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Property profile & analytics
OFF-MARKET
Estimated value
$6,855,000
Warehouses
51 Kipper St Rio Rico, AZ 85648-6236
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1017879
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
40,605 SF
Lot
3.11 ac (135,472 SF)
APN
140-02-003
UPID
US07-1017879
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.86M
Owner & transaction history
Ms51 LLC · 5 yrs held
Ms51 LLC
since 2021
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.3M
+46.2%
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 Rio Rico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rio Rico 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
$7,215,000
ML approach
$7,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,370,000
Current use
COMMERCIAL (GENERAL)
$9,310,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$6.86M
Range $6.17M – $7.54M · ±10% · vs last sale $6.58M (Jul 1 2021)
Last sale anchor
$6.58M
Jul 1 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
$169 / 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
Property tax & assessments
Assessed value
$675,626
Assessed 2023
Previous assessed
$632,118
+6.9% YoY
Assessed land
$48,770
Assessed improvement
$626,856
Land market value
$270,944
Improvement market value
$3,482,534
Total market value
$3,753,478
Applied tax rate
3,502.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
40,605 SF
Lot
3.11 ac (135,472 SF)
APN
140-02-003
UPID
US07-1017879
Jurisdiction
SANTA CRUZ
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
WAREHOUSE, STORAGE Current
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$9.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
2005
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
3.11 ac
Current owner
From public records · entity-resolved
Ms51 LLC
Entity
Mailing address
668 W CAMINO TUNERA, SAHUARITA, AZ 85629-8266
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2021
$6,575,000
Ms51 LLC
51 Kipper Street LLC
Special Warranty Deed
$8,000,000 · Enterprise Bank & Trust
Mar 11, 2020
—
51 Kipper Street LLC
—
Deed
related
$3,000,000 · Wells Fargo Bank NA
Jan 28, 2020
$1,418,014
Dab Developers LLC
Baca Float 3 LLC
Correction Deed
—
Aug 24, 2011
—
47 Kipper Street LLC
—
Deed Of Trust
related
$2,700,000 · J P Morgan Chase Bank
Apr 11, 2003
$271,290
51 Kipper Street LLC
Rio Rico Properties INC
Grant Deed
$217,033 · Rio Rico Properties INC
Apr 11, 2003
—
Rio Rico Properties INC
H/7 Corp
Grant Deed
related
—
—
—
51 Kipper Street LLC
—
Deed Of Trust
related
$2,370,000 · Bank Of Tucson
—
—
51 Kipper Street LLC
—
Deed Of Trust
related
$1,700,000 · Bank Of Tucson
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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