Medical Office Suite with Exam
1980 W Hospital Dr Unit 300, Tucson, AZ 85741
For Sale
$256,000
The third-floor suite includes private offices, patient exam rooms, reception, and a waiting area.
Property Size1,280 SF
Price / SF$200
Days on Market556
Property Features for 1980 W Hospital Dr Unit 300
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Additional Details
Floor
Office Units
Property Use
Building Details
Year Built
Buildings
Stories
Tenancy
Owner Occupied
Listing Agency:
Bowles Realty and Investments LLC
Listed By:
Charles W Bowles
(520) 404-8989
Source:
Viewtucsonhomesforsale
Added: May 4, 2025
Changed: Nov 10
Last Checked: Nov 10 at 2:25PM
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 Bowles Realty and Investments LLC
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Investment Insights
Based on property information with market context.
This 1,280-square-foot medical office suite is configured with 2 private offices and 3 exam rooms, along with a waiting area, reception with two service windows, a kitchen, and a bathroom. The suite occupies the third floor of a three-story building constructed in 1986 and is the first unit encountered when exiting the elevator.
Hospital entry is on the building’s first floor. Surface and garage parking are available. A lease-purchase option is offered.
Hospital entry is on the building’s first floor. Surface and garage parking are available. A lease-purchase option is offered.
Key Highlights
- 1,280‑square‑foot medical suite with 2 private offices and 3 exam rooms
- Reception area with two service windows, plus a waiting room
- Kitchen and bathroom within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,704
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,080
$374.1K
Cap Rate 7%
$267,200
$267.2K
Cap Rate 9%
$207,822
$207.8K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$27.6K $21.60/SF
− Vacancy
−$2.7K −$2.12/SF
EGI
$24.9K $19.48/SF
− OpEx
−$6.2K −$4.87/SF
NOI
$18.7K $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 Rate 5%
$374,080
Cap Rate 7%
$267,200
Cap Rate 9%
$207,822
Alternative Uses
Best Use
Office B
$267.2K
$233.8K – $311.7K
NOI $18,704 @ 7.0% cap · market cap 7.31%
Second Best
Healthcare Medical
$243.6K
$213.1K – $284.2K
NOI $17,050 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$332.5K
$291.0K – $387.9K
NOI $23,276 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 85741, AZ
34,131
Population
14,985
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
92%
High-School Grad
9.5 sq mi
ZIP Area
3,593
Density / Sq Mi
$71,812
Median Household Income
$44,480
Median Earnings
$1,474
Median Rent
$268,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Tucson, AZ
Properties on Market for Medical Office Space in Tucson
Vacancy Rate% for Office in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The third-floor suite includes private offices, patient exam rooms, reception, and a waiting area.
Where is this medical office space located?
The property is located at 1980 W Hospital Dr Unit 300 Tucson, AZ.
What is the asking price?
The asking price for this property is $256,000.
What are key features of this property?
This property features: 1,280‑square‑foot medical suite with 2 private offices and 3 exam rooms; Reception area with two service windows, plus a waiting room; Kitchen and bathroom within the suite
