Retail Strip in Tucson,
For Sale
$9,100,000
1280 West Prince Road, Tucson, AZ 85705
77,179 SF retail strip with high traffic and visibility.
Property Size77,179 SF
Price / SF$117.91
Days on Market172
Property Features for 1280 West Prince Road
General Information
Standard status
Active
Size
77,179 SF
Property subtype
Retail
Site & Location
Neighborhood
Flowing Wells
Listing Agency:
Newmark | Phoenix
Listed By:
Steve Julius
(602) 770-3245
Source:
Nmrk
Added: May 14
Changed: Oct 25
Last Checked: Nov 1 at 4:56AM
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 Newmark | Phoenix
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 77,179 square foot retail strip located at the northeast corner of Prince Road and Flowing Wells Road in Tucson, Arizona. It is situated in a high traffic corridor and features high visibility frontage. The property offers upside potential and has a daily needs tenant mix.
Key Highlights
- High traffic corridor ensures constant exposure
- Daily needs tenant mix provides reliable customer base
- High visibility frontage attracts attention
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$755,987
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,119,740
$15.1M
Cap Rate 7%
$10,799,814
$10.8M
Cap Rate 9%
$8,399,856
$8.4M
Market Conditions
NOI Build-Up for 77,179 SF
Gross rent
$1.20M $15.60/SF
− Vacancy
−$124.0K −$1.61/SF
EGI
$1.08M $13.99/SF
− OpEx
−$324.0K −$4.20/SF
NOI
$756.0K $9.80/SF
Area
ZIP 85705
Vacancy
10.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,119,740
Cap Rate 7%
$10,799,814
Cap Rate 9%
$8,399,856
Alternative Uses
Best Use
Retail
$10.80M
$9.45M – $12.60M
NOI $755,987 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.76M
$15.54M – $20.72M
NOI $1,243,187 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
111k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Groceries 40%
Apparel 7%
Electronics 2%
Food City Arizona
Groceries
44,528 visits/mo
0.4 miles
Circle K
Shops & Services
16,324 visits/mo
0.5 miles
Dollar Tree
Shops & Services
12,094 visits/mo
0.0 miles
Wells Fargo
Shops & Services
10,475 visits/mo
0.1 miles
Family Dollar
Shops & Services
8,269 visits/mo
0.0 miles
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Strip mall - 77,179 SF retail strip with high traffic and visibility.
Where is this strip mall located?
The property is located at 1280 West Prince Road Tucson, AZ.
What is the asking price?
The asking price for this property is $9,100,000.
What are key features of this property?
This property features: High traffic corridor ensures constant exposure; Daily needs tenant mix provides reliable customer base; High visibility frontage attracts attention
