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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Manufacturing properties
4650 Butterfield Dr, Tucson, AZ 85714-3439
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1237982
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Construction
FRAME
Total area
14,986 SF
Lot
1.6 ac (69,670 SF)
APN
132-20-015B
UPID
US07-1237982
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
Current use
Occupant on record · Public records
-
Boeckeler Instruments, Inc. Industrial Manufacturer Production Facility
-
Williams AV, LLC (formerly Pointmaker, LLC) (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.43M
Owner & transaction history
Cre Higley Park LLC · 5 yrs held
Cre Higley Park LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+13.3%
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
$1,330,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$1,810,000
6.5%
$1,670,000
7%
$1,550,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,750,000
Current use
RETAIL STORES
$1,980,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.25M (Jan 22 2021)
Last sale anchor
$1.25M
Jan 22 2021
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
$95 / 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
$22,445
Tax year 2023
Assessed value
$196,534
Assessed 2024
Previous assessed
$169,514
+15.9% YoY
Effective rate
11.42%
On assessed value
Assessed land
$23,514
Assessed improvement
$173,020
Land market value
$156,758
Improvement market value
$1,153,467
Total market value
$1,310,225
Applied tax rate
100.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
14,986 SF
Lot
1.6 ac (69,670 SF)
APN
132-20-015B
UPID
US07-1237982
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
RETAIL STORES
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1997
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Cre Higley Park LLC
Entity
Mailing address
2311 HARRIMAN LNB, REDONDO BEACH, CA 90278-4425
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
$1,250,000
Cre Higley Park LLC
Brey Holdings
Special Warranty Deed
$875,000 · Desert Financial Cu
Jun 25, 2015
—
Brey Holdings LLC
Brey Holdings LLC
Quit Claim Deed
related
$715,000 · Bank Of The West
Jul 27, 2012
—
Bal-tec Rmc LLC
Boeckeler Instruments INC
Grant Deed
$696,000 · Compass Bank
Jan 24, 1997
$125,406
Boeckeler Instruments INC
Butterfield Tucson LP
Grant Deed
$94,000 · Arizona Bank
—
—
Giulkio Cortinovis
—
Deed Of Trust
related
$100,000 · Bank Of Tucson
—
—
Boeckeler Instruments INC
—
Deed Of Trust
related
$600,000 · Arizona Bank
—
—
Boeckeler Instruments INC
—
Deed Of Trust
related
$150,000 · Business Development Finance
—
—
Boeckeler Instruments INC
—
Deed Of Trust
related
$619,200 · Business Development Finance
—
—
Boeckeler Instruments INC
—
Deed Of Trust
related
$696,000 · Compass Bank
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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