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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Strip malls
5550 12th Ave, Tucson, AZ 85706-3285
Individually Owned
2-yr Hold
Free & Clear
Property ID
US07-0226922
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
FRAME
Total area
14,400 SF
Lot
0.95 ac (41,367 SF)
APN
137-10-5050
UPID
US07-0226922
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
-
La Princesa (Bike/Boat/Book/etc) Store
-
12th Av/Canada Dr Parking Lot & Garage
-
Tufesa Freight Service Logistics Company
-
Tropilandia Restaurant
-
Jenny's Fashion Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.26M
CAP Approach
CAP
$2.58M
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$3.87M
Owner & transaction history
Olin Bradford Hazen · 2 yrs held
Olin Bradford Hazen
since 2023
Last sale
$3.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.5M
+31.9%
Commercial (general)
$4.9M
+17.4%
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
$4,060,000
ML approach
$4,255,000
CAP Approach
CAP Return
Estimation
6%
$2,795,000
6.5%
$2,580,000
7%
$2,400,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,165,000
Current use
INDUSTRIAL (GENERAL)
$5,495,000
Change: +32% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,890,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,920,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $3.70M (Dec 29 2023)
Last sale anchor
$3.70M
Dec 29 2023
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
$269 / 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
$16,998
Tax year 2023
Assessed value
$195,281
Assessed 2024
Previous assessed
$195,281
+0.0% YoY
Effective rate
8.70%
On assessed value
Assessed land
$40,953
Assessed improvement
$154,328
Land market value
$227,518
Improvement market value
$857,378
Total market value
$1,084,896
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
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
14,400 SF
Lot
0.95 ac (41,367 SF)
APN
137-10-5050
UPID
US07-0226922
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Olin Bradford Hazen
Individual
Free & Clear · 2 yrs held
Mailing address
19524 SANDCASTLE LN, HUNTINGTON BEACH, CA 92648-3069
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$3,700,000
Olin Bradford Hazen
Billabong Properties LLC
Special Warranty Deed
—
Mar 1, 2005
$2,450,000
Foothills Busn Ventures LLC
Saia Family
Grant Deed
related
$1,450,000 · Commercial Federal S&l
Jul 13, 1999
—
12th Avenue Partnership LLC
Bay Cities Investments II LP
Grant Deed
related
—
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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