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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Strip malls
7401 22nd St Tucson, AZ 85710-6428
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-0928497
Property summary
AI-generated overview
Plaza 22 presents a prime retail leasing opportunity in East Tucson. This established neighborhood center comprises three single-story buildings totaling 26,536 square feet situated on a 3.56-acre lot. Currently, 10,710 square feet of retail space is available for lease, with minimum divisible units of 1,200 square feet and a maximum contiguous space of 6,830 square feet. The property is zoned C-1 and benefits from a high-traffic location within a densely populated trade area. Its prominent position on 22nd Street, a major east-west arterial, ensures excellent visibility from a signalized intersection. Ample parking is readily available, providing convenient access for customers and employees. The strong daytime employment base in the immediate vicinity further enhances the property's appeal to prospective tenants. This makes Plaza 22 an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area. The property's multiple building configuration offers flexibility for various retail concepts and sizes.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
FRAME
Total area
24,000 SF
Lot
3.56 ac (154,956 SF)
APN
134-16-1990
UPID
US07-0928497
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Zona Smoke Shop 24/7 (Bike/Boat/Book/etc) Store
-
Tiny Treasures Consignment Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.15M
Owner & transaction history
Plaza 22 Baceline LLC · 4 yrs held
Plaza 22 Baceline LLC
since 2021
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tucson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tucson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,130,000
ML approach
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.06M (Aug 31 2021)
Last sale anchor
$1.06M
Aug 31 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$44,391
Tax year 2023
Assessed value
$431,888
Assessed 2024
Previous assessed
$431,888
+0.0% YoY
Effective rate
10.28%
On assessed value
Assessed land
$153,406
Assessed improvement
$278,482
Land market value
$852,258
Improvement market value
$1,547,122
Total market value
$2,399,380
Applied tax rate
150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
24,000 SF
Lot
3.56 ac (154,956 SF)
APN
134-16-1990
UPID
US07-0928497
Jurisdiction
PIMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
3.56 ac
Current owner
From public records · entity-resolved
Plaza 22 Baceline LLC
Entity
Free & Clear · 4 yrs held
Mailing address
511 N BROADWAY, DENVER, CO 80203-3405
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
$2,089,284
Plaza 22 Baceline LLC
Charles E Damart
Special Warranty Deed
—
Aug 31, 2021
$1,060,715
Plaza 22 Baceline LLC
Donald K Skinner
Special Warranty Deed
—
May 3, 2021
—
Donald K Skinner Revocable Trust
Plaza 22 LLC
Special Warranty Deed
—
Jun 1, 2000
$1,925,000
22 LLP Plaza
Plaza 22 Associates LLP
Grant Deed
related
—
May 27, 1992
—
Williamsburgh Savings Bank
Manhattan Sav Ba
Trustees Deed
related
—
May 27, 1992
$750,000
Plaza 22 Assoc
Tower Plaza 22 C
Trustees Deed
related
$562,500
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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