Office Units with Covered
For Sale
Contact for pricing
1669 W Ina Rd, Tucson, AZ 85704
Office units feature covered patios in front and rear and are ready for immediate move-in.
Property Size4,358 SF
Price / SF$225
Days on Market177
Property Features for 1669 W Ina Rd
General Information
Standard status
Active
Size
4,358 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
covered patios
Listing Agency:
Volk Company Commercial Real Estate
(520) 326-3200
Listed By:
Dave Volk
(520) 235-3000
Source:
Moodyscre
Added: Mar 23
Changed: Aug 15
Last Checked: Sep 15 at 8:22AM
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 offering consists of office units with covered patios at both the front and rear, providing sheltered outdoor space for everyday use. The space is described as ready for immediate move-in.
The property is located on Ina Road in Northwest Tucson, between La Cholla and La Canada Rd. It is approximately one mile north of Northwest Medical Center, with easy access to Interstate 10 and Oracle Road (Hwy 77).
The configuration supports an office setup with outdoor patio areas on two sides, which can be useful for client-facing or employee break areas while remaining under cover.
The property is located on Ina Road in Northwest Tucson, between La Cholla and La Canada Rd. It is approximately one mile north of Northwest Medical Center, with easy access to Interstate 10 and Oracle Road (Hwy 77).
The configuration supports an office setup with outdoor patio areas on two sides, which can be useful for client-facing or employee break areas while remaining under cover.
Key Highlights
- Office units located on Ina Road in Northwest Tucson, between La Cholla and La Canada Rd
- 1 mile north of Northwest Medical Center
- Covered patios in front and rear
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
$63,681
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
6.49%
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%
$1,273,620
$1.3M
Cap Rate 7%
$909,729
$909.7K
Cap Rate 9%
$707,567
$707.6K
Market Conditions
NOI Build-Up for 4,358 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
$94.1K $21.60/SF
− Vacancy
−$9.2K −$2.12/SF
EGI
$84.9K $19.48/SF
− OpEx
−$21.2K −$4.87/SF
NOI
$63.7K $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%
$1,273,620
Cap Rate 7%
$909,729
Cap Rate 9%
$707,567
Alternative Uses
Best Use
Office B
$909.7K
$796.0K – $1.06M
NOI $63,681 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$990.6K – $1.32M
NOI $79,247 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
592
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Office units - Office units feature covered patios in front and rear and are ready for immediate move-in.
Where is this office units located?
The property is located at 1669 W Ina Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $980,550.
What are key features of this property?
This property features: Office units located on Ina Road in Northwest Tucson, between La Cholla and La Canada Rd; 1 mile north of Northwest Medical Center; Covered patios in front and rear
