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    Historic Building Near University Title is generated by Realmo AI

    9 E University Blvd, Tucson, AZ

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    Adaptable historic building with strong traffic and high accessibility.

    Type:RETAIL
    Property size:
    12,076 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $107/SF
    Added:
    Jun 28, 2024
    Days on Market:
    739
    Last Refresh:
    May 20 at 9:52 pm

    Property Features for 9 E University Blvd

    General Information

    Standard status
    Active
    Size
    12,076 SF
    Lot size
    0.32 Acres
    Property subtype
    RETAIL

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    Richard M Kleiner, MBA

    Listing office Picor Commercial Real Estate Services

    Listing date Jun 28, 2024

    Source Moodyscre

    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 Picor Commercial Real Estate Services

    HighLights

    • High Walk Score (91): Walker's Paradise with exceptional walkability.
    • High Traffic Counts: ±20,483 Average Daily Vehicles (ADV) on N Stone and E University Blvd.
    • Close Proximity to Universities: 1.8 miles from the University of Arizona and 0.5 miles from Pima Community College Downtown Campus.
    • Excellent Accessibility: Just 0.6 miles from I‑10.
    • Abundant Local Amenities: Close to healthcare, grocery stores, shopping, entertainment, food, drink, and banking.
    • Historic Building: Splendid historic building ready for modern adaptation.

    Overview

    This historic building is located near the University of Arizona (1.8 miles), Pima Community College Downtown Campus (0.5 miles), and I-10 (0.6 miles). The property benefits from strong traffic counts, including approximately 20,483 vehicles per day on both N Stone and E University Blvd. The neighborhood offers high accessibility, with a Walk Score of 91, indicating a "Walker’s Paradise," and a Transit Score of 65. Local neighborhood amenities include healthcare options such as HealthOn University, Banner – University Medical Center, and First CareRx, as well as grocery stores like Fry’s and Walmart. Shopping and entertainment venues include Main Gate Square and the Tucson Museum of Art. Food and drink establishments in the area include Starbucks, BOCA, El Charro Café, and Historic 4th Ave. Banking services are provided by Bank of America, Vantage West Credit Union, and Wells Fargo. The building offers approximately 12,076 square feet of space and is ready to adapt for 21st-century uses.

    Local Financial Insights For Retail

    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 $173.9k $14.40
    − Vacancy −$9.9k −$0.82
    EGI $164.0k $13.58
    − OpEx −$49.2k −$4.07
    NOI $114.8k $9.51
    12,076 SF · lease $14.40/SF/yr · vacancy 5.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.64M
    $1.43M – $1.91M (±1% cap)
    NOI $114,788 @ 7.0% cap · market cap 8.83%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.14M
    $2.74M – $3.66M (±1% cap)
    NOI $219,594 @ 7.0% cap · market cap 16.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Supermarket Restaurant Adult Day Care Clothing & Fashion Store Dental Office Nursing Home (Bike/Boat/Book/etc) Store

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

    Similar Places Nearby

    • Arizona Flower Market — 500 N Tucson Blvd #190, Tucson, AZ 85716
    • Apri Services — 500 N Tucson Blvd # 100, Tucson, AZ 85716

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.971
    Latitude
    32.2319

    FAQs

    What type of property is this?
    Storefront property - Adaptable historic building with strong traffic and high accessibility.
    Where is this storefront property located?
    The property is located at 9 E University Blvd Tucson, AZ.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: High Walk Score (91): Walker's Paradise with exceptional walkability.; High Traffic Counts: ±20,483 Average Daily Vehicles (ADV) on N Stone and E University Blvd.; Close Proximity to Universities: 1.8 miles from the University of Arizona and 0.5 miles from Pima Community College Downtown Campus.
    (520) 748-7100 Call to check price and availability
    More about this property
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