Freestanding Retail
New
For Sale
$1,850,000
151 W Orange Grove Road, Tucson, AZ 85704
Brick commercial property with flexible interior space and CB-1 zoning near Oracle Road.
Property Size8,351 SF
Lot Size0.79 Acres
Price / SF$221.53
Days on Market2
Property Features for 151 W Orange Grove Road
General Information
Standard status
Active
Size
8,351 SF
Lot size
0.79 Acres
Property subtype
Commercial
Zoning
CB-1
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1974
Buildings
1
Building Size
8,351 SF
Construction
brick
Listing Agency:
Long Realty
Listed By:
Rob Lamb · License #1572
(520) 444-4411
Source:
Tucson-re
Added: Sep 7
Last Checked: Sep 7 at 2:51PM
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 Long Realty
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.
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 = 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
$122,028
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
6.60%
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%
$2,440,560
$2.4M
Cap Rate 7%
$1,743,257
$1.7M
Cap Rate 9%
$1,355,867
$1.4M
Market Conditions
NOI Build-Up for 8,351 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
$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 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%
$2,440,560
Cap Rate 7%
$1,743,257
Cap Rate 9%
$1,355,867
Alternative Uses
Best Use
Office B
$1.74M
$1.53M – $2.03M
NOI $122,028 @ 7.0% cap · market cap 6.60%
Second Best
Retail
$1.13M
$992.3K – $1.32M
NOI $79,380 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,857 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - 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
