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    Charming Retail Building in Tucson Title is generated by Realmo AI

    18 W 18th Street, Tucson, AZ 85701

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    Claim this Listing
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    For Sale
    $445,000

    COMMERCIAL - Tucson, AZ

    Property size:
    1,190 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $373/SF
    Added:
    May 27, 2026
    Days on Market:
    1
    Last Refresh:
    May 27 at 11:06 pm

    Property Features for 18 W 18th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Tucson - C3
    Standard status
    Active
    APN
    117-07-3640
    Size
    1,190 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    18 West 18th Street Sq20211440619 Blk 1
    Tax Annual Amount
    2506

    Utilities

    Water source
    Public

    Building Details

    Year built
    1931
    Building materials
    Masonry Stucco
    Roof type
    Built-Up

    We can help!

    Listing Contact
    Nina J Marvcesim
    Nina J Marvcesim

    Listing agent Nina J Marvcesim License #SA508805000

    Listing office Realty Executives Arizona Territory 6444 E Tanque Verde Rd, Tucson, AZ

    Listing date May 27, 2026

    MLS# 22613452

    Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the heart of a historic district with exceptional visibility.
    • High foot traffic due to proximity to walkable downtown, coffee shops, and boutique retailers.
    • Charming, stand‑alone building with classic architectural details.
    • Versatile layout suitable for various commercial uses.
    • Ideal for investors or owner‑operators seeking a unique presence.
    • Built in 1931 with masonry stucco construction.

    Overview

    This stand-alone retail building is located in the heart of a historic district. The property benefits from steady foot traffic due to its proximity to coffee shops, boutique retailers, and established neighborhoods near walkable downtown. The building has classic architectural details and a versatile layout suitable for a variety of commercial uses. The property, situated on a lot of 0.06 acres, offers 1190 square feet of space. It is zoned Tucson - C3 and is located in Tucson, Arizona, with the postal code 85701, in Pima County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • PEYOTE FLOWERS — 168 S Freeway, Tucson, AZ 85745
    • Flores Concepts — 843 E 18th St, Tucson, AZ 85719
    • Bloom Maven — 160 South Avenida del Convento STE 150, Tucson, AZ 85745
    • Five Points Flowers — 804 S 6th Ave, Tucson, AZ 85701

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.969424
    Latitude
    32.212223

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    FAQs

    What type of property is this?
    Storefront property - Stand-alone retail building in historic district near walkable downtown.
    Where is this storefront property located?
    The property is located at 18 W 18th Street Tucson, AZ.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: Prime location in the heart of a historic district with exceptional visibility.; High foot traffic due to proximity to walkable downtown, coffee shops, and boutique retailers.; Charming, stand‑alone building with classic architectural details.
    (520) 585-0885
    We can help!
    Listing Contact
    Nina J Marvcesim
    Nina J Marvcesim
    Real Estate License ID: SA508805000
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    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.

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