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    Property profile & analytics

    902 Miracle Mile Tucson, AZ 85705-3710

    • Grocery and convenience stores
    • 2,460 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $655,000
    Last Sale
    Sep 13, 2023
    $640,000
    Location Intelligence
    Property ID
    US07-0205937
    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

    • R P Food Store 1 / Convenience Store
    • El Compa Mexican Food / Mexican Restaurant
    • Mr Dogos / Hot Dog Stand

    Property Details for 902 Miracle Mile

    Year built
    1973
    Construction
    FRAME
    Lot size
    0.42 lot acres
    Property size
    2,460 SF
    Property type
    Grocery and convenience stores
    APN
    107-06-002K
    APU
    10706002K

    Description

    This well-located Tucson convenience store presents a compelling investment opportunity. The 2,460-square-foot property, built in 1973, sits on a 0.415-acre lot zoned C-2, offering significant expansion potential. Currently operating at 100% occupancy with a lease expiring October 23, 2024, the store features a drive-thru window and generates additional monthly income of $1,400 from food truck rentals. The property boasts excellent visibility due to its proximity to I-10 and Oracle Road. Further income opportunities exist, including the potential addition of gas pumps, as indicated in the property's zoning and existing site plan. Financial details are available upon request. This owner-user investment offers a 9.9% cap rate and presents a rare chance to acquire a thriving business with substantial growth potential in a high-traffic area. The single-story building is located at 902 W Miracle Mile, Tucson, AZ 85705, Pima County, and has a parcel number of 107-06-002K.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $655,000

    • CAP approach

      CAP return
      Estimation
      6%
      $640,000
      6.5%
      $620,000
      7%
      $605,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $645,000
      Geo Method
      $700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $690,000
      Mixed-Use
      $550,000
      Hospitality
      $625,000
      Educational
      $660,000
      Residential Income
      $670,000
      Energy
      $615,000
      Income-Based Land
      $500,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.987
    Latitude
    32.2614
    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
    $6,024
    $26,041
    $25,261
    $51,302
    -
    $144,672
    $140,338
    $285,010

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
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      2,827 SF

      2802 Stone Ave

      CONVENIENCE STORE • 2,827 SF
      2802 Stone Ave, Tucson, AZ 85705-4503
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    • Value Estimation
      $460,000
      2,730 SF

      130 Speedway Blvd

      CONVENIENCE STORE • 2,730 SF
      130 Speedway Blvd, Tucson, AZ 85705-7774
      View Details
    • Value Estimation
      $765,000
      34,080 SF

      3911 Flowing Wls Rd

      GROCERY, SUPERMARKET • 34,080 SF
      3911 Flowing Wls Rd, Tucson, AZ 85705
      View Details
    • Value Estimation by Request
      2,823 SF

      4395 Romero Rd

      CONVENIENCE STORE • 2,823 SF
      4395 Romero Rd, Tucson, AZ 85705-2319
      View Details
    • Value Estimation
      $440,000
      8,820 SF

      219 3rd Ave

      CONVENIENCE STORE • 8,820 SF
      219 3rd Ave, Tucson, AZ 85705-8571
      View Details

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    902 Miracle Mile
    Tucson, AZ 85705-3710
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    Realmo Value Estimation

    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.

    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.

    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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