      2351 Alvernon Way, Tucson, AZ 85712
      View Details
    • $1.25 SF/Yr
      1,200 SF

      Retail Space on Speedway Blvd

      Retail space for lease with high traffic and accessibility.
      3955 E Speedway Blvd, Tucson, AZ 85712
      View Details
    • $24 SF/Yr
      10,972 SF

      Professional Office Space Available

      Two-story office building with natural light and views.
      3945 E Paradise Falls Dr, Tucson, AZ 85712
      View Details
    • $10 SF/Yr
      1,200 SF

      Midtown Tucson Retail/Office Space

      Located on Speedway, ample parking, variety of suite sizes.
      5801-5831 E Speedway Blvd, Tucson, AZ 85712
      View Details
    • $25 SF/Yr
      14,205 SF

      Professional Office Space Available

      Built-out office/medical space with parking and nearby amenities.
      4007 E Paradise Falls Dr, Tucson, AZ 85712
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4302 Bellevue St
    Tucson, AZ 85712
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.