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    Property profile & analytics

    502 Silverbell Rd Tucson, AZ 85745

    • Commercial real estate
    • 11,239 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0199434
    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 502 Silverbell Rd

    Lot size
    1.04 lot acres
    Property size
    11,239 SF
    Property type
    Commercial real estate
    APN
    116-15-081

    Description

    This exceptional 11,239-square-foot, Class B commercial property in Tucson, Arizona, is offered at $1,700,000, representing a compelling 9.99% cap rate with a $169,800 net operating income (NOI). The property, situated on a 1.04-acre lot (APN 116-15-081), is zoned O-3 and features 30 units, priced at $53,125 per unit. Currently operating as transitional housing, the property enjoys a five-year triple-net (NNN) lease with a five-year renewal option, generating a monthly income of $14,150. The single-story building boasts a secured, landscaped campus adjacent to St. Mary's Hospital and St. Mary's Plaza shopping center, offering convenient access to medical resources and amenities. The property includes a commercial kitchen and fire sprinkler system. Its design incorporates separate residential and office areas, along with an outdoor play area, making it suitable for various healthcare or residential uses. The sale includes a leaseback agreement. This is a fee-simple ownership opportunity with significant potential for long-term income and appreciation.

    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
    -110.9980118
    Latitude
    32.2270829

    Comparable in this City

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      Vacant Lot Near Downtown Tucson

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      Tucson Land Parcel For Sale

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    Similar Nearby for Sale

    • $10,500,000

      Land with Tucson Views

      Land suitable for multifamily or build-to-rent development.
      1455 N Silverbell Rd, Tucson, AZ 85745
      View Details
    • $699,000
      10.31 Acres

      Tucson Land Parcel with Utilities

      10.31-acre parcel with utilities, development potential, and desert views.
      W Rhyolite Loop, Tucson, AZ 85745
      View Details
    • New
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      1,824 SF

      Tucson Duplex with Curb Appeal

      West Tucson duplex near shopping, featuring recent upgrades.
      525 N Cherokee Ave, Tucson, AZ 85745
      View Details
    • New
      $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
    • $6,900,000
      91,308 SF

      Grand Luxe Hotel & Resort, Tucson

      Tucson Hotel: 148 Rooms, 6 Acres
      1365 West Grant Road, Tucson, AZ 85745
      View Details
    • Contact for pricing

      Tucson Land Parcel For Sale

      18.93 acres near hospitals and downtown Tucson.
      1820 W Saint Marys Rd, Tucson, AZ 85745
      View Details

    Similar Nearby for Lease

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      Grant Stone Center Office Space

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      Retail Space in Tucson Center

      Albertson's anchored shopping center with diverse retailers, high occupancy.
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      Tucson Medical Office Building

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      Silverbell Plaza Retail Space For Lease

      Tucson Retail Space: 3 Units Available
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    • $28 SF/Yr
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      Medical Office Space for Lease

      Medical office building on St. Mary Hospital campus for lease.
      395 N Silverbell Rd, Tucson, AZ 85745
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    • $20 SF/Yr
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      Office Space Near Hospital

      Office space for rent near hospital with covered parking.
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    502 Silverbell Rd
    Tucson, AZ 85745
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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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