Building Details

Year Built 1974

Buildings 1

Building Size 8,351 SF

Construction brick

Listing Agency: Long Realty

Listed By: Rob Lamb · License #1572 Show Phone

Source: Tucson-re

Added: Sep 7 Changed: Oct 3 Last Checked: Oct 23 at 4:06AM

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Investment Insights

Based on property information with market context.

This freestanding brick commercial building contains 8,351 SF on 0.793 AC and was constructed in 1974. The former daycare and preschool layout provides adaptable interior space for a variety of commercial uses, with 800-amp, 240V, 3-phase electrical service supporting the property’s infrastructure needs. CB-1 zoning adds a defined commercial land-use framework.

The property is located at the intersection of Oracle Road and Orange Grove Road, with access from Orange Grove Road and proximity to Oracle Road. Its freestanding configuration, substantial electrical service, and existing interior layout provide a practical foundation for continued commercial occupancy or adaptive reuse.

Key Highlights

• 8,351 SF freestanding commercial building on 0.793 AC
• CB‑1 zoning
• 800‑amp, 240V, 3‑phase electrical service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$122,028

Cap Rate

6.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,440,560 $2.4M

Cap Rate 7%

$1,743,257 $1.7M

Cap Rate 9%

$1,355,867 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,351 SF

Gross rent

$180.4K $21.60/SF

− Vacancy

−$17.7K −$2.12/SF

EGI

$162.7K $19.48/SF

− OpEx

−$40.7K −$4.87/SF

NOI

$122.0K $14.61/SF

Area

Tucson, AZ

Vacancy

9.80%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,440,560

Cap Rate 7%

$1,743,257

Cap Rate 9%

$1,355,867

Alternative Uses

Best Use

Office B

$1.74M

$1.53M – $2.03M (±1% cap)

NOI $122,028 @ 7.0% cap · market cap 6.60%

Second Best

Retail

$1.13M

$992.3K – $1.32M (±1% cap)

NOI $79,380 @ 7.0% cap · market cap 4.29%

Theoretical Best

Office A

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $151,857 @ 7.0% cap · market cap 8.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Redbox Cinema Learn & Play Daycare ... Daycare Center

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Restaurant Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

860

Businesses Nearby

Explore this area Business Placement

Demographics for 85704, AZ

34,430

Population

17,827

Households

1.9

Avg Household Size

49

Median Age

51%

College-Educated

95%

High-School Grad

18.2 sq mi

ZIP Area

1,892

Density / Sq Mi

$76,915

Median Household Income

$43,684

Median Earnings

$1,424

Median Rent

$389,000

Median Home Value

Market

Vacancy Rate% for Office in Tucson, AZ

8.9% 2019

9.1% 2020

9.6% 2021

10% 2022

8.8% 2023

10.2% 2024

9.5% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Brick commercial property with flexible interior space and CB-1 zoning near Oracle Road.

Where is this retail space located?

The property is located at 151 W Orange Grove Road Tucson, AZ.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: 8,351 SF freestanding commercial building on 0.793 AC; CB‑1 zoning; 800‑amp, 240V, 3‑phase electrical service