Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    88 38th St Tucson, AZ 85713-4884
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    88 38th St Tucson, AZ 85713-4884

    View on Map
    • Office properties & Spaces
    • 16,214 SF
    • 1.43 lot acres
    Off-Market
    Property ID
    US07-0835585
    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
    $3,780,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dancing In the Streets AZ / Theater & Performing Art Venue / Vocational School
    • Social Security Office / Social Security Office
    • Social Security Administration / Social Security Office

    Property Details for 88 38th St

    Year built
    2008
    Construction
    WOOD
    Lot size
    1.43 lot acres
    Property size
    16,214 SF
    Property type
    Office properties & Spaces
    APN
    119-02-069D
    APU
    11902069D

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,210,000
      6.5%
      $2,965,000
      7%
      $2,750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,808,000
      Market price range: $1.43M - $3.81M
      AI Estimate
      $4,566,000
      Market price range: $1.18M - $4.57M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,465,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,690,000
      Change: +90% Conversion: Difficult
      MEDICAL BUILDING
      $3,620,000
      Change: +47% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,475,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.969
    Latitude
    32.1909
    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
    $39,220
    $44,960
    $481,775
    $526,735
    -
    $249,776
    $2,676,526
    $2,926,302

    Comparable in this City

    • Value Estimation
      $875,000
      4,604 SF

      2586 Santa Cruz Ln

      OFFICE (GENERAL) • 4,604 SF
      2586 Santa Cruz Ln, Tucson, AZ 85713
      View Details
    • Value Estimation
      $1,820,000
      7,800 SF

      2727 Country Clb Rd

      OFFICE (GENERAL) • 7,800 SF
      2727 Country Clb Rd, Tucson, AZ 85713-4046
      View Details
    • Value Estimation
      $605,000
      6,456 SF

      1800 6th Ave

      OFFICE (GENERAL) • 6,456 SF
      1800 6th Ave, Tucson, AZ 85713-3301
      View Details
    • Value Estimation by Request
      600 SF

      402 Ajo Way

      OFFICE (GENERAL) • 600 SF
      402 Ajo Way, Tucson, AZ 85713-6061
      View Details
    • Value Estimation by Request
      1,600 SF

      165 Ajo Way

      OFFICE (GENERAL) • 1,600 SF
      165 Ajo Way, Tucson, AZ 85713-6036
      View Details
    • Value Estimation by Request
      1,205 SF

      425 Ajo Way

      OFFICE (GENERAL) • 1,205 SF
      425 Ajo Way, Tucson, AZ 85713-6042
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,369 SF

      Tucson Medical Office Investment Opportunity

      Long-term tenant near major retailers and Interstate 10.
      2802 S 6Th Ave, Tucson, AZ 85713
      View Details
    • $425,000
      1,882 SF

      New Construction Duplex in Tucson

      New construction duplex, great investment near the University of Arizona.
      1520 E 27Th St, Tucson, AZ 85713
      View Details
    • $1,998,000
      2,586 SF

      Established Restaurant in South Tucson

      High-traffic location with strong regional accessibility and loyal customer base.
      708 W Ajo Way, Tucson, AZ 85713
      View Details
    • Contact for pricing
      6,681 SF

      Santa Rita Park Multifamily Opportunity

      Eleven-unit multifamily property in Santa Rita Park neighborhood, Tucson.
      1742 S 4Th Ave, Tucson, AZ 85713
      View Details
    • Contact for pricing
      6,143 SF

      Old Pueblo Saloon Opportunity

      Turn-key saloon with liquor license on 0.72 acres.
      3000 S Mission Rd, Tucson, AZ 85713
      View Details
    • Contact for pricing
      49,658 SF

      I-10 Frontage Commercial Land

      Prime commercial land with I-10 frontage, suitable for various uses.
      723 W Silverlake Rd, Tucson, AZ 85713
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Versatile Space Near Interstate 10

      Functional industrial, retail, and office space with excellent access.
      3601 E 44Th St, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Tucson Flex Space For Rent

      Flex, industrial, retail, and office spaces available for lease.
      3647-3681 S Dodge Blvd, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Warehouse with Office For Rent

      Warehouse building with office space available for lease.
      3820 E 40Th St, Tucson, AZ 85713
      View Details
    • Contact for pricing

      University of Arizona Tech Hub

      Office space in a mixed-use development near the University.
      1600 E Idea Ln, Tucson, AZ 85713
      View Details
    • $1.00 SF/Yr
      2,500 SF

      Versatile Space on Palo Verde Road

      Flexible commercial space with high visibility and multiple uses.
      3600 South Palo Verde Rd, Tucson, AZ 85713
      View Details
    • Contact for pricing

      Tucson Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Tucson.
      3450 S Broadmont Dr, Tucson, AZ 85713
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    88 38th St
    Tucson, AZ 85713-4884
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!