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    721 12th St Tucson, AZ 85719-5740
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    Property profile & analytics

    721 12th St, Tucson, AZ 85719-5740

    View on Map
    • Auto shops
    • 15,662 SF
    • 0.41 lot acres
    Off-Market
    Last Sale Dec 31, 2025
    $2,725,000
    Property ID
    US07-1175756
    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
    $2,810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Caliber Collision / Auto Repair Shop
    • Caliber Auto Glass / Auto Repair Shop

    Property Details for 721 12th St

    Year built
    1946
    Construction
    CONCRETE
    Lot size
    0.41 lot acres
    Property type
    Auto shops
    APN
    124-07-185A
    APU
    12407185A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 31, 2025 $2,725,000 140 S Euclid Partners LLC Logan Apartments LLC Special Warranty Deed —
    Jan 5, 2022 $2,815,857 Logan Apartments LLC Oneill & Quinn Real Property LLC Special Warranty Deed $2M · Canvas Cu
    Aug 13, 2008 $675,000 Collision Ctrs Real Prop L 911 Sakin Lawrence Grant Deed · related $360k · Wells Fargo Bank
    Jun 24, 2008 — Record Owner Owner,record Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,960,000
      ML approach
      $2,935,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,696,000
      Market price range: $1.90M - $7.04M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,265,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,530,000
      Change: +6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,305,000
      Change: +1% Conversion: Moderate
      MEDICAL BUILDING
      $3,495,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.96
    Latitude
    32.2203
    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
    $11,903
    $12,956
    $143,084
    $156,040
    -
    $71,980
    $794,912
    $866,892

    Comparable in this City

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      315 Plumer Ave

      AUTO REPAIR, GARAGE
      315 Plumer Ave, Tucson, AZ 85719
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      11,363 SF

      1055 18th St

      AUTO REPAIR, GARAGE
      1055 18th St, Tucson, AZ 85719-6702
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    • Value Estimation
      $720,000
      4,544 SF

      2423 Grant Rd

      AUTO REPAIR, GARAGE
      2423 Grant Rd, Tucson, AZ 85719-3418
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    • Value Estimation by Request
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      2701 Campbell Ave

      AUTO REPAIR, GARAGE
      2701 Campbell Ave, Tucson, AZ 85719-3108
      View Details
    • Value Estimation
      $795,000
      4,432 SF

      3225 Campbell Ave

      AUTO REPAIR, GARAGE
      3225 Campbell Ave, Tucson, AZ 85719-2304
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,682 SF

      Auto Repair Shop For Sale

      Existing auto repair shop with multiple revenue stream opportunities.
      2844 N 1St Ave, Tucson, AZ 85719
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    • New
      Contact for pricing

      Former Car Wash Site with C-3 Zoning

      Hard-corner, 0.27-acre car wash site in Tucson zoned C-3 for flexible automotive or retail uses.
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      4,620 SF

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      Flex service car wash property for sale in Tucson.
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    • $600,000
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      Campbell Avenue Commercial Opportunity

      Prime Tucson commercial property in high-demand Campbell corridor.
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      Former Cold Storage Facility

      Commercial kitchen, retail, and restaurant property for sale.
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      8,637 SF

      Industrial Building with Gated Access

      8,637 SF industrial building featuring office, showroom, and warehouse space.
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    Similar Nearby for Lease

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      500 SF

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      Freestanding buildings for retail or office use with parking.
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      Retail Space Near University of Arizona

      Retail space available near the University of Arizona campus.
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      Retail Space Near University Campus

      Retail space available in luxury student housing development near campus.
      900-930 E 2Nd St, Tucson, AZ 85719
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      2,400 SF

      Retail Space in Campbell Corridor

      Retail space available in high-traffic Campbell Avenue corridor.
      2816-2956 N Campbell Ave, Tucson, AZ 85719
      View Details
    • Contact for pricing
      3,125 SF

      Retail Space on Broadway Boulevard

      High-profile corner retail space available for lease.
      750 E Broadway Blvd, Tucson, AZ 85719
      View Details
    • Contact for pricing
      6,162 SF

      Retail Space Available For Lease

      Retail property available for lease in Tucson, Arizona.
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      View Details
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    Tucson, AZ 85719-5740
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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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