Single-Story Office Building with
For Sale
Contact for pricing
1210 N Stone Ave, Tucson, AZ 85705
Single-story, custom-built 1997 office with private patio, secure parking, and a carriage house for storage.
Property Size2,045 SF
Lot Size0.25 Acres
Price / SF$198.04
Days on Market161
Property Features for 1210 N Stone Ave
General Information
Standard status
Active
Size
2,045 SF
Class
C
Total Parking Spaces
9
Lot size
0.25 Acres
Property subtype
Office, Mixed Use
Zoning
C-3
Lease Type
Gross
Additional Details
Fenced Yard
Yes
Amenities
breakroom
pantry
communications room
carriage house
private side patio
Building Details
Year Built
1997
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Habitation Realty ERA Powered
Listed By:
Emmitt Chang · License #SA699159000
Source:
Crexi
Added: Mar 31
Changed: Aug 24
Last Checked: Sep 7 at 11:32AM
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 Habitation Realty ERA Powered
Investment Insights
Based on property information with market context.
Rare single-owner, custom-built single-story office building constructed in 1997 for a law practice, now offered for sale for the first time. The interior includes knotty pine tongue-and-groove ceilings, a built-in reception desk, and a dedicated work area, along with a well-appointed breakroom featuring a refrigerator, sink, and dishwasher. A separate pantry provides additional storage, and the layout includes two restrooms and a dedicated communications room, supported by a move-in-ready configuration.
Located at 1210 N Stone Ave in Tucson, the property sits just off Tucson’s main downtown corridor and is described as approximately 3 minutes from the Downtown Courthouses. Exterior access opens onto a landscaped private side patio through exterior doors.
The exterior includes a wrought iron fence with a rolling rear gate and nine secured private parking spaces. An 18' x 12' carriage house on-site provides additional storage and is included with the sale. C-3 zoning applies, and the seller is offering a rent-to-own arrangement; bus line access and signage availability are also noted. Included items are the refrigerator, kitchen fixtures, table and chairs, and optional office desks; computers and workstation equipment are not included.
Located at 1210 N Stone Ave in Tucson, the property sits just off Tucson’s main downtown corridor and is described as approximately 3 minutes from the Downtown Courthouses. Exterior access opens onto a landscaped private side patio through exterior doors.
The exterior includes a wrought iron fence with a rolling rear gate and nine secured private parking spaces. An 18' x 12' carriage house on-site provides additional storage and is included with the sale. C-3 zoning applies, and the seller is offering a rent-to-own arrangement; bus line access and signage availability are also noted. Included items are the refrigerator, kitchen fixtures, table and chairs, and optional office desks; computers and workstation equipment are not included.
Key Highlights
- Custom‑built single‑story office completed in 1997 (2,045 SF) with single tenancy
- C‑3 zoning on a 0.25‑acre lot with bus line access and signage available
- Move‑in‑ready interior with tongue‑and‑groove knotty pine ceilings, built‑in reception desk, and dedicated work area
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
$23,535
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
5.81%
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%
$470,700
$470.7K
Cap Rate 7%
$336,214
$336.2K
Cap Rate 9%
$261,500
$261.5K
Market Conditions
NOI Build-Up for 2,045 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
$40.5K $19.80/SF
− Vacancy
−$9.1K −$4.46/SF
EGI
$31.4K $15.35/SF
− OpEx
−$7.8K −$3.84/SF
NOI
$23.5K $11.51/SF
Area
ZIP 85705
Vacancy
22.50%
Lease Rate
$19.80 /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%
$470,700
Cap Rate 7%
$336,214
Cap Rate 9%
$261,500
Alternative Uses
Best Use
Office B
$336.2K
$294.2K – $392.3K
NOI $23,535 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.6K
$411.8K – $549.0K
NOI $32,941 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
Median Home Value
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story, custom-built 1997 office with private patio, secure parking, and a carriage house for storage.
Where is this office building located?
The property is located at 1210 N Stone Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Custom‑built single‑story office completed in 1997 (2,045 SF) with single tenancy; C‑3 zoning on a 0.25‑acre lot with bus line access and signage available; Move‑in‑ready interior with tongue‑and‑groove knotty pine ceilings, built‑in reception desk, and dedicated work area
