41-Room Motel with Solar
For Sale
Contact for pricing
1990 South Craycroft Road, Tucson, AZ 85711
Renovated economy lodging property with upgraded exterior, roof, parking lot, guestroom FF&E, and EV charging.
Property Size13,771 SF
Price / SF$159.76
Days on Market55
Property Features for 1990 South Craycroft Road
General Information
Standard status
Active
Size
13,771 SF
Property subtype
Hospitality
Building Details
Year Built
1970
Year Renovated
2023
Stories
2
Listing Agency:
NewGen Advisory Phoenix
Listed By:
Jigar "Jay" Desai · License #AZ SA675144000
(520) 664-4091
Source:
Crexi
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 5 at 4:05PM
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 NewGen Advisory Phoenix
Investment Insights
Based on property information with market context.
Motel 6 is a 41-room economy hotel built in 1970 and renovated in 2022–2023. Improvements include a full exterior repaint, new solar panels, a replacement roof, an upgraded parking lot, guestroom FF&E, and EV charger enhancements. An attached manager’s quarters provides 2 bedrooms and 2 bathrooms alongside the office.
The property is located at 1990 South Craycroft Road in Tucson, Arizona. Demand sources identified for the asset include Davis-Monthan Air Force Base, the University of Arizona, corporate travel, leisure visitors, military-related travel, festivals, concerts, and annual events. Tucson’s visitor base also includes outdoor recreation, culinary tourism, and regional history and culture attractions.
The property is located at 1990 South Craycroft Road in Tucson, Arizona. Demand sources identified for the asset include Davis-Monthan Air Force Base, the University of Arizona, corporate travel, leisure visitors, military-related travel, festivals, concerts, and annual events. Tucson’s visitor base also includes outdoor recreation, culinary tourism, and regional history and culture attractions.
Key Highlights
- 41‑room Motel 6 economy hotel built in 1970
- Renovated in 2022–2023 with exterior repaint, roof, parking lot, and guestroom FF&E upgrades
- New solar panels and EV charger upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,024
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,060,480
$2.1M
Cap Rate 7%
$1,471,771
$1.5M
Cap Rate 9%
$1,144,711
$1.1M
Market Conditions
NOI Build-Up for 13,771 SF
Gross rent
$247.9K $18.00/SF
− Vacancy
−$31.0K −$2.25/SF
EGI
$216.9K $15.75/SF
− OpEx
−$113.9K −$8.27/SF
NOI
$103.0K $7.48/SF
Area
Tucson, AZ
Vacancy
12.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,060,480
Cap Rate 7%
$1,471,771
Cap Rate 9%
$1,144,711
Alternative Uses
Best Use
Hotel Hospitality
$1.47M
$1.29M – $1.72M
NOI $103,024 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,416 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Motel - Renovated economy lodging property with upgraded exterior, roof, parking lot, guestroom FF&E, and EV charging.
Where is this motel located?
The property is located at 1990 South Craycroft Road Tucson, AZ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 41‑room Motel 6 economy hotel built in 1970; Renovated in 2022–2023 with exterior repaint, roof, parking lot, and guestroom FF&E upgrades; New solar panels and EV charger upgrades
