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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Banks
9015 Tanque Verde Rd Tucson, AZ 85749-8818
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-1115785
Property summary
AI-generated overview
This exceptional 5,138 square foot former bank branch in Tucson, Arizona, presents a unique opportunity for reuse, repositioning, or redevelopment. Located at 9015 E Tanque Verde Rd, in the 85749 zip code within Pima County, this property sits on a 1.14-acre lot and is zoned C-1. The building features a pre-existing drive-thru, a valuable asset for various commercial uses. The property is being sold "as-is" without any warranties, express or implied, regarding its condition. Interested parties should note that this sale is conducted via a modified sealed bid process. Additional details, including title, survey, and environmental disclosures, are available online at www.bankingcentersforsale.com. To submit an offer, a signed Purchase and Sale Agreement (PSA), accessible in the Virtual Deal Room, must be emailed by September 26, 2024. The APN for this property is 114-51-1400. This prime location and versatile space offer significant potential for a wide range of commercial ventures. Don't miss this chance to acquire a well-situated property in a thriving Tucson market.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1981
Construction
FRAME
Total area
5,058 SF
Lot
1.15 ac (49,995 SF)
APN
114-51-2110
UPID
US07-1115785
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Hd Iron LLC · 1 yrs held
Hd Iron LLC
since 2024
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+225.6%
Commercial (general)
$1.1M
+174.0%
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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,355,000
Change: +226% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,140,000
Change: +174% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Dec 5 2024)
Last sale anchor
$1.55M
Dec 5 2024
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
$306 / 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
$30,004
Tax year 2023
Assessed value
$273,879
Assessed 2024
Previous assessed
$240,671
+13.8% YoY
Effective rate
10.96%
On assessed value
Assessed land
$116,988
Assessed improvement
$156,891
Land market value
$649,935
Improvement market value
$871,615
Total market value
$1,521,550
Applied tax rate
150.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
HEAT PUMP
Cooling
REFRIGERATOR
Stories
1
Total area
5,058 SF
Lot
1.15 ac (49,995 SF)
APN
114-51-2110
UPID
US07-1115785
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1981
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Hd Iron LLC
Entity
Free & Clear · 1 yrs held
Mailing address
101 N TRYON ST STE #300, CHARLOTTE, NC 28246-0104
Ownership since
2024
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
Dec 5, 2024
$1,550,000
Hd Iron LLC
Bank Of America National Associatio
Special Warranty Deed
—
Sep 4, 1991
—
Bancwest Mortgag
Arizona Bank
Grant Deed
related
—
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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