8940 Tanque Verde Rd Tucson, AZ 85749-9604
Property profile & analytics
8940 Tanque Verde Rd Tucson, AZ 85749-9604
- Day care centers
- 6,680 SF
- 0.47 lot acres
Property ID
US07-3315475
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.
Location Intelligence
Current Use by Public Records
- La Petite Academy on E. Tanque Verde Rd / Daycare Center
Property Details for 8940 Tanque Verde Rd
- Year built
- 1988
- Construction
- FRAME
- Lot size
- 0.47 lot acres
- Property size
- 6,680 SF
- Property type
- Day care centers
- APN
- 114-54-059B
- APU
- 11454059B
Description
This exceptional investment opportunity presents a 6,680-square-foot daycare center in Tucson, Arizona, currently operating under a long-term net lease with La Petite Academy, a nationally recognized childcare provider. The property boasts a 6.00% cap rate and a substantial net operating income (NOI) of $72,283. Situated on a 0.47-acre lot at 8940 E Tanque Verde Rd, Tucson, AZ 85749, this property benefits from a prime location surrounded by national retailers such as Safeway, Walgreens, Goodwill, and McDonald's. The lease, originally commenced on November 1, 1989, has a remaining term of approximately 2.6 years, with options for renewal. The tenant, backed by a corporate guarantee, has demonstrated a long-term commitment to the site, operating there for over 35 years. Built in 1988, the property enjoys 100% occupancy and benefits from built-in rent bumps of 3% within the lease options. The asking price is $1,204,000, translating to $180.24 per square foot. The property is located in a thriving area with a population of 167,843 residents within a five-mile radius and an average household income exceeding $123,000. This presents a stable, high-return investment with a strong tenant and excellent location within a growing market. The lease is a triple-net (NN) lease, meaning the tenant is responsible for most operating expenses. This investment is backed by the corporate guarantee of Learning Care Group, one of the largest providers of early childhood care in the U.S.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,150,000
- ML approach
- $1,185,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $736,000
Market price range: $423k - $852k -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,790,000
- COMMERCIAL (GENERAL)
- $1,510,000
- MEDICAL BUILDING
- $1,005,000
- RESTAURANT
- $915,000
- AUTO REPAIR, GARAGE
- $780,000
- INDUSTRIAL (GENERAL)
- $695,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.801
- Latitude
- 32.2573
- 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
$8,465
$45,765
$134,595
$180,360
-
$254,250
$747,750
$1,002,000
