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    Tucson Commercial Property For Sale Title is generated by Realmo AI

    3760 N Commerce Dr, Tucson, AZ 85705

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    91,706 SF commercial property available in Tucson, Arizona.

    Type:Office, Industrial
    Property size:
    91,706 SF
    Price / SF:
    $141/SF
    Added:
    Nov 16, 2021
    Days on Market:
    1688
    Last Refresh:
    Mar 16 at 12:52 pm

    Property Features for 3760 N Commerce Dr

    General Information

    Standard status
    Active
    Size
    91,706 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1985

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    Stephen Cohen
    Stephen Cohen

    Listing office Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona

    Listing date Nov 16, 2021

    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 Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona

    HighLights

    • Established home built in 1985.

    Overview

    This commercial property, located in Tucson, Arizona, is available for sale. The property encompasses a total area of 91,706 square feet and is suitable for flex space, industrial, office units, office properties and spaces, warehouses, and other warehouse uses.

    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 $1.82M $19.80
    − Vacancy −$408.6k −$4.46
    EGI $1.41M $15.35
    − OpEx −$351.8k −$3.84
    NOI $1.06M $11.51
    91,706 SF · lease $19.80/SF/yr · vacancy 22.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $15.08M
    $13.19M – $17.59M (±1% cap)
    NOI $1,055,421 @ 7.0% cap · market cap 8.12%
    Second Best
    Warehouse
    $10.13M
    $8.87M – $11.82M (±1% cap)
    NOI $709,408 @ 7.0% cap · market cap 5.46%
    Theoretical Best
    Office A
    $21.10M
    $18.46M – $24.62M (±1% cap)
    NOI $1,477,186 @ 7.0% cap · market cap 11.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amazon warehouse MAZ2 Warehouse & Storage Concentrix Business To Business Service ATM Atm Marsden Services MAZ2 Warehouse & Storage Convergys Recruiting Employment Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon 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
    -111.0175575
    Latitude
    32.2758977

    FAQs

    What type of property is this?
    Flex space - 91,706 SF commercial property available in Tucson, Arizona.
    Where is this flex space located?
    The property is located at 3760 N Commerce Dr Tucson, AZ.
    What is the asking price?
    The asking price for this property is $13,000,000.
    What are key features of this property?
    This property features: Established home built in 1985.
    More about this property
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