Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    551 Magee Rd Tucson, AZ 85704-6439
    Back to Search
    Property profile & analytics

    551 Magee Rd Tucson, AZ 85704-6439

    View on Map
    • Medical Office Space
    • 10,674 SF
    • 2.31 lot acres
    Off-Market
    Last Sale Dec 20, 2024
    $2,100,000
    Property ID
    US07-0104666
    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.
    Value Estimations
    $2,100,000
    Show details
    Cap Rate Potential
    6.8%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Cynthia Diaz, FNP-C / Physician
    • Lloyd Anderson / Physician / Medical Clinic
    • Cady Jill M / Counselor
    • Dana L. Denney, MA / Counselor
    • Navin Kedia / Physician

    Property Details for 551 Magee Rd

    Year built
    1995
    Construction
    FRAME
    Lot size
    2.31 lot acres
    Property size
    10,674 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    225-50-0040
    APU
    225500040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,100,000
      ML approach
      $2,100,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,370,000
      6.5%
      $2,185,000
      7%
      $2,030,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,938,000
      Market price range: $1.20M - $2.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.978
    Latitude
    32.351
    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
    $31,086
    $126,771
    $198,893
    $325,664
    -
    $704,284
    $1,104,959
    $1,809,243

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Tucson, AZ 85704

      DENTAL BUILDING • 0.10 Acres
      Tucson, AZ 85704
      View Details
    • Value Estimation
      $560,000
      3,267 SF

      Tucson, AZ 85704

      MEDICAL CLINIC • 3,267 SF
      Tucson, AZ 85704
      View Details
    • Value Estimation
      $505,000
      3,334 SF

      Tucson, AZ 85704

      MEDICAL CLINIC • 3,334 SF
      Tucson, AZ 85704
      View Details
    • Value Estimation by Request
      228 SF

      Tucson, AZ 85704

      DENTAL BUILDING • 228 SF
      Tucson, AZ 85704
      View Details
    • Value Estimation by Request
      2,805 SF

      Tucson, AZ 85704

      DENTAL BUILDING • 2,805 SF
      Tucson, AZ 85704
      View Details
    • Value Estimation by Request
      239 SF

      1980 Hospital Dr

      MEDICAL CLINIC • 239 SF
      1980 Hospital Dr, Tucson, AZ 85704-7802
      View Details

    Similar Nearby for Sale

    • $2,226,750
      8,906 SF

      Medical Office Building For Sale

      Three-story medical office building on Northwest Medical Center Campus.
      2020 W Rudasill Rd, Tucson, AZ 85704
      View Details
    • $1,800,000
      2,520 SF

      Veterinary Clinic For Sale

      2,520 SF veterinary clinic available for purchase.
      333 W Cool Dr, Tucson, AZ 85704
      View Details
    • $2,226,750

      Medical Office Building For Sale

      Medical office building located in Northwest Medical Center Campus.
      2020 W Rudasill Rd, Tucson, AZ 85704
      View Details
    • Contact for pricing
      3,106 SF

      Retail/Medical Space on Oracle Road

      Retail or medical space with frontage on Oracle Road.
      6615 N Oracle Rd, Tucson, AZ 85704
      View Details
    • $1,133,080
      4,358 SF

      Medical Office Condominium For Sale

      Well-laid out medical office condominium with multiple rooms.
      1668 W Ina Rd, Tucson, AZ 85704
      View Details
    • $930,020
      3,577 SF

      Medical Offices For Sale/Lease

      Professional medical offices available for sale or lease.
      1670 W Ina Rd, Tucson, AZ 85704
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,450 SF

      Functional Office Space Available

      Efficient layout with desert views on Oracle Road.
      5601 North Oracle Rd, Tucson, AZ 85704
      View Details
    • $20 SF/Yr
      2,952 SF

      Medical Space Near Women’s Hospital

      Medical space available adjacent to Northwest Medical Center Women’s Hospital.
      6060 North Fountain Plaza Dr, Tucson, AZ 85704
      View Details
    • Contact for pricing

      Medical Office Space Available

      Turn-key medical space ready for immediate occupancy.
      1925 W Orange Grove Rd, Tucson, AZ 85704
      View Details
    • $24 SF/Yr
      7,200 SF

      Tucson Office Space For Rent

      Office space for rent with strong tenant mix and parking.
      2001 West Orange Grove Rd, Tucson, AZ 85704
      View Details
    • Contact for pricing

      Catalina Foothills Office Space

      Office suites available in a convenient location with covered parking.
      555 E River Rd, Tucson, AZ 85704
      View Details
    • Contact for pricing

      Multi-Tenant Office/Medical Building For Rent

      Two-story office/medical building in high-traffic Tucson corridor.
      7493 N Oracle Rd, Tucson, AZ 85704
      View Details

    Property Visit Statistics

    • Visits by month
      77.0k
    • Visitors by month
      38.0k
    • Avg Time on site
      21 min
    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.
    551 Magee Rd
    Tucson, AZ 85704-6439
    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

    Thank You for Inquiry
    551 Magee Rd, Tucson, AZ, 85704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!