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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    811 S 6Th Ave Tucson, AZ 85705

    • Retail space
    • 4,170 SF
    • 0.35 lot acres
    For Lease
    View listing
    $3,500 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1033337
    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

    • Her Story To Health / Gym / Research Foundation
    • Native Music Coalition / Non-Profit Organization
    • Unity Amid Diversity Mural by Multiple Artists / Cultural Landmark

    Property Details for 811 S 6Th Ave

    Year built
    1918
    Construction
    FRAME
    Lot size
    0.35 lot acres
    Property size
    4,170 SF
    Property type
    Retail space
    APN
    117-08-0800
    APU
    117080800

    Description

    This exceptional 3,296 square foot, single-tenant office building presents a unique opportunity in Tucson's vibrant downtown area. Built in 1919, this historic one-story structure boasts a blend of character and modern functionality, having undergone renovations and additions over the years. Its strategic location just off the renowned "Five Points" neighborhood ensures easy access to the city center, benefiting from high daily vehicle traffic exceeding 15,000 cars. The property is conveniently situated on the Sun Tran bus line, enhancing its accessibility. The building features highly desirable C-3 zoning, providing flexibility for a variety of commercial uses. Ample parking and storage are provided within a fully paved and fenced area. A prominent monument sign at the entrance offers excellent visibility. The building is equipped with a zoned HVAC system for climate control. While a covered garage area is not included in the current offering, its potential inclusion can be explored. This property offers a rare combination of historical charm, modern amenities, and a prime location, making it an ideal investment for discerning businesses seeking a distinctive presence in Tucson's thriving downtown core.

    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
    -110.968
    Latitude
    32.2116
    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
    $4,659
    $19,094
    $18,277
    $37,371
    -
    $106,078
    $101,537
    $207,615

    Comparable in this City

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      2,580 SF

      829 6th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,580 SF
      829 6th Ave, Tucson, AZ 85701-2624
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    • Value Estimation by Request
      2,900 SF

      845 6th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,900 SF
      845 6th Ave, Tucson, AZ 85701
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    • Value Estimation
      $840,000
      7,417 SF

      200 Congress St

      RETAIL STORES (PERSONAL SERVICES) • 7,417 SF
      200 Congress St, Tucson, AZ 85701-1810
      View Details
    • Value Estimation by Request
      1,837 SF

      51 6th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,837 SF
      51 6th Ave, Tucson, AZ 85701-1503
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    • Value Estimation by Request
      2,260 SF

      450 Main Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,260 SF
      450 Main Ave, Tucson, AZ 85701-8284
      View Details
    • Value Estimation by Request
      2,364 SF

      125 Congress St

      RETAIL STORES (PERSONAL SERVICES) • 2,364 SF
      125 Congress St, Tucson, AZ 85701-1707
      View Details

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    811 S 6Th Ave
    Tucson, AZ 85705
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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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