Add Listing
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

    7387 Tanque Verde Rd Tucson, AZ 85715-3475

    • Office properties & Spaces
    • 1,748 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Jul 18, 2022
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0239428
    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

    • Lightcap CPA, LLC / Accounting Firm / Tax Preparation
    • Real Estate Marketing Prof / Real Estate Agency
    • Jay Quiros with Real Estate Marketing Professionals / Real Estate Agency

    Property Details for 7387 Tanque Verde Rd

    Year built
    2006
    Construction
    FRAME
    Lot size
    0.07 lot acres
    Property size
    1,748 SF
    Property type
    Office properties & Spaces
    APN
    114-60-0470
    APU
    114600470

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.835
    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
    $7,739
    $23,647
    $49,413
    $73,060
    -
    $131,371
    $274,514
    $405,885

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Tucson, AZ 85715

      CONDOMINIUM OFFICES • 0.10 Acres
      Tucson, AZ 85715
      View Details
    • Value Estimation by Request
      905 SF

      1670 Kolb Rd

      OFFICE (GENERAL) • 905 SF
      1670 Kolb Rd, Tucson, AZ 85715-4940
      View Details
    • Value Estimation
      $5,620,000
      2,487 SF

      Tucson, AZ 85715

      OFFICE (GENERAL) • 2,487 SF
      Tucson, AZ 85715
      View Details
    • Value Estimation
      $1,325,000
      4,940 SF

      7455 Tanque Verde Rd

      OFFICE (GENERAL) • 4,940 SF
      7455 Tanque Verde Rd, Tucson, AZ 85715-3477
      View Details
    • Value Estimation
      $5,620,000
      2,487 SF

      Tucson, AZ 85715

      OFFICE (GENERAL) • 2,487 SF
      Tucson, AZ 85715
      View Details
    • Value Estimation
      $3,505,000
      5,213 SF

      Tucson, AZ 85715

      OFFICE (GENERAL) • 5,213 SF
      Tucson, AZ 85715
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • Contact for pricing
      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
    • Contact for pricing
      10,425 SF

      Modern Office Building in Tucson

      Turn-key office building in Tucson's medical corridor.
      2010 N Camino Serna, Tucson, AZ 85715
      View Details
    • Contact for pricing
      2,189 SF

      Professional Office Condominium For Sale

      2,189 SF office condominium in La Playa Caliente Offices.
      1881 N Kolb Rd, Tucson, AZ 85715
      View Details
    • Contact for pricing
      7,104 SF

      Office and Medical Plaza

      Office and medical plaza in central Tucson.
      1200 N El Dorado Pl, Tucson, AZ 85715
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Center Retail/Office Spaces

      Mixed-use center with retail and office spaces for lease.
      Nwc Pantano & Wrightstown, Tucson, AZ 85715
      View Details
    • Contact for pricing
      5,343 SF

      Tucson Medical and Professional Office

      Medical and professional office space with convenient access and amenities.
      1161-1181 N El Dorado Pl, Tucson, AZ 85715
      View Details
    • Contact for pricing

      Tucson Office Space For Rent

      Office space for rent with courtyard and excellent parking.
      6418 E Tanque Verde Rd, Tucson, AZ 85715
      View Details
    • Contact for pricing
      5,872 SF

      Medical/Professional Office Space Available

      Medical and professional office space conveniently located near hospitals.
      1111-1141 N El Dorado Pl, Tucson, AZ 85715
      View Details
    • Contact for pricing

      Well-Maintained Office Condo For Sale

      Office condo with efficient layout, kitchenette, and ADA restroom.
      6775 E Camino Principal, Tucson, AZ 85715
      View Details
    • Contact for pricing

      Class A Office Space Available

      Three-story Class A office building with ample parking.
      6400 E Grant 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.
    7387 Tanque Verde Rd
    Tucson, AZ 85715-3475
    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.
    Sign Up Successful!
    You now have access to more from Realmo!