Medical Office Condominium
1702 W Anklam Rd Tucson, AZ 85745
For Sale
Contact for pricing
Corner medical office suite with four exam rooms, patient parking, and two reserved covered spaces.
Property Size1,276 SF
Price / SF$214.73
Days on Market768
Property Features for 1702 W Anklam Rd
General Information
Standard status
Active
Size
1,276 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Tucson
(520) 323-5136
Listed By:
David Montijo
Source:
Moodyscre
Added: Jun 21, 2024
Changed: Jul 25
Last Checked: Jul 25 at 9:50PM
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 highly efficient medical office condominium suite includes four (4) exam rooms, configured for outpatient exam use. The suite is offered within St. Mary’s Medical Plaza.
The space is located on the Carondelet St. Mary’s Hospital campus as an adjacent unit to St. Mary’s Hospital. The suite features a corner location with up front patient parking, along with two (2) reserved, covered parking spaces.
As a condo within the medical plaza, the layout is designed around exam room capacity, supporting straightforward medical office operations within an established hospital-adjacent setting.
The space is located on the Carondelet St. Mary’s Hospital campus as an adjacent unit to St. Mary’s Hospital. The suite features a corner location with up front patient parking, along with two (2) reserved, covered parking spaces.
As a condo within the medical plaza, the layout is designed around exam room capacity, supporting straightforward medical office operations within an established hospital-adjacent setting.
Key Highlights
- Corner medical office suite with four exam rooms
- Located on the Carondelet St. Mary’s Hospital campus, in St. Mary’s Medical Plaza
- Up front patient parking for the corner suite
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 | $27.6k | $21.60 |
| − Vacancy | −$2.7k | −$2.12 |
| EGI | $24.9k | $19.48 |
| − OpEx | −$6.2k | −$4.87 |
| NOI | $18.6k | $14.61 |
1,276 SF · lease $21.60/SF/yr · vacancy 9.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$266.4K
$233.1K – $310.8K
NOI $18,645 @ 7.0% cap · market cap 6.80%
Second Best
Healthcare Medical
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$331.5K
$290.0K – $386.7K
NOI $23,203 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- St. Marys Animal Clinic — 1010 W St Marys Rd, Tucson, AZ 85745
Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner medical office suite with four exam rooms, patient parking, and two reserved covered spaces.
Where is this medical office space located?
The property is located at 1702 W Anklam Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $274,000.
What are key features of this property?
This property features: Corner medical office suite with four exam rooms; Located on the Carondelet St. Mary’s Hospital campus, in St. Mary’s Medical Plaza; Up front patient parking for the corner suite
