Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    507 29th St Tucson, AZ 85713-3354

    • Retail properties
    • 4,514 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1161365
    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

    • Saint Kateri Tekakwitha Parish / Catholic Church / Church

    Property Details for 507 29th St

    Year built
    2003
    Construction
    FRAME
    Lot size
    1.21 lot acres
    Property size
    4,514 SF
    Property type
    Retail properties
    APN
    118-23-001D
    APU
    11823001D

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $940,000
      Market price range: $257k - $940k

    • Alternative Use

      Use
      Estimation
      FARM SUPPLY & EQUIPMENT (COMMERCIAL)
      $865,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,305,000
      Change: +51% Conversion: Difficult
      MEDICAL BUILDING
      $1,010,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.977
    Latitude
    32.199
    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
    $15,750
    $141,999
    $157,749
    -
    $104,998
    $946,659
    $1,051,657

    Comparable in this City

    • Value Estimation by Request
      15.95 Acres

      Kino Pkwy & Park Ave

      Land • 15.95 Acres
      0 Kino Pkwy & Park Ave, Tucson, AZ 85713
      View Details
    • Value Estimation by Request
      0.51 Acres

      1455 10th Ave

      NURSERY, GREENHOUSE, FLORIST • 0.51 Acres
      1455 10th Ave, Tucson, AZ 85713
      View Details
    • Value Estimation by Request
      0.23 Acres

      3602 12th Ave

      NURSERY, GREENHOUSE, FLORIST • 0.23 Acres
      3602 12th Ave, Tucson, AZ 85713-6058
      View Details
    • Value Estimation by Request
      0.17 Acres

      3167 48th St

      NURSERY, GREENHOUSE, FLORIST • 0.17 Acres
      3167 48th St, Tucson, AZ 85713-5221
      View Details
    • Value Estimation by Request
      0.31 Acres

      3826 Golf Links Rd

      NURSERY, GREENHOUSE, FLORIST • 0.31 Acres
      3826 Golf Links Rd, Tucson, AZ 85713-5340
      View Details
    • Value Estimation by Request
      0.17 Acres

      Tucson, AZ 85713

      NURSERY, GREENHOUSE, FLORIST • 0.17 Acres
      Tucson, AZ 85713
      View Details

    Similar Nearby for Sale

    • $375,000
      1,343 SF

      Prime Tucson Retail Space

      1,343 SF Retail, Owner/User Opportunity
      2010 Park Ave, Tucson, AZ 85713
      View Details
    • $467,000
      3,736 SF

      South Tucson Retail Building

      Freestanding retail, high visibility
      2238 6Th Ave, Tucson, AZ 85713
      View Details
    • $314,000
      1,349 SF

      Tucson Commercial Property on Major Thoroughfare

      Versatile commercial property in prime location with high visibility and access.
      3425 South 12Th Ave, Tucson, AZ 85713
      View Details
    • $550,000
      3,287 SF

      Restaurant Property at Signalized Intersection

      Restaurant property near I-10 in South Tucson for sale.
      2602-2618 S 6Th Ave, Tucson, AZ 85713
      View Details
    • $1,200,000
      507 SF

      Restaurant Pad For Sale

      Restaurant pad for sale or build to suit opportunity.
      1202 W Ajo Way, Tucson, AZ 85713
      View Details
    • New
      $285,000
      1,463 SF

      Tucson Commercial Building For Sale

      Commercial building with B2 zoning in a high-growth residential area.
      3061 S Kinney Rd, Tucson, AZ 85713
      View Details

    Similar Nearby for Lease

    • $1.05 SF/Yr
      2,500 SF

      Versatile Space Near Interstate 10

      Functional industrial, retail, and office space with excellent access.
      3601 E 44Th St, Tucson, AZ 85713
      View Details
    • Contact for pricing
      1 SF

      Tucson Retail Space - Ajo & Park

      Prime Retail Parcel: Ground Lease or Build-to-Suit
      0 Ajo Way & Park Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing
      7,578 SF

      Tucson Retail Space: Kino Parkway

      High-traffic retail space, 7,578 sq ft.
      1495 Kino Pkwy, Tucson, AZ 85713
      View Details
    • Contact for pricing
      686,023 SF

      Tucson Marketplace Retail Pads

      Prime Tucson retail pads, 8 available.
      0 Kino Pkwy & Park Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing
      697,187 SF

      Tucson Marketplace Retail Center

      High-traffic retail space, diverse uses.
      0 Kino Pkwy & Park Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing
      100,000 SF

      Southgate Shopping Center: Prime Retail Space

      High-traffic shopping center; spaces available.
      3300-3398 6Th Ave, Tucson, AZ 85713
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    507 29th St
    Tucson, AZ 85713-3354
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.