Tucson Hotel Investment
750 West Starr Pass Blvd., Tucson, AZ 85743
Quality Inn – Tucson, AZ
Property size:
46,762 SFLot size:
3.00 AcresPrice / SF:
$175/SF- Added:
- Jan 28, 2025
- Days on Market:
- 479
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 750 West Starr Pass Blvd.
General Information
- Standard status
- Active
- Property type
- Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
- Size
- 46,762 SF
- Elevators
- N/A
- Lot size
- 3.00 Acres
Building Details
- Year Built
- 1984
- Buildings
- 1
- Stories
- 2
- Units
- 98
Listing agent Jigar “jay” License #SA675144000 (520) 664-4091
Listing office NewGen Advisory Phoenix (520) 664-4091
Listing date Jan 28, 2025
HighLights
- Prime location in Central Tucson, near University of Arizona and Downtown Tucson
- Priced right for either hotel owner/operator or affordable housing / non‑profit organization
- Large rooms with over 300 sq. ft. of living space with adjoining rooms
- Each guest room includes individual built‑in closets and patios
- Numerous common areas throughout that can be used for fitness center, meeting space, etc.
- Additional land also included in the sale for future expansion
Overview
This 98-unit hotel in Tucson, Arizona, is listed below replacement cost, presenting an investment opportunity for owner-operators and those seeking alternative uses. The property is strategically located off Interstate-10, a short drive from the University of Arizona, and within walking distance of Downtown Tucson, the Convention Center, Historic 4th Avenue, Main Gate Square, and the U of A football/basketball stadium. The property features large rooms (over 300 sq ft), each with built-in closets and patios. Numerous common areas offer potential for conversion into fitness centers or meeting spaces. The 46,762 sq ft building sits on 3 acres of land, including additional land for future expansion. Given Tucson's housing shortage, the city actively supports conversion projects into affordable housing or non-profit shelters, making this a versatile asset with significant upside potential. The sale includes the entire 3-acre lot. This turnkey property offers a strong return on investment, regardless of its future use. The asking price is $8.2M.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$5.34M
NOI $480,492 @ 9.00% cap · cautious / downside scenario
Moderate
$6.86M
NOI $480,492 @ 7.00% cap · market / base-case scenario
Aggressive
$9.61M
NOI $480,492 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $953.9k | $20.40 |
| − Vacancy | −$80.3k | −$1.72 |
| EGI | $873.6k | $18.68 |
| − OpEx | −$393.1k | −$8.41 |
| NOI | $480.5k | $10.28 |
46,762 SF · lease $20.40/SF/yr · vacancy 8.42% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$6.86M
$6.01M – $8.01M
NOI $480,492 @ 7.0% cap · market cap 5.86%
Second Best
Hotel Hospitality
$5.00M
$4.37M – $5.83M
NOI $349,838 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$12.15M
$10.63M – $14.17M
NOI $850,335 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quality Inn
Hotel & Motel
Satin Touch Day ...
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -111.211
- Latitude
- 32.312
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Quality Inn – Tucson, AZ
Where is this hotel located?
The property is located at 750 West Starr Pass Blvd. Tucson, AZ.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: Prime location in Central Tucson, near University of Arizona and Downtown Tucson; Priced right for either hotel owner/operator or affordable housing / non‑profit organization; Large rooms with over 300 sq. ft. of living space with adjoining rooms
