Retail
New
For Sale
Contact for pricing
1309-1345 W Ajo Way, Tucson, AZ 85713
C-2-zoned retail space with a 2013 construction date.
Property Size9,164 SF
Price / SF$185.51
Days on Market6
Property Features for 1309-1345 W Ajo Way
General Information
Standard status
Active
Size
9,164 SF
Property subtype
Retail
Zoning
C-2 Tucson/Pima County
Building Details
Year Built
2013
Buildings
1
Listing Agency:
Volk Company Commercial Real Estate
(520) 495-3220
Listed By:
Andreas Castillo · License #SA 669705000
Source:
Crexi
Added: Aug 7
Changed: Aug 12
Last Checked: Aug 12 at 5:08AM
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 Volk Company Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail property comprises 9,164 square feet and was built in 2013. The asset is classified as retail space and carries C-2 zoning designated for Tucson/Pima County.
The property is located at 1309-1345 W Ajo Way in Tucson, Arizona 85713, providing a defined address for retail use within the market.
The property is located at 1309-1345 W Ajo Way in Tucson, Arizona 85713, providing a defined address for retail use within the market.
Key Highlights
- 9,164‑square‑foot retail property
- Built in 2013
- C‑2 zoning for Tucson/Pima County
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
$120,839
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
7.11%
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%
$2,416,780
$2.4M
Cap Rate 7%
$1,726,271
$1.7M
Cap Rate 9%
$1,342,656
$1.3M
Market Conditions
NOI Build-Up for 9,164 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
$183.6K $20.04/SF
− Vacancy
−$11.0K −$1.20/SF
EGI
$172.6K $18.84/SF
− OpEx
−$51.8K −$5.65/SF
NOI
$120.8K $13.19/SF
Area
ZIP 85713
Vacancy
6.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
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%
$2,416,780
Cap Rate 7%
$1,726,271
Cap Rate 9%
$1,342,656
Alternative Uses
Best Use
Retail
$1.73M
$1.51M – $2.01M
NOI $120,839 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,034 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
153k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 32%
Dining 8%
QuikTrip
Shops & Services
55,684 visits/mo
0.2 miles
Fry's
Groceries
49,366 visits/mo
0.5 miles
Mister Car Wash
Shops & Services
16,954 visits/mo
0.2 miles
Burger King
Dining
12,176 visits/mo
0.2 miles
Dollar General
Shops & Services
12,128 visits/mo
0.1 miles
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - C-2-zoned retail space with a 2013 construction date.
Where is this retail space located?
The property is located at 1309-1345 W Ajo Way Tucson, AZ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9,164‑square‑foot retail property; Built in 2013; C‑2 zoning for Tucson/Pima County
