Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3121 E Columbia St Tucson, AZ 85714

    View on Map
    Sponsored
    For Sale
    Pending
    $475,000

    COMMERCIAL - Tucson, AZ

    Property size:
    4,500 SF
    Lot size:
    0.33 Acres
    Days on Market:
    234
    Last Refresh:
    Mar 6 at 3:06 pm

    Property Features for 3121 E Columbia St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Pima County - CI1
    APN
    132-23-151A
    Parking
    15
    Parking features
    Fenced
    Fencing
    Chain Link
    Size
    4,500 SF
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas
    Cooling system
    Evaporative Cooling
    Water source
    Public

    Building Details

    Year built
    2004
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Christopher D Adams

    Realty Executives Arizona Territory

    Listing agent Christopher D Adams (480) 399-2007

    Listing date Jul 16, 2025

    MLS# 22308611

    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.

    Learn more

    Property Insight Report

    Overview

    Tucson Warehouse with Long-Term Tenant

    This commercial property in Tucson, Arizona, features a 4,500 square foot steel building situated on a 0.33-acre lot. The building includes three 12-foot roll-up garage doors, each 10 feet in width. The property is fully fenced and includes a front security gate. The building is equipped with two newer evaporative coolers, 3-phase power, and two gas heaters. Interior features include ceiling heights ranging from 16 to 20 feet, a half bathroom, a lobby, and an electric water heater. The property is zoned Pima County - CI1. A long-term tenant currently occupies the space and has expressed interest in continuing their lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tucson Differential Auto Repair Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Xcel Delivery Services, Hooch's Storage & Impound LLC

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.925515
    Latitude
    32.174014

    Nearby Similar for Sale

    • $470,000
      1,422 SF

      Charming Retail/Office Building Near U of A

      Historic 1,568 SF building suitable for retail or office use.
      629 E 9Th St, Tucson, AZ 85705
      View Details
    • $485,000
      2,013 SF

      Tucson Multi-Family Property For Sale

      Multi-family property near the University of Arizona.
      3025 N Olsen Ave, Tucson, AZ 85719
      View Details
    • $299,000
      1,777 SF

      Remodeled Freestanding Central Office Building

      Remodeled office building with modern finishes, flexible space, and storage.
      727 N Swan Rd, Tucson, AZ 85711
      View Details
    • $1,499,000
      6,702 SF

      Versatile Retail/Industrial Property in Tucson

      Retail/industrial property with flexible spaces and warehouse, near amenities.
      261 W Fort Lowell Rd, Tucson, AZ 85705
      View Details
    • $285,000
      1,463 SF

      Tucson Commercial Building For Sale

      Commercial building with B2 zoning in a high-growth residential area.
      3061 S Kinney Rd, Tucson, AZ 85713
      View Details
    • $945,000
      3,200 SF

      Renovated Building in Historic Area

      Meticulously renovated commercial building in Tucson's historic 'Miracle Mile'.
      210 W Drachman St, Tucson, AZ 85705
      View Details
    • $795,000
      0.22 Acres

      Tucson Commercial Property with Renovations

      Renovated commercial property with MU zoning and parking.
      3452 E Milton Rd, Tucson, AZ 85706
      View Details
    • $275,000
      1,476 SF

      Versatile Commercial Property with Storage

      Commercial property with C2 zoning, storage, and convenient highway access.
      125 E Flores St, Tucson, AZ 85705
      View Details
    • $1,200,000
      3,690 SF

      Tucson Warehouse and Office Space

      Versatile commercial property with warehouse and office space on large lot.
      2200 W La Osa St, Tucson, AZ 85705
      View Details
    • $545,000
      2,384 SF

      Midtown Tucson Mixed-Use Property

      Mixed-use property with showroom, workshop, and apartment in Tucson.
      3365 N Dodge Blvd, Tucson, AZ 85716
      View Details
    • New
      $9,000,000
      11.13 Acres

      Historic Guest Ranch Mini-Resort

      Tucson's renovated guest ranch with luxury villas and event infrastructure.
      10700 E Tanque Verde Rd, Tucson, AZ 85749
      View Details
    • New
      $395,000
      2,958 SF

      Four-Unit Income Property on Acre

      Income-producing four-unit property on a private acre lot.
      10473 S Nogales Hwy, Tucson, AZ 85756
      View Details

    FAQs

    What type of property is this?
    Warehouse - 4,500 SF warehouse on 0.33 acres with tenant.
    Where is this warehouse located?
    The property is located at 3121 E Columbia St Tucson, AZ.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Long-term tenant in place, providing immediate rental income.; - 4,500 SF steel building with HIGH CEILINGS (16'-20').; - 3-Phase Power, suitable for various industrial or commercial uses.
    (480) 399-2007
    Request Owner's contact information
    3121 E Columbia St Tucson, AZ 85714
    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.
    3121 E Columbia St
    Tucson, AZ 85714
    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
    3121 E Columbia St Tucson, AZ 85714
    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

    We can help!
    Listing Contact
    Christopher D Adams
    Real Estate License ID: SA672809000
    (480) 399-2007 (480) 963-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!