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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
8020 Business Park Dr, Tucson, AZ 85743-8527
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-3464397
Property summary
AI-generated overview
This exceptional 12,070-square-foot Class A property in Tucson's Marana submarket offers unparalleled versatility. Built in 1988 and extensively renovated in 2019, this single-tenant building sits on a 1.55-acre lot (APN 221-05-155B) and is zoned Marana F (industrial). Featuring 20-foot ceilings, one loading dock with one dock-high door, and one drive-in door, the space is ideal for a variety of uses, including flex, R&D, warehouse, or corporate headquarters. The building boasts ample parking (50+ spaces), is fully air-conditioned, and includes multiple studios, flex spaces, offices, conference rooms, dressing rooms, and a soundproof recording studio. Previously utilized by multiple Fortune 500 companies for large-scale film production, streaming, and commercials, this adaptable space is ready for its next chapter. The property's heavy power supply and two-story configuration further enhance its functionality. This is a truly unique opportunity to acquire a high-quality, versatile commercial property in a prime location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
FRAME
Total area
9,281 SF
Lot
1.55 ac (67,727 SF)
APN
221-05-155B
UPID
US07-3464397
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
-
Modern Studios Film Production Television Studio
-
Modern Reflections Photography Service (Bike/Boat/Book/etc) Store
-
Modern Rentals Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$900k
Owner & transaction history
Lel Arizona LLC · 8 yrs held
Lel Arizona LLC
since 2017
2 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,200,000
Current use
Blend value · Realmo final
$900k
Range $810k – $990k · ±10%
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
$97 / 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
$21,131
Tax year 2023
Assessed value
$139,243
Assessed 2024
Previous assessed
$122,621
+13.6% YoY
Effective rate
15.18%
On assessed value
Assessed land
$35,557
Assessed improvement
$103,686
Land market value
$237,044
Improvement market value
$691,241
Total market value
$928,285
Applied tax rate
625.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
9,281 SF
Lot
1.55 ac (67,727 SF)
APN
221-05-155B
UPID
US07-3464397
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Lel Arizona LLC
Entity
Free & Clear · 8 yrs held
Mailing address
8020 N BUSINESS PARK DR, TUCSON, AZ 85743-8527
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2017
$1,058,000
Lel Arizona LLC
Banner Ents LLC
Grant Deed
—
Mar 31, 2005
$825,000
Banner Ents LLC
Rochester Midland Corp INC
Grant Deed
related
$742,500 · Borrego Springs Bank
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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