Downtown Office
116 W Simpson St Tucson, AZ 85701
116 W Simpson St, Tucson, AZ, 85701
Contact for pricing
For Sale
Contact for pricing
For-sale office building in Tucson near key downtown cultural and entertainment venues.
Property Size3,377 SF
Price / SF$281.31
Days on Market48
Property Features for 116 W Simpson St
General Information
- Standard status
- Active
- Size
- 3,377 SF
- Property subtype
- OFFICE
Listing agency
CBRE | Tucson
(520) 307-2336
Listed by
Jeff Casper
(520) 307-2336
Source
Moodyscre
Added: Jun 4 Updated: Jul 21 at 2:01AM Checked: Jul 21 at 4:42AM
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 CBRE | Tucson
Investment Insights
Based on property information with market context.
This property is a for-sale downtown office building at 116 W Simpson St in Tucson, AZ. The available information identifies it as office space within a compact, multi-unit commercial setting.
The location places the building blocks from major downtown destinations including the Tucson Convention Center, Linda Ronstadt Music Hall, and the Leo Rich Theater. It is also near restaurants and coffee shops, with Teatro Carmen noted as soon to be revived. Access is described as blocks from the Tucson Loop and Interstate 10.
While specific interior unit configurations and condition details are not provided, the property is positioned as an office asset within a walkable downtown environment supported by nearby entertainment and dining.
The location places the building blocks from major downtown destinations including the Tucson Convention Center, Linda Ronstadt Music Hall, and the Leo Rich Theater. It is also near restaurants and coffee shops, with Teatro Carmen noted as soon to be revived. Access is described as blocks from the Tucson Loop and Interstate 10.
While specific interior unit configurations and condition details are not provided, the property is positioned as an office asset within a walkable downtown environment supported by nearby entertainment and dining.
Key Highlights
- For‑sale office building in Tucson near Interstate 10.
- Blocks away from the Tucson Loop (131 mi. bike path).
- Close to the Tucson Convention Center, Linda Ronstadt Music Hall, and Leo Rich Theater.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.9k | $21.60 |
| − Vacancy | −$7.1k | −$2.12 |
| EGI | $65.8k | $19.48 |
| − OpEx | −$16.4k | −$4.87 |
| NOI | $49.3k | $14.61 |
3,377 SF · lease $21.60/SF/yr · vacancy 9.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$704.9K
$616.8K – $822.4K
NOI $49,346 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$877.3K
$767.6K – $1.02M
NOI $61,408 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - For-sale office building in Tucson near key downtown cultural and entertainment venues.
Where is this office units located?
The property is located at 116 W Simpson St Tucson, AZ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: For‑sale office building in Tucson near Interstate 10.; Blocks away from the Tucson Loop (131 mi. bike path).; Close to the Tucson Convention Center, Linda Ronstadt Music Hall, and Leo Rich Theater.
