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

    5940 La Cholla Blvd Tucson, AZ 85741-3535

    • Medical offices
    • 1,654 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    7.1%
    Medical offices
    Location Intelligence
    Property ID
    US07-1196683
    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

    • Grace Maternity/womens Health / Obstetrician-Gynecologist
    • Robin L. Giles, NP / Doctor
    • About Faces Cosmetic Surgery and Med Spa / Medical Spa / Plastic Surgeon
    • Mikel Lo / Ophthalmologist
    • Dr. Mikel Lo / Plastic Surgeon / Doctor

    Property Details for 5940 La Cholla Blvd

    Year built
    2003
    Construction
    FRAME
    Lot size
    0.04 lot acres
    Property size
    1,654 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    102-13-0260
    APU
    102130260

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $340,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $366,000
      Market price range: $244k - $637k
      AI Estimate
      $236,000
      Market price range: $186k - $325k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $370,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $480,000
      Change: +30% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $450,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.011
    Latitude
    32.3145
    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
    $6,619
    $16,150
    $35,192
    $51,342
    -
    $89,721
    $195,511
    $285,232

    Comparable in this City

    • Value Estimation
      $415,000
      3,387 SF

      7436 La Cholla Blvd

      MEDICAL CLINIC • 3,387 SF
      7436 La Cholla Blvd, Tucson, AZ 85741-2306
      View Details
    • Value Estimation
      $455,000
      2,352 SF

      5840 La Cholla Blvd

      MEDICAL CLINIC • 2,352 SF
      5840 La Cholla Blvd, Tucson, AZ 85741-3537
      View Details
    • Value Estimation
      $430,000
      2,216 SF

      Tucson, AZ 85741

      MEDICAL CLINIC • 2,216 SF
      Tucson, AZ 85741
      View Details
    • Value Estimation
      $405,000
      3,115 SF

      Tucson, AZ 85741

      MEDICAL CLINIC • 3,115 SF
      Tucson, AZ 85741
      View Details
    • Value Estimation
      $395,000
      2,046 SF

      7476 La Cholla Blvd

      MEDICAL CLINIC • 2,046 SF
      7476 La Cholla Blvd, Tucson, AZ 85741-2306
      View Details
    • Value Estimation
      $320,000
      2,047 SF

      7574 La Cholla Blvd

      MEDICAL CLINIC • 2,047 SF
      7574 La Cholla Blvd, Tucson, AZ 85741-2307
      View Details

    Similar Nearby for Sale

    • $28,000,000
      10.09 Acres

      BridgeWater Assisted Living - Tucson

      Luxury Senior Living Facility, 123 Beds
      6505 La Cholla Blvd, Tucson, AZ 85741
      View Details
    • $3,675,000
      17,019 SF

      Tucson Executive Office Building

      Class A Office, 17,019 SF, High Visibility
      5330 La Cholla Blvd, Tucson, AZ 85741
      View Details
    • $607,200
      2,760 SF

      Move-in Ready Office Space

      Office space with frontage on La Cholla Blvd, Tucson, AZ.
      7632 N La Cholla Blvd, Tucson, AZ 85741
      View Details
    • $4,260,000

      Freeway Pylon Land for Sale

      Land with freeway pylon, built in 2023, available for sale.
      5659 W Cortaro Farms Rd, Tucson, AZ 85741
      View Details
    • $2,746,894
      21.02 Acres

      I-10 Commercial Land - Tucson, AZ

      ±21 Acres, $2.7M, I-10 Frontage
      4990 Massingale Rd, Tucson, AZ 85741
      View Details
    • $1,750,000
      108.00 Acres

      Avra Valley Ranch Land

      108 Acres, Prime Location, Investment Opportunity
      0 Sunset Rd, Tucson, AZ 85741
      View Details

    Similar Nearby for Lease

    • $771,930
      2,859 SF

      Furnished Medical Office Space

      Ground floor medical office with procedure rooms and natural light.
      5920 N La Cholla Blvd, Tucson, AZ 85741
      View Details
    • $26 SF/Yr
      2,312 SF

      Office Space in Ina Corporate

      Office space for lease in Tucson's Northwest Submarket.
      3017 W Ina Rd, Tucson, AZ 85741
      View Details
    • $22 SF/Yr
      475 SF

      Office Space on Thornydale Road

      Office space for rent with building signage and easy access.
      7229 N Thornydale Rd, Tucson, AZ 85741
      View Details
    • Contact for pricing
      32,901 SF

      Foothills Office Plaza: Tucson Office Space

      Prime Tucson office space, 5,724 sq ft available.
      2120 Ina Rd, Tucson, AZ 85741
      View Details
    • $18 SF/Yr
      27,800 SF

      Northwest Tucson Office Space Available

      High-image office building with easy access to I-10.
      5320 North La Cholla Blvd, Tucson, AZ 85741
      View Details
    • $15 SF/Yr
      27,728 SF

      Old Pueblo Plaza Retail Center

      Tucson Retail Space: Two Units Available
      4140 Ina Rd, Tucson, AZ 85741
      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.
    5940 La Cholla Blvd
    Tucson, AZ 85741-3535
    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.