East Fort Lowell Office
1980 East Fort Lowell Road Tucson, AZ 85719
For Sale
$1,500,000
Two-story office building with upgraded finishes and convenient central location.
Property Size8,054 SF
Price / SF$186.24
Days on Market125
Property Features for 1980 East Fort Lowell Road
General Information
Standard status
Active
Size
8,054 SF
Property subtype
Office
Listing Agency:
CBRE - Tucson
(520) 323-5181
Listed By:
Jeff Casper · License #AZSA518757000
(520) 323-5181
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 26 at 6:26AM
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 CBRE - Tucson
Investment Insights
Based on property information with market context.
Located at 1980 E. Ft. Lowell Rd, just east of Campbell Ave, this two-story office building offers approximately 8,054 square feet of space. Constructed in 2003, the property is zoned O-2 by the City of Tucson. It features 32 parking spaces, including 14 covered spaces. The building was custom-designed by a law firm and includes upgraded finishes. The first and second floors can be combined for a single user or divided for separate tenants. The second floor is accessible by elevator and stairs. Secure parking is available in both the front and back of the building. The location provides convenient central access to the U of A, the Foothills, and numerous amenities along restaurant row.
Key Highlights
- Convenient central location with easy access to U of A, the Foothills, and abundant amenities.
- Flexible space: 1st & 2nd floors can be combined or divided for separate tenants.
- Ample parking: 32 spaces, including 14 covered.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.0k | $21.60 |
| − Vacancy | −$17.0k | −$2.12 |
| EGI | $156.9k | $19.48 |
| − OpEx | −$39.2k | −$4.87 |
| NOI | $117.7k | $14.61 |
8,054 SF · lease $21.60/SF/yr · vacancy 9.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,688 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,457 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with upgraded finishes and convenient central location.
Where is this office building located?
The property is located at 1980 East Fort Lowell Road Tucson, AZ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Convenient central location with easy access to U of A, the Foothills, and abundant amenities.; Flexible space: 1st & 2nd floors can be combined or divided for separate tenants.; Ample parking: **32 spaces, including 14 covered.**
