610 S Park Ave Tucson, AZ 85719
Property profile & analytics
610 S Park Ave, Tucson, AZ 85719
- Manufacturing properties
- 21,094 SF
- 0.68 lot acres
Property ID
US07-3302738
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.
Location Intelligence
Current Use by Public Records
- Dog Days Tucson Video Productions / Film Production / Television Studio
- Gold Financial Services - The Mortgage Mentor Group / Loan Service / Bank
- Sonder Agency / Marketing & Advertising / (Bike/Boat/Book/etc) Store
- Tyler Reinforcing LLC - Tucson Office / Construction Company
- Rail Yard / Real Estate Agency
Property Details for 610 S Park Ave
- Year built
- 1954
- Construction
- FRAME
- Lot size
- 0.68 lot acres
- Property type
- Manufacturing properties
- APN
- 124-15-004A
- APU
- 12415004A
Description
This exceptional 21,094-square-foot mixed-use property, located at 610 S Park Ave, Tucson, AZ 85719, presents a compelling investment opportunity. Originally constructed in 1954 and undergoing ongoing renovations, this repurposed warehouse boasts a unique blend of creative office spaces, manufacturing facilities, and an event center. Currently housing 22 tenants with 100% occupancy, the property generates a substantial income stream. The building features 30-foot ceilings, two dock-high doors, and 14 parking spaces. Situated on a 29,717-square-foot lot, it is zoned I-1 by the City of Tucson. The asking price is $3,400,000, with a pro-forma cap rate of 6.73% and a pro-forma NOI of $228,798. All furniture, fixtures, and equipment are included in the sale. The property benefits from its location in Tucson's thriving downtown arts district, close to restaurants, offices, and hotels. Rent bumps are in place, offering potential for future income growth. This one-of-a-kind property offers a diverse income stream, a proven track record, and significant upside potential. The current configuration includes a high-end furniture manufacturing operation, co-working executive office suites, and a versatile event center. Seller financing and potential 1031 exchanges may be considered. This is a rare opportunity to acquire a fully operational, income-producing property with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,550,000
- 6.5%
- $2,350,000
- 7%
- $2,185,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,076,000
- AI Estimate
- $1,661,000
Market price range: $1.76M - $4.22MMarket price range: $1.26M - $3.88M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $3,150,000 Current use
- RETAIL STORES
- $2,760,000 Change: -12% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.957
- Latitude
- 32.2144
- 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
$15,283
$11,144
$137,284
$148,428
-
$74,292
$915,227
$989,519
