Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tucson, AZ 85704
    Back to Search
    Property profile & analytics

    , Tucson, AZ 85704

    View on Map
    • Sports & entertainment properties
    • 0.23 lot acres
    Off-Market
    Property ID
    US07-2122361
    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

    • Sports & entertainment properties

    Property Details

    Lot size
    0.23 lot acres
    Property type
    Sports & entertainment properties
    APN
    105-09-7290
    APU
    105097290

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2007 $10,497,000 Terrazzo Homes INC Trust 864 Grant Deed $1.4M · B & A Financial Corp Services
    Dec 28, 2007 — Trust 60337 Terrazzo Homes INC Warranty Deed · related —
    Jan 28, 2005 — Trust 869 Standard Pacific Of Tucson INC Grant Deed · related —

    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
    -110.966
    Latitude
    32.2906
    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
    $75
    $0.00
    $75
    -
    $500
    $0.00
    $500

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      1895 Misty Holw Ln

      RECREATIONAL, ENTERTAINMENT
      1895 Misty Holw Ln, Tucson, AZ 85704-0951
      View Details
    • Value Estimation by Request
      0.10 Acres

      6336 Camino De Corozal

      RECREATIONAL, ENTERTAINMENT
      6336 Camino De Corozal, Tucson, AZ 85704-1082
      View Details
    • Value Estimation by Request
      0.18 Acres

      Tucson, AZ 85704

      RECREATIONAL, ENTERTAINMENT
      Tucson, AZ 85704
      View Details
    • Value Estimation by Request
      0.10 Acres

      Tucson, AZ 85704

      RECREATIONAL, ENTERTAINMENT
      Tucson, AZ 85704
      View Details
    • Value Estimation by Request
      0.06 Acres

      Tucson, AZ 85704

      RECREATIONAL, ENTERTAINMENT
      Tucson, AZ 85704
      View Details
    • Value Estimation by Request
      0.10 Acres

      Tucson, AZ 85704

      RECREATIONAL, ENTERTAINMENT
      Tucson, AZ 85704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,604 SF

      Tucson Net Lease Opportunity

      Net leased property with long-term tenant and rent increases.
      10120 N Oracle Rd, Tucson, AZ 85704
      View Details
    • Contact for pricing
      265,530 SF

      Oracle Crossings Retail Center

      265,530 SF retail center in Tucson, Arizona.
      7881 N Oracle Rd, Tucson, AZ 85704
      View Details
    • Contact for pricing
      5,247 SF

      Move-in Ready Medical Building

      High-end medical building with premium finishes, optimized for medical operations.
      90 W River Rd, Tucson, AZ 85704
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      AZ, Tucson - N Oracle Road

      Discover many ways to work your way in Bellevue Skyline Tower
      6760 Oracle Rd, Tucson, AZ 85704
      View Details
    • Contact for pricing

      Multi-Tenant Office/Medical Building For Rent

      Two-story office/medical building in high-traffic Tucson corridor.
      7493 N Oracle Rd, Tucson, AZ 85704
      View Details
    • Contact for pricing
      2,148 SF

      Office Space with Covered Parking

      Second-floor office unit with covered parking and signage opportunities.
      7437 N Oracle Rd, Tucson, AZ 85704
      View Details
    • Contact for pricing
      2,056 SF

      Retail Space in El Corredor

      Retail space available in thriving El Corredor development.
      9740 N Oracle Rd, Oro Valley, AZ 85704
      View Details
    • Contact for pricing

      Catalina Foothills Office Space

      Office suites available in a convenient location with covered parking.
      555 E River Rd, Tucson, AZ 85704
      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.
    Tucson, AZ 85704
    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

    Thank You for Inquiry
    Tucson, AZ, 85704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!