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    8201 Rita Rd Tucson, AZ 85747-9057
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    Property profile & analytics

    8201 Rita Rd Tucson, AZ 85747-9057

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    • Grocery and convenience stores
    • 4,200 SF
    • 1.01 lot acres
    Off-Market
    Last Sale Dec 18, 2025
    $2,520,000
    Property ID
    US07-1053254
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Papa Locos Tacos & Burgers / Restaurant
    • Bear Down Barber Shop / Barber Shop
    • Rita Ranch Market / Food Market / Farmer's Market
    • Chevron / Gas Station

    Property Details for 8201 Rita Rd

    Year built
    1996
    Construction
    FRAME
    Lot size
    1.01 lot acres
    Property size
    4,200 SF
    Property type
    Grocery and convenience stores
    APN
    141-21-022B
    APU
    14121022B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.801
    Latitude
    32.1026
    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
    $13,478
    $51,475
    $59,185
    $110,660
    -
    $285,974
    $328,805
    $614,779

    Comparable in this City

    • Value Estimation
      $640,000
      4,487 SF

      10335 Drexel Rd

      CONVENIENCE STORE • 4,487 SF
      10335 Drexel Rd, Tucson, AZ 85747-9405
      View Details
    • Value Estimation
      $6,640,000
      43,830 SF

      9040 Valencia Rd

      GROCERY, SUPERMARKET • 43,830 SF
      9040 Valencia Rd, Tucson, AZ 85747-4903
      View Details
    • Value Estimation
      $890,000
      6,409 SF

      9255 Rita Rd

      CONVENIENCE STORE • 6,409 SF
      9255 Rita Rd, Tucson, AZ 85747-9152
      View Details
    • Value Estimation
      $9,125,000
      70,960 SF

      8080 Houghton Rd

      GROCERY, SUPERMARKET • 70,960 SF
      8080 Houghton Rd, Tucson, AZ 85747-9308
      View Details
    • Value Estimation
      $1,070,000
      6,681 SF

      8260 Houghton Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 6,681 SF
      8260 Houghton Rd, Tucson, AZ 85747-9702
      View Details
    • Value Estimation
      $695,000
      4,794 SF

      10332 Valencia Rd

      CONVENIENCE STORE • 4,794 SF
      10332 Valencia Rd, Tucson, AZ 85747
      View Details

    Similar Nearby for Sale

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      5,123 SF

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      Retail Pads For Sale/Lease

      Retail pads available for sale or lease in Tucson, Arizona.
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      Prime Commercial Land Available

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      Tucson Drive-Thru Restaurant Investment

      New drive-thru restaurant with long-term lease in Tucson, AZ.
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      7,524 SF

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      Prime Land in Southeast Tucson

      Land in a rapidly growing Tucson submarket with high accessibility.
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    Similar Nearby for Lease

    • Contact for pricing
      1,540 SF

      Prime Land Parcel For Lease

      Master planned land parcel for lease in Tucson, Arizona.
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      960 SF

      Retail Space Available For Rent

      Retail space available for lease in Tucson, Arizona.
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    • Contact for pricing
      2,226 SF

      Retail Space Available For Rent

      Retail space available for rent in Tucson, Arizona.
      9046 South Houghton Rd, Tucson, AZ 85747
      View Details
    • Contact for pricing

      Houghton Town Center End-Cap Space

      End-cap space in high-traffic area, ideal for medical use.
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      Retail Space Available For Lease

      Retail space for lease in Tucson, Arizona.
      10000 E Old Vail Rd, Tucson, AZ 85747
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    • Contact for pricing
      1,200 SF

      Retail Space in Rita Ranch

      Retail space available in high-growth Tucson corridor.
      8140 South Houghton Rd, Tucson, AZ 85747
      View Details

    Property Visit Statistics

    • Visits by month
      3.8k
    • Visitors by month
      4.1k
    • Avg Time on site
      6 min
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    Tucson, AZ 85747-9057
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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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