Entity Owned 
For Lease
$23 SF/Yr
800 East Wetmore Rd, Tucson, AZ 85719
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Property summary
AI-generated overview
The property is a two-story professional office building providing approximately 18,609 square feet of office space, located at the base of the Foothills, just east of 1st Avenue and near the Rillito Loop path. The building includes prominent building and monument signage, outdoor patio areas, and a co-working area, with elevator access to all floors. Parking totals 184 spaces, including 94 covered spaces, and the property features an electronically gated fence for after-hours security as well as a locked bicycle yard. The building is maintained with recent upgrades and includes building signage and access to covered parking. The second floor supports a coworking configuration with fully equipped meeting rooms for tenant use, and the site is positioned near restaurant and retail amenities, including Tucson Mall.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
1990
Construction
FRAME
Total area
19,030 SF
Lot
2.72 ac (118,471 SF)
APN
105-10-088Q
UPID
US07-0190850
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor Insurance Agency
-
Engineering Consultant Environmental Consultant
-
Title Company
-
Title Company
-
Social Service Agency Charitable Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.19M
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$3.86M
Owner & transaction history
since 2025
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Neighborhood: shopping center
$5.5M
+5.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.86M
Value range
$3.47M – $4.25M
±10% around blend
Estimated value / SF
$203 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$3.47M
blend $3.86M
$4.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,030 SF
Lot area
2.72 ac
Year built
1990
Stories
2
APN
105-10-088Q
Assessed value
$940,314
Annual tax
$55,583
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.60M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.90M
@ 6.5% CAP return
$3.60M
@ 7% CAP return
$3.34M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$55,583
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.36M
Range $1.95M – $5.36M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.86M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 38 sales
$275
-26%
Submarket 558 sales
$340
-40%
County 579 sales
$340
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $203/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+5%
vs current-use indication
Commercial (general) · current use
Auto Repair, Garage
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.50%
Selected cap rate for this other office properties
Derived from the Tucson market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.50%
9.0%
NOI (est.)
$272k *
Last sale · Nov 2024
$2.40M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.04M
Move the market yield to see immediate price impact.
Value / SF
$318
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.00%4.50%5.00%
$245k
$6.12M
$5.44M
$4.89M
$272k
$6.80M
$6.04M
$5.44M
$299k
$7.48M
$6.65M
$5.98M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$55,583
Tax year 2023
Assessed value
$940,314
Assessed 2024
Previous assessed
$757,152
+24.2% YoY
Effective rate
5.91%
On assessed value
Assessed land
$170,598
Assessed improvement
$769,716
Land market value
$947,768
Improvement market value
$4,276,198
Total market value
$5,223,966
Applied tax rate
1,050.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1990
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Total area
19,030 SF
Lot
2.72 ac (118,471 SF)
APN
105-10-088Q
UPID
US07-0190850
Jurisdiction
PIMA
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Lot
2.72 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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