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    Property profile & analytics

    44 Melwood Ave Tucson, AZ 85745-2951

    • Medical Office Space
    • 54,427 SF
    • 6.54 lot acres
    OFF-MARKET
    Value Estimations
    $10,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2377659
    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

    • Medical Office Space

    Property Details for 44 Melwood Ave

    Year built
    2013
    Construction
    FRAME
    Lot size
    6.54 lot acres
    Property size
    54,427 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    116-21-302C
    APU
    11621302C

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,085,000
      6.5%
      $11,155,000
      7%
      $10,355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,573,000
      Market price range: $2.74M - $8.57M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $12,150,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $15,750,000
      Change: +30% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $14,815,000
      Change: +22% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $11,220,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.986
    Latitude
    32.2211
    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
    $0.00
    $230,844
    $2,647,560
    $2,878,404
    -
    $1,282,464
    $14,708,668
    $15,991,132

    Comparable in this City

    • Value Estimation
      $760,000
      4,254 SF

      1000 Silverbell Rd

      DENTAL BUILDING • 4,254 SF
      1000 Silverbell Rd, Tucson, AZ 85745-2234
      View Details
    • Value Estimation
      $545,000
      3,329 SF

      1714 Anklam Rd

      MEDICAL CLINIC • 3,329 SF
      1714 Anklam Rd, Tucson, AZ 85745-2689
      View Details
    • Value Estimation by Request
      2,539 SF

      1300 Saint Marys Rd

      DENTAL BUILDING • 2,539 SF
      1300 Saint Marys Rd, Tucson, AZ 85745-3114
      View Details
    • Value Estimation
      $1,030,000
      7,668 SF

      1777 Saint Marys Rd

      DENTAL BUILDING • 7,668 SF
      1777 Saint Marys Rd, Tucson, AZ 85745-2687
      View Details
    • Value Estimation by Request
      1.33 Acres

      Tucson, AZ 85745

      DENTAL BUILDING • 1.33 Acres
      Tucson, AZ 85745
      View Details
    • Value Estimation by Request
      1.64 Acres

      415 Centennial Dr

      MEDICAL CLINIC • 1.64 Acres
      415 Centennial Dr, Tucson, AZ 85745
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,084 SF

      Tucson Medical Clinic For Sale

      Single-tenant medical clinic on Carondelet St. Mary's Hospital campus.
      1780 W Anklam Rd, Tucson, AZ 85745
      View Details
    • Contact for pricing
      1,276 SF

      Office Space For Sale

      Office property available for purchase.
      1702 W Anklam Rd, Tucson, AZ 85745
      View Details
    • $249,000
      3.72 Acres

      Lush Desert Acres in Tucson

      Almost 4 acres of lush desert land with utilities.
      865 N Camino De Oeste, Tucson, AZ 85745
      View Details
    • $95,000
      0.73 Acres

      Vacant Lot Near Downtown Tucson

      Vacant lot near downtown, University of Arizona, and I-10.
      1833 W Speedway Blvd, Tucson, AZ 85745
      View Details
    • Contact for pricing

      Commercially Zoned Pad on Silverbell

      Commercially zoned land with full access on Silverbell Road.
      1008 N Silverbell Rd, Tucson, AZ 85745
      View Details
    • $139,000
      3.35 Acres

      Tucson Land with City Views

      Gated land with city and mountain views in Tucson.
      4790 N El Adobe Ranch Rd, Tucson, AZ 85745
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Near Hospital

      Medical office space for rent, adjacent to St. Mary’s Hospital.
      1777 W St Marys Rd, Tucson, AZ 85745
      View Details
    • Contact for pricing

      Medical Office Space Near Hospital

      Medical office space available adjacent to St. Mary’s Hospital.
      1779 W St Marys Rd, Tucson, AZ 85745
      View Details
    • Contact for pricing
      5,387 SF

      Medical Office Space for Lease

      Medical office building on St. Mary Hospital campus for lease.
      395 N Silverbell Rd, Tucson, AZ 85745
      View Details
    • $24 SF/Yr
      1,276 SF

      Medical Office Near St. Mary's

      Efficient medical office space located on hospital campus for rent.
      1702 West Anklam Rd, Tucson, AZ 85745
      View Details
    • Contact for pricing
      17,715 SF

      Tucson Behavioral Health Ready

      Recently renovated behavioral health facility with 41 units for rent.
      1000 Freeway South, Tucson, AZ 85745
      View Details
    • $28 SF/Yr
      22,736 SF

      Office Space with I-10 Visibility

      Centrally located office building with high visibility available for rent.
      201 North Bonita Ave, Tucson, AZ 85745
      View Details
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    44 Melwood Ave
    Tucson, AZ 85745-2951
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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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