Downtown Tucson Warehouse with Redevelopment
530 North 7th Avenue Tucson, AZ 85705
For Sale
$995,000
Warehouse with redevelopment potential in a central Tucson location.
Property Size4,000 SF
Lot Size0.56 Acres
Price / SF$248.75
Days on Market123
Property Features for 530 North 7th Avenue
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.56 Acres
- Property subtype
- Industrial
Listing Agency:
CBRE | Tucson
(520) 323-5177
Listed By:
John Ash
(520) 323-5177
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 25 at 2:21AM
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 features a warehouse and covered workspace/garage on approximately 0.56 acres of land. The warehouse, constructed in 1948, measures approximately 4,000 square feet (40'x100'), while the covered workspace/garage provides an additional 4,800 square feet (40'x120'). The property is located in a downtown/central area near the freeway and Downtown Links, offering convenient access to the east via Aviation Highway. Its proximity to the University of Arizona and Downtown Tucson further enhances its appeal. The C-3 zoning allows for quasi-industrial uses and redevelopment opportunities. The property is located within Census Track 04019000400 and is part of the Infill Incentive District (GIIS)-Downtown Links Subdistrict (DLS)- Stone/Sixth Street Sub-Area (SSS), Sixth Street Sub-Area (SSS) Opportunity Zone. The Assessor Parcel Number is 114-04-238A.
Key Highlights
- Great Downtown/Central Location near Freeway and Downtown Links.
- C‑3 Zoning allows for quasi industrial uses and redevelopment opportunities.
- Land Size: ±24,394 SF or ±0.56 Acres.
Financial Insights For Warehouse
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 | $38.4k | $9.60 |
| − Vacancy | −$2.0k | −$0.50 |
| EGI | $36.4k | $9.10 |
| − OpEx | −$5.5k | −$1.37 |
| NOI | $30.9k | $7.74 |
4,000 SF · lease $9.60/SF/yr · vacancy 5.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$442.0K
$386.8K – $515.7K
NOI $30,943 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$386.8K
$338.4K – $451.3K
NOI $27,075 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$920.4K
$805.4K – $1.07M
NOI $64,431 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Arizona Fleet Rebuilders
Auto Repair Shop
AFR Collision And Refinish
Auto Repair Shop
Similar Off Market Nearby
- Swift & Gentle Moving+Storage — 1 S Church Ave, Tucson, AZ 85701
- Wildcat Storage LLC — 657 W St Marys Rd, Tucson, AZ 85701
- Tucson Document Scanning — 1 S Church Ave, Tucson, AZ 85701
- Self-Storage at U-Haul — 450 N Freeway, Tucson, AZ 85701
FAQs
What type of property is this?
Warehouse - Warehouse with redevelopment potential in a central Tucson location.
Where is this warehouse located?
The property is located at 530 North 7th Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Great Downtown/Central Location near Freeway and Downtown Links.; C‑3 Zoning allows for quasi industrial uses and redevelopment opportunities.; Land Size: ±24,394 SF or ±0.56 Acres.
