Auto Shop with Fenced
For Sale
$560,000
3231 E Columbia Street, Tucson, AZ 85714
Established automotive repair property with fenced parking, security lighting, and additional storage.
Property Size3,880 SF
Price / SF$144.33
Days on Market526
Property Features for 3231 E Columbia Street
General Information
Standard status
Active
Size
3,880 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,869
Amenities
Heat Pump, Evaporative
3
11 Parking Spaces. Public, Fenced.
irregular, 0.36000001430511475
Security Lighting, Extra Storage. Gravel Road, Paved Road.
Building Details
Year Built
1976
Listing Agency:
eXp Realty
(520) 591-7233
Listed By:
Steven Washburn
(520) 591-7233
Source:
Xome
Added: Mar 24, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:31PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This established auto body repair property includes real estate only and offers a practical setup for continued automotive service use. The improvements date to 1976 and include heat pump and evaporative cooling. Exterior features include security lighting, extra storage, and fenced public parking.
The property is located near the I-10 and Palo Verde area, within the Gem Show and Kino Sports Complex area. Access includes both paved and gravel roads. The site contains 11 parking spaces, and the transaction may accommodate either a rent-back arrangement or relocation, depending on the parties’ objectives.
The property is located near the I-10 and Palo Verde area, within the Gem Show and Kino Sports Complex area. Access includes both paved and gravel roads. The site contains 11 parking spaces, and the transaction may accommodate either a rent-back arrangement or relocation, depending on the parties’ objectives.
Key Highlights
- Established auto body repair location near I‑10 and Palo Verde
- 3,880 property size with real estate only
- 11 parking spaces with public, fenced parking
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
$36,881
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
6.59%
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%
$737,620
$737.6K
Cap Rate 7%
$526,871
$526.9K
Cap Rate 9%
$409,789
$409.8K
Market Conditions
NOI Build-Up for 3,880 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
$55.9K $14.40/SF
− Vacancy
−$3.2K −$0.82/SF
EGI
$52.7K $13.58/SF
− OpEx
−$15.8K −$4.07/SF
NOI
$36.9K $9.51/SF
Area
Tucson, AZ
Vacancy
5.70%
Lease Rate
$14.40 /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%
$737,620
Cap Rate 7%
$526,871
Cap Rate 9%
$409,789
Alternative Uses
Best Use
Retail
$526.9K
$461.0K – $614.7K
NOI $36,881 @ 7.0% cap · market cap 6.59%
Second Best
Industrial
$401.7K
$351.5K – $468.6K
NOI $28,116 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.01M
$881.9K – $1.18M
NOI $70,555 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,567
Businesses Nearby
43k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 29%
Home Improvements & Furnishings 2%
Electronics 1%
Circle K
Shops & Services
11,612 visits/mo
0.5 miles
Circle K
Shops & Services
11,277 visits/mo
0.3 miles
Burger King
Dining
11,046 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,398 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
1,840 visits/mo
0.4 miles
Demographics for 85714, AZ
14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive repair property with fenced parking, security lighting, and additional storage.
Where is this auto shop located?
The property is located at 3231 E Columbia Street Tucson, AZ.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Established auto body repair location near I‑10 and Palo Verde; 3,880 property size with real estate only; 11 parking spaces with public, fenced parking
