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    5660 W Cortaro Farms Rd Tucson, AZ 85742
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    Property profile & analytics

    5660 W Cortaro Farms Rd Tucson, AZ 85742

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    • Strip malls
    • 10,594 SF
    • 1.99 lot acres
    For Lease
    $1,235,000
    View Listing →
    Restaurant Space with Patio For Lease
    $1,235,000
    3,600 SF

    Restaurant Space with Patio

    Former restaurant space with patio and high visibility.

    5660 W Cortaro Farms Rd, Tucson, AZ 85742
    View Listing
    Property ID
    US07-2448218
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Serial Grillers / Restaurant
    • I Touch Day Spa / Nail Salon

    Property Details for 5660 W Cortaro Farms Rd

    Year built
    2019
    Construction
    FRAME
    Lot size
    1.99 lot acres
    Property size
    10,594 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    221-18-7270
    APU
    221187270

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,800,000
      6.5%
      $1,660,000
      7%
      $1,540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,344,000
      Market price range: $410k - $1.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.086
    Latitude
    32.36
    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
    $101,440
    $109,101
    $691,806
    $800,907
    -
    $606,116
    $3,843,364
    $4,449,480

    Comparable in this City

    • Value Estimation
      $695,000
      11,100 SF

      9260 Thornydale Rd

      SHOPPING CENTER, STRIP CENTER • 11,100 SF
      9260 Thornydale Rd, Tucson, AZ 85742-5025
      View Details
    • Value Estimation
      $645,000
      5,782 SF

      3603 Cortaro Farms Rd

      SHOPPING CENTER, STRIP CENTER • 5,782 SF
      3603 Cortaro Farms Rd, Tucson, AZ 85742-1218
      View Details
    • Value Estimation
      $1,740,000
      5,477 SF

      9665 Thornydale Rd

      SHOPPING CENTER, STRIP CENTER • 5,477 SF
      9665 Thornydale Rd, Tucson, AZ 85742-5041
      View Details
    • Value Estimation
      $9,840,000
      100,315 SF

      6401 Marana Ctr Blvd

      SHOPPING CENTER, STRIP CENTER • 100,315 SF
      6401 Marana Ctr Blvd, Tucson, AZ 85742-8521
      View Details
    • Value Estimation
      $1,915,000
      2,560 SF

      5750 Cortaro Farms Rd

      SHOPPING CENTER, STRIP CENTER • 2,560 SF
      5750 Cortaro Farms Rd, Tucson, AZ 85742-9559
      View Details
    • Value Estimation
      $1,240,000
      13,098 SF

      3710 Overton Rd

      SHOPPING CENTER, STRIP CENTER • 13,098 SF
      3710 Overton Rd, Tucson, AZ 85742
      View Details

    Similar Nearby for Sale

    • $1,700,000

      Retail Strip Center with Drive-Thru

      Fully occupied retail strip center with drive-thru in Tucson.
      9665 N Thornydale Rd, Tucson, AZ 85742
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      Retail Space in Tucson Corridor

      Prime retail space available in high-traffic Tucson location.
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    • Contact for pricing
      2,500 SF

      Retail Property Near Casa Adobes

      Retail space near highway and Casa Adobes Country Club.
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      18,010 SF

      Improved Building Pads For Sale

      Fully improved building pads suitable for office buildings.
      2245 W Magee Rd, Tucson, AZ 85742
      View Details
    • Contact for pricing
      114,000 SF

      9150 N Thornydale Rd, Tucson, AZ 85742

      Commercial land • 114,000 SF
      9150 N Thornydale Rd, Tucson, AZ 85742
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    • Contact for pricing

      Land in Oro Valley

      Land available near Lambert Lane and La Cholla Boulevard.
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    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space with Patio

      Former restaurant space with patio and high visibility.
      5660 W Cortaro Farms Rd, Tucson, AZ 85742
      View Details
    • $19 SF/Yr
      3,790 SF

      Retail Space in Growing Community

      Newly constructed retail space in a rapidly growing Tucson community.
      9260 N Thornydale Rd, Tucson, AZ 85742
      View Details
    • Contact for pricing
      36,564 SF

      Prime Land in High-Income Area

      Infill development opportunity in a high-income Tucson market.
      8505 N Thornydale Rd, Tucson, AZ 85742
      View Details

    Property Visit Statistics

    • Visits by month
      44.2k
    • Visitors by month
      24.1k
    • Avg Time on site
      12 min
    View Listing
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    Tucson, AZ 85742
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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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    5660 W Cortaro Farms Rd, Tucson, AZ, 85742
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