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

    7103 Tanque Verde Rd Tucson, AZ 85715

    • Grocery and convenience stores
    • 38,847 SF
    • 7.14 lot acres
    OFF-MARKET
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0927763
    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

    • Grocery and convenience stores

    Property Details for 7103 Tanque Verde Rd

    Year built
    1985
    Construction
    FRAME
    Lot size
    7.14 lot acres
    Property size
    38,847 SF
    Property type
    Grocery and convenience stores
    APN
    114-60-019C
    APU
    11460019C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $820,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.84
    Latitude
    32.2519
    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
    $122,566
    $308,405
    $858,126
    $1,166,531
    -
    $1,713,362
    $4,767,366
    $6,480,728

    Comparable in this City

    • Value Estimation
      $250,000
      0.11 Acres

      Tucson, AZ 85715

      CONVENIENCE STORE • 0.11 Acres
      Tucson, AZ 85715
      View Details
    • Value Estimation
      $385,000
      2,696 SF

      7601 Tanque Verde Rd

      CONVENIENCE STORE • 2,696 SF
      7601 Tanque Verde Rd, Tucson, AZ 85715-3605
      View Details
    • Value Estimation
      $395,000
      4,422 SF

      6700 Tanque Verde Rd

      CONVENIENCE STORE • 4,422 SF
      6700 Tanque Verde Rd, Tucson, AZ 85715-5303
      View Details
    • Value Estimation
      $1,050,000
      49,447 SF

      6506 Grant Rd

      GROCERY, SUPERMARKET • 49,447 SF
      6506 Grant Rd, Tucson, AZ 85715
      View Details
    • Value Estimation
      $645,000
      4,995 SF

      1925 Kolb Rd

      CONVENIENCE STORE • 4,995 SF
      1925 Kolb Rd, Tucson, AZ 85715-4117
      View Details
    • Value Estimation
      $285,000
      0.13 Acres

      Tucson, AZ 85715

      CONVENIENCE STORE (W/FUEL PUMP) • 0.13 Acres
      Tucson, AZ 85715
      View Details

    Similar Nearby for Sale

    • $481,580
      2,189 SF

      La Playa Caliente Office Condo

      Tucson Office Condo: Own Your Space
      1881 Kolb Rd, Tucson, AZ 85715
      View Details
    • Contact for pricing
      70,006 SF

      El Dorado Square: Tucson Office Complex

      70,006 SF Office/Medical Plaza, 8% Cap Rate
      1200 El Dorado Pl, Tucson, AZ 85715
      View Details
    • $11,845,000
      84,677 SF

      Medical/Professional Office Spaces For Sale

      Medical and professional office spaces near Tucson Medical Center.
      1111-1181 N El Dorado Pl, Tucson, AZ 85715
      View Details
    • $1,088,666
      4,734 SF

      Single Story Office For Sale

      Single-story office building with immediate occupancy in a convenient location.
      7485 E Tanque Verde Rd, Tucson, AZ 85715
      View Details
    • $250,000
      0.50 Acres

      Flat Lot with Mountain Views

      Flat lot with mountain views near River Walk in Tucson.
      7875 E River Forest Pl, Tucson, AZ 85715
      View Details
    • $1,751,400
      10,425 SF

      Tucson Office Building: Prime Location

      10,425 SF Office, Vacant, Turnkey
      2010 Camino Serna, Tucson, AZ 85715
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,584 SF

      Santa Fe Square Executive Offices

      Tucson Office Space For Lease
      7000 Tanque Verde Rd, Tucson, AZ 85715
      View Details
    • $15 SF/Yr
      2,354 SF

      Retail Space with High Traffic

      Retail space for rent with tenant improvement allowance.
      6530 E Tanque Verde Rd, Tucson, AZ 85715
      View Details
    • Contact for pricing
      2,400 SF

      Retail End Cap Space Available

      Former Verizon Wireless end cap available for lease.
      6501 E Grant Rd, Tucson, AZ 85715
      View Details
    • $16 SF/Yr
      1,750 SF

      Tanque Verde Retail Space Available

      Retail space with second-floor apartment for lease or purchase.
      6580 E Tanque Verde Rd, Tucson, AZ 85715
      View Details
    • $16 SF/Yr
      2,135 SF

      Retail Space Near Grant & Wilmot

      Retail space for lease with prominent signage and abundant parking.
      6383 E Grant Rd, Tucson, AZ 85715
      View Details
    • Contact for pricing
      2,000 SF

      Retail/Restaurant Space on Tanque Verde

      Located at a busy intersection, suitable for retail or restaurant.
      7005 E Tanque Verde Rd, Tucson, AZ 85715
      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.
    7103 Tanque Verde Rd
    Tucson, AZ 85715
    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.