Fenced-Yard Flex
For Sale
$419,900
1026 N Columbus Boulevard, Tucson, AZ 85711
Adaptable commercial space combines office and warehouse areas for contractors, professional offices, or religious facilities.
Property Size1,834 SF
Price / SF$228.95
Days on Market105
Property Features for 1026 N Columbus Boulevard
General Information
Standard status
Active
Size
1,834 SF
Property subtype
Commercial
Zoning
c1
Site & Location
Road Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$1,544
Building Details
Building Size
1,834 SF
Year Built
1952
Buildings
1
Listing Agency:
West USA Realty
(602) 799-7908
Listed By:
Esther Perez Gallardo · License #BR523184000
(602) 799-7908
Source:
Sunhaven-realestate
Added: May 3
Changed: Aug 13
Last Checked: Aug 14 at 2:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of West USA Realty
Investment Insights
Based on property information with market context.
This 1,834 SF flex property combines office and warehouse space within a building constructed in 1952. A fenced yard provides secured outdoor area, while the adaptable configuration supports contractor operations, professional office use, and religious facilities as identified for the property.
The property is located at 1026 N Columbus Boulevard in Tucson, Arizona, with access off Speedway and Columbus Boulevard. Its office-and-warehouse layout offers a practical combination of administrative and operational space for a range of commercial users.
The property is located at 1026 N Columbus Boulevard in Tucson, Arizona, with access off Speedway and Columbus Boulevard. Its office-and-warehouse layout offers a practical combination of administrative and operational space for a range of commercial users.
Key Highlights
- 1,834 SF office/warehouse property
- Fenced yard included
- Flexible layout for contractor, professional office, or religious facility use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,799
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,980
$536.0K
Cap Rate 7%
$382,843
$382.8K
Cap Rate 9%
$297,767
$297.8K
Market Conditions
NOI Build-Up for 1,834 SF
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.
Gross rent
$39.6K $21.60/SF
− Vacancy
−$3.9K −$2.12/SF
EGI
$35.7K $19.48/SF
− OpEx
−$8.9K −$4.87/SF
NOI
$26.8K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,980
Cap Rate 7%
$382,843
Cap Rate 9%
$297,767
Alternative Uses
Best Use
Office B
$382.8K
$335.0K – $446.7K
NOI $26,799 @ 7.0% cap · market cap 6.38%
Second Best
Warehouse
$230.5K
$201.7K – $269.0K
NOI $16,138 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$476.4K
$416.9K – $555.8K
NOI $33,350 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
Median Home Value
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space combines office and warehouse areas for contractors, professional offices, or religious facilities.
Where is this flex space located?
The property is located at 1026 N Columbus Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 1,834 SF office/warehouse property; Fenced yard included; Flexible layout for contractor, professional office, or religious facility use
