Free-Standing Medical Office
For Sale
Contact for pricing
1261 N Wilmot Rd, Tucson, AZ 85712
Free-standing medical office building with a built-out layout, high-end finishes, and drive-up parking.
Property Size2,858 SF
Price / SF$243.18
Days on Market169
Property Features for 1261 N Wilmot Rd
General Information
Standard status
Active
Size
2,858 SF
Property subtype
Office
Zoning
O-3
Building Details
Stories
1
Units
1
Listing Agency:
Oxford Realty Advisors, Inc
Listed By:
Doug Marsh · License #AZ BR018593000
(520) 232-0200
Source:
Crexi
Added: Mar 31
Changed: Sep 11
Last Checked: Sep 15 at 6:15AM
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 Oxford Realty Advisors, Inc
Investment Insights
Based on property information with market context.
This free-standing medical office building features a well-designed built-out medical office layout with high-end finishes. The property is configured to support medical and office use and includes drive-up parking for convenient access.
The building is located with exposure to Wilmot Rd. near Speedway Blvd. It sits in a major medical/office corridor between TMC and St. Joseph’s Hospital, surrounded by numerous medical offices.
The information provided describes the existing improvements and site access, supporting a purpose-built medical office configuration in a concentrated healthcare and office area.
The building is located with exposure to Wilmot Rd. near Speedway Blvd. It sits in a major medical/office corridor between TMC and St. Joseph’s Hospital, surrounded by numerous medical offices.
The information provided describes the existing improvements and site access, supporting a purpose-built medical office configuration in a concentrated healthcare and office area.
Key Highlights
- High‑profile, free‑standing medical office building with exposure to Wilmot Rd.
- Drive‑up parking for convenient patient/client access.
- Well‑designed, built‑out medical office layout with high‑end finishes.
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
$41,762
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
6.01%
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%
$835,240
$835.2K
Cap Rate 7%
$596,600
$596.6K
Cap Rate 9%
$464,022
$464.0K
Market Conditions
NOI Build-Up for 2,858 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
$61.7K $21.60/SF
− Vacancy
−$6.0K −$2.12/SF
EGI
$55.7K $19.48/SF
− OpEx
−$13.9K −$4.87/SF
NOI
$41.8K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /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%
$835,240
Cap Rate 7%
$596,600
Cap Rate 9%
$464,022
Alternative Uses
Best Use
Office B
$596.6K
$522.0K – $696.0K
NOI $41,762 @ 7.0% cap · market cap 6.01%
Second Best
Healthcare Medical
$543.8K
$475.9K – $634.5K
NOI $38,069 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$742.4K
$649.6K – $866.2K
NOI $51,971 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,812
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Free-standing medical office building with a built-out layout, high-end finishes, and drive-up parking.
Where is this medical office space located?
The property is located at 1261 N Wilmot Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: High‑profile, free‑standing medical office building with exposure to Wilmot Rd.; Drive‑up parking for convenient patient/client access.; Well‑designed, built‑out medical office layout with high‑end finishes.
