Sign Up Successful!
You now have access to more from Realmo!
    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

    914-928 11Th St Tucson, AZ 85705

    Sponsored
    For Sale
    $349,000

    LAND - Tucson, AZ

    Lot size:
    0.58 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 20 at 6:06 am

    Property Features for 914-928 11Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Tucson - R3
    APN
    116-16-281A
    Fencing
    Chain Link
    Lot size
    0.58 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Faith F Canale

    Realty Executives Arizona Territory

    Listing agent Faith F Canale (520) 548-2328

    Listing date Feb 9, 2026

    MLS# 22603761 Listing URL

    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

    Central Tucson Development Opportunity

    This property offers a development opportunity on nearly 0.58 acres in central Tucson, situated just north of Downtown and conveniently located between the University of Arizona/Banner UMC and St. Mary's Medical Park. It lies in the heart of the Gem Show area and within the tax-advantaged Opportunity Zone of the historic Dunbar Springs Neighborhood. The street dead ends into Estevan Park, which features a children's playground, basketball court, soccer/rugby field, and walking paths. The sale includes two parcels and three addresses, which may be combined or split. The high-density R-3 zoning may allow for fewer than 20 units and a height of fewer than 40 feet. Alternatively, the land could be used for industrial or commercial purposes, as it is surrounded by R-3 and C-3 industrial, commercial, and residential developments. Alley access enhances accessibility. Existing small structures dating back to the 1930s or 1940s will need to be demolished for full land development, or they could be restored with additional construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.97893
    Latitude
    32.233401

    Nearby Similar for Sale

    • $1,800,000
      4,067 SF

      Assisted Living Homes in Tucson

      Two adjacent assisted living homes, turnkey operation, convenient location.
      6301 E Calle De San Alberto --, Tucson, AZ 85710
      View Details
    • $1,749,000
      5,039 SF

      Historic Tucson Live/Work Opportunity

      Prime downtown Tucson real estate with live/work functionality.
      443 S Stone Ave, Tucson, AZ 85701
      View Details
    • $499,700
      2,558 SF

      Remodeled Duplex on R-3 Lot

      Fully remodeled duplex on R-3 zoned lot in Central Tucson.
      3281 N Flanwill Blvd, Tucson, AZ 85716
      View Details
    • $1,749,000
      5,039 SF

      Historic Tucson Commercial Live-Work Property

      Prime corner lot in Historic Armory Park with modern updates.
      443 S Stone Ave, Tucson, AZ 85701
      View Details
    • $9,000,000
      11.13 Acres

      Historic Tucson Guest Ranch Resort

      11.1-acre guest ranch with villas, casitas, and Conestoga wagons.
      10700 E Tanque Verde Rd, Tucson, AZ 85749
      View Details
    • $420,000
      1,882 SF

      Turnkey Duplex Ready to Rent

      Turnkey duplex with premium finishes, ready for immediate rental.
      501 W Pennsylvania Dr, Tucson, AZ 85714
      View Details
    • New
      $399,900
      Pending

      Renovated Duplex Near University

      Charming, renovated duplex near U of A with modern upgrades.
      3030 N 2Nd Ave, Tucson, AZ 85705
      View Details
    • $1,800,000
      7,528 SF

      New Construction Tucson Multifamily Investment

      Eight-unit multifamily property near the University of Arizona.
      4061 E Monte Vista Dr, Tucson, AZ 85712
      View Details
    • $1,400,000
      16,395 SF

      Former Training Center on Two Acres

      Centrally located Tucson property with redevelopment potential.
      3767 E Grant Rd, Tucson, AZ 85716
      View Details
    • $384,900
      2,438 SF

      Versatile Duplex in South Tucson

      Duplex with residential/commercial zoning, ideal for investment or business.
      320 E 29Th St, Tucson, AZ 85713
      View Details
    • New
      $418,000
      2,098 SF

      Two Homes, One Lot

      Two upgraded homes on one lot, ideal for investment.
      1426 W Delaware St, Tucson, AZ 85745
      View Details
    • $450,000
      3,124 SF

      Renovated Duplex with Expansion Potential

      Fully renovated duplex on a large lot with expansion potential.
      215 W Navajo Rd, Tucson, AZ 85705
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.58 acre in central Tucson near Downtown and University.
    Where is this commercial land located?
    The property is located at 914-928 11Th St Tucson, AZ.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Large 0.58 acre lot in Central Tucson Opportunity Zone.; - High-density R-3 zoning allows for potential development of up to 20 units.; - Includes 2 parcels and 3 addresses, offering flexibility for development.
    (520) 877-4940
    Request Owner's contact information
    914-928 11Th St Tucson, AZ 85705
    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.
    914-928 11Th St
    Tucson, AZ 85705
    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
    914-928 11Th St Tucson, AZ 85705
    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
    Faith F Canale
    (520) 877-4940 (520) 548-2328 (520) 292-0636
    Learn more
    Google sign-in failed. Please try again or use another login method.