Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    127 W Franklin St Tucson, AZ 85701

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

    High-quality professional office space in a restored historical residence.

    Property size:
    2,486 SF

    Property Features for 127 W Franklin St

    General Information

    Standard status
    Active
    Zoning
    O-3, Tucson
    Size
    2,486 SF

    Building Details

    Year built
    1881

    We can help!

    Listing Contact
    Thomas Nieman
    Thomas Nieman
    Source: Crexi

    Listing Agency: Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona Listing Agent: Thomas Nieman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Restored Historical Office Space

    This beautifully restored and remodeled historical residence offers high-quality professional office space. The property is located close to State, County, and City offices, as well as restaurants and other professional services. The layout is very efficient. On-site parking includes six covered and three uncovered spaces, with abundant street parking available. The property is within walking distance of courts, the streetcar, restaurants, shopping, and other amenities. It is adjacent to the Barraza-Aviation Parkway extension. The property size is 2486 square feet.
    Location Intelligence

    Current Use by Public Records

    Gadsden Co LLC Construction Company

    Suggested Use

    Real Estate Agency Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.9738752
    Latitude
    32.2263462

    Nearby Similar for Sale

    • $945,000
      3,200 SF

      Renovated Building in Historic Area

      Meticulously renovated commercial building in Tucson's historic 'Miracle Mile'.
      210 W Drachman St, Tucson, AZ 85705
      View Details
    • $1,499,000
      6,702 SF

      Versatile Retail/Industrial Property in Tucson

      Retail/industrial property with flexible spaces and warehouse, near amenities.
      261 W Fort Lowell Rd, Tucson, AZ 85705
      View Details
    • $470,000
      1,422 SF

      Charming Retail/Office Building Near U of A

      Historic 1,568 SF building suitable for retail or office use.
      629 E 9Th St, Tucson, AZ 85705
      View Details
    • $630,000
      3,257 SF

      Tucson Quadruplex Investment Opportunity

      Quadruplex on a large lot near entertainment and sports venues.
      1555 E Bernard Dr, Tucson, AZ 85714
      View Details
    • $299,000
      1,777 SF

      Remodeled Freestanding Central Office Building

      Remodeled office building with modern finishes, flexible space, and storage.
      727 N Swan Rd, Tucson, AZ 85711
      View Details
    • New
      $459,000
      2,600 SF

      Tucson Fourplex Investment Opportunity

      Fourplex with recent updates, central courtyard, and additional vacant lot.
      5653-5659 E 28Th St, Tucson, AZ 85711
      View Details
    • $795,000
      0.22 Acres

      Tucson Commercial Property with Renovations

      Renovated commercial property with MU zoning and parking.
      3452 E Milton Rd, Tucson, AZ 85706
      View Details
    • $550,000
      2,928 SF

      Tucson Fourplex with Fenced Yards

      Four-unit property in Tucson with yards and easy rental history.
      2812 N Fontana Ave, Tucson, AZ 85705
      View Details
    • $3,000,000
      9,126 SF

      Versatile Commercial Building in Tucson

      Freestanding 9,000 SF commercial building in central Tucson, Arizona.
      2549 N Oracle Rd, Tucson, AZ 85705
      View Details
    • $255,000
      1,476 SF

      Versatile Commercial Property with Storage

      Tucson commercial property with C2 zoning, storage, and offices.
      125 E Flores St, Tucson, AZ 85705
      View Details
    • $485,000
      2,013 SF

      Tucson Multi-Family Property For Sale

      Multi-family property near the University of Arizona.
      3025 N Olsen Ave, Tucson, AZ 85719
      View Details
    • $1,200,000
      3,690 SF

      Tucson Warehouse and Office Space

      Versatile commercial property with warehouse and office space on large lot.
      2200 W La Osa St, Tucson, AZ 85705
      View Details

    FAQs

    What type of property is this?
    Office building - High-quality professional office space in a restored historical residence.
    Where is this office building located?
    The property is located at 127 W Franklin St Tucson, AZ.
    What are key features of this property?
    This property features: - Restored and remodeled historical residence offering high-quality professional office space.; - Six covered and three uncovered on-site parking spaces with abundant street parking.; - Walking distance to Courts, streetcar, restaurants, shopping, and other amenities.
    (520) 546-2728
    Request Owner's contact information
    127 W Franklin St Tucson, AZ 85701
    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.
    127 W Franklin St
    Tucson, AZ 85701
    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
    127 W Franklin St Tucson, AZ 85701
    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

    We can help!
    Listing Contact
    Thomas Nieman
    Thomas Nieman
    Real Estate License ID: SA111064000
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!