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Property profile & analytics
FOR LEASE
Retail space
4306 N Oracle Rd Tucson, AZ 85705
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-0955232
For Lease
1 / 6
$5,420,000
4306 N Oracle Rd, Tucson, AZ 85705
View Listing →
Property summary
AI-generated overview
The Corner, located at 4306 N Oracle Rd, Tucson, AZ 85705, offers exceptional retail space in a prime location. This single-story, 79,952 square foot center, built in 2013, is zoned OCR-2 and features multiple tenancies. Currently, there are spaces available ranging from 1,728 to 4,056 square feet. The property benefits from its strategic position at the intersection of Oracle Rd and Wetmore Rd, ensuring high visibility and accessibility. The Corner is co-anchored by Total Wine and Nordstrom Rack, and includes a strong roster of national tenants such as Aspen Dental, T-Mobile, Mattress Firm, Sleep Number, and American's Best Contacts and Eyeglasses. With a significant retail presence within a one-mile radius (4,907,542 square feet), this property presents a compelling opportunity for businesses seeking a prominent position in a thriving Tucson market. The property's APN is 105-11-0700. This is an ideal location for businesses seeking high foot traffic and strong brand recognition.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Construction
FRAME
Total area
33,536 SF
Lot
6.55 ac (285,440 SF)
APN
105-11-0700
UPID
US07-0955232
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.06M
Comparable Approach
Comparable
$5.90M
Blend (final)
Blend
$5.42M
Owner & transaction history
Inland Diversified Tucson Corn · 13 yrs held
Inland Diversified Tucson Corn
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.6M
+105.6%
Commercial (general)
$8.2M
+96.2%
Medical building
$7.5M
+78.9%
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%
$5,475,000
6.5%
$5,055,000
7%
$4,695,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,185,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,605,000
Change: +106% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,210,000
Change: +96% · Conversion: Easy
MEDICAL BUILDING
$7,485,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,455,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,150,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$5.42M
Range $4.88M – $5.96M · ±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
$162 / 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
$175,278
Tax year 2023
Assessed value
$1,748,876
Assessed 2024
Previous assessed
$1,464,685
+19.4% YoY
Effective rate
10.02%
On assessed value
Assessed land
$334,479
Assessed improvement
$1,414,397
Land market value
$1,858,214
Improvement market value
$7,857,762
Total market value
$9,715,976
Applied tax rate
1,050.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2010
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
33,536 SF
Lot
6.55 ac (285,440 SF)
APN
105-11-0700
UPID
US07-0955232
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
RETAIL STORES Current
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2010
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
6.55 ac
Current owner
From public records · entity-resolved
Inland Diversified Tucson Corn
Individual
Mailing address
30 S MERIDIAN ST STE #1100, INDIANAPOLIS, IN 46204-3565
Ownership since
2012
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
Nov 6, 2012
$29,500,000
Inland Diversified Tucson Corn
Bp Wetmore Thackeray Investors
Grant Deed
—
Sep 17, 2010
$11,442,001
Bp Wetmore Thackeray Invtrs Ll
Bp Wetmore Phase III Invtrs Ll
Grant Deed
related
—
Feb 4, 2009
—
Wetmore Phase Ll Bp III
Trust 18076-t
Grant Deed
related
—
Dec 31, 2007
—
Wetmore Phase Ll Bp III
Trust 18076-t
Grant Deed
$8,039,000 · National Bank Arizona
—
—
Traditional Bakery INC
—
Deed Of Trust
related
$1,800,709 · Bank Of America
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.
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