Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3280 E Hemisphere Loop Tucson, AZ 85706

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    82,737 SF multi-tenant industrial building for lease.

    Type:Industrial
    Property size:
    82,737 SF
    Lot size:
    5.50 Acres
    Added:
    Feb 15, 2023
    Days on Market:
    1144
    Last Refresh:
    Mar 16 at 10:23 am

    Property Features for 3280 E Hemisphere Loop

    General Information

    Standard status
    Active
    Size
    82,737 SF
    Lot size
    5.50 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 3280 E Hemisphere Loop Contact us

    Suite 100 $0.85 /Mo

    Size
    4,082 SF
    Type
    Industrial
    Small office and warehouse
    Contact us

    We can help!

    Listing Contact
    Tim Healy
    Tim Healy

    Listing agent Tim Healy License #AZSA045285000

    Listing office CBRE - Tucson

    Listing date Feb 15, 2023

    Source Crexi

    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

    Overview

    Industrial Building in Tucson, Arizona

    The property is an 82,737 square foot multi-tenant industrial building situated on approximately 5.5 acres. Constructed with tilt-up concrete, the building features contemporary architectural elements and a clear height of approximately 16 feet. It is fully sprinklered and zoned I-1 for light industrial use by the City of Tucson. The property provides 199 parking spaces, including 44 covered spaces. Fiber optic connectivity is available through Cox Cable, T-1, and Time Warner Fiber.
    Location Intelligence

    Current Use by Public Records

    Ruda Optical Inc. Engineering Consultant BlackPoint IT Computer Support And Services AVI-SPL IT Consulting Firm Heavenly Shine LLC General Contractor UmbrellaLabs.is Research And Product Development

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.921108
    Latitude
    32.13474

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space in Tucson

      2600 SF commercial space suitable for various business uses.
      2841 N Campbell Avenue, Tucson, AZ 85719
      View Details
    • $16/mo

      Tucson Commercial Space For Rent

      1400 SF commercial space in vibrant Tucson location.
      919 N Stone Avenue unit: 1102, Tucson, AZ 85705
      View Details
    • $12/mo

      High-Traffic Retail Space Available

      Retail space with drive-thru in high-visibility Tucson location.
      2901 N Country Club Road, Tucson, AZ 85716
      View Details
    • Contact for pricing

      Midtown Tucson Office/Warehouse with Apartment

      Unique industrial property with office, warehouse, and apartment.
      3365 N Dodge Boulevard, Tucson, AZ 85716
      View Details
    • Contact for pricing

      Renovated Commercial Building with Yard

      Turnkey 2,600 SF commercial space with C1 zoning.
      6470 E 22nd Street, Tucson, AZ 85710
      View Details
    • Contact for pricing

      Historic 4th Avenue Retail Space

      Open retail/office space near streetcar, new housing, and iconic businesses.
      419 N 4th Avenue, Tucson, AZ 85705
      View Details
    • $22/mo

      Retail and Office Space Available

      Retail and office suites in established Tucson shopping center.
      1101 N Wilmot Road, Tucson, AZ 85712
      View Details
    • Contact for pricing

      Downtown Tucson Classic Office Building

      Two-story office building ideal for law, finance, and insurance firms.
      360 N Court Avenue, Tucson, AZ 85701
      View Details
    • $23/mo

      Restaurant Space with Large Kitchen

      Second generation restaurant space available for sublease in Tucson.
      8320 N Thornydale #110 Road unit: 110, Tucson, AZ 85741
      View Details
    • $20/mo

      Professional Office Space Available

      Well-maintained office property with ample parking and recent improvements.
      2761 N Country Club Rd, Tucson, AZ 85747
      View Details
    • $1.00/mo

      Versatile Industrial Warehouse with Storefront

      1,815 SF retail/warehouse space with storefront and loading area.
      3455 South Palo Verde Road, Tucson, AZ, 85713
      View Details
    • $15/mo

      Retail Space Near University

      Retail spaces available near the University of Arizona.
      300 East 6th Street, Tucson, AZ, 85705
      View Details

    FAQs

    What type of property is this?
    Industrial property - 82,737 SF multi-tenant industrial building for lease.
    Where is this industrial property located?
    The property is located at 3280 E Hemisphere Loop Tucson, AZ.
    What are key features of this property?
    This property features: Large ±82,737 SF multi‑tenant industrial building on ±5.5 acres.; Ample parking with 199 spaces, including 44 covered spaces.; Tilt‑up concrete construction with contemporary architectural features.
    (520) 247-9194 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Healy
    Tim Healy
    Real Estate License ID: AZSA045285000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!