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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Strip malls
4940 Park Ave, Tucson, AZ 85706-1433
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-0688405
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1967
Construction
FRAME
Total area
12,181 SF
Lot
8.27 ac (360,227 SF)
APN
140-20-001A
UPID
US07-0688405
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
-
Getsu-ko Mexican Sushi Restaurant
-
Liquor Express (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Airizona Fireworks Big Box & Wholesale Store Party Supply Store
-
Elotes Sonora Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.97M
Owner & transaction history
Park & Irvington Holding Co LLC · 1 yrs held
Park & Irvington Holding Co LLC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,365,000
6.5%
$2,185,000
7%
$2,030,000
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$161 / 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
$21,364
Tax year 2023
Assessed value
$210,580
Assessed 2024
Previous assessed
$210,580
+0.0% YoY
Effective rate
10.15%
On assessed value
Assessed land
$162,102
Assessed improvement
$48,478
Land market value
$900,568
Improvement market value
$269,320
Total market value
$1,169,888
Applied tax rate
1,250.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
12,181 SF
Lot
8.27 ac (360,227 SF)
APN
140-20-001A
UPID
US07-0688405
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
Building & site characteristics
From public records
Year built
1967
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.27 ac
Current owner
From public records · entity-resolved
Park & Irvington Holding Co LLC
Entity
Free & Clear · 1 yrs held
Mailing address
9945 E COVINGTON ST, TUCSON, AZ 85748-6791
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
—
Park & Irvington Holding Co LLC
Park & Irvington Holding Co LLC
Deed
related
—
Jul 6, 2017
—
Park & Irvington Holding Co Ll
—
Deed
related
$1,580,000 · Primero Diez INC
Nov 17, 2010
$1,630,000
Park & Irvington Holding Co Ll
Primero Diez INC
Grant Deed
related
$1,580,000 · Primero Diez INC
—
—
Park & Irvington Holding Co Ll
—
Loan Modification
related
$1,580,000 · Primero Diez INC
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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