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    3121 E Columbia Street Tucson, AZ 85714

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    Claim this Listing
    Pending
    $475,000

    COMMERCIAL - Tucson, AZ

    Property size:
    4,500 SF
    Lot size:
    0.33 Acres
    Added:
    Apr 19, 2023
    Days on Market:
    1100
    Last Refresh:
    Apr 22 at 5:06 pm

    Property Features for 3121 E Columbia Street

    General Information

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

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    LOT 00025 BLOCK 00D INDUSTRIAL PARK SITE MAP 13 PLAT 56
    Tax Annual Amount
    6253

    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

    Listing agent Christopher D Adams License #SA672809000

    Listing office Realty Executives Arizona Territory 958 E Rodeo Suite 25, Tucson, AZ

    Listing date Apr 19, 2023

    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.

    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 — 3770 S Broadmont Dr, Tucson, AZ 85713
    • Hooch's Storage & Impound LLC — 3113 E 45th St, Tucson, AZ 85713

    Location Insight

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

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    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 Street 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.
    (520) 877-4940
    We can help!
    Listing Contact
    Christopher D Adams
    Real Estate License ID: SA672809000
    Learn More
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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.

    More about this property
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