Renovated Corner
For Sale
$945,000
210 W Drachman Street, Tucson, AZ 85705
Updated retail storefront with modern building systems, security features, and central air on a corner lot.
Property Size3,200 SF
Price / SF$295.31
Days on Market265
Property Features for 210 W Drachman Street
General Information
Standard status
Active
Size
3,200 SF
Property subtype
General Commercial
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,188
Amenities
Central Air, Ceiling Fan(s)
3
Private.
TBD, 0.3400000035762787
Security Lighting. Paved Road.
Building Details
Year Built
1958
Buildings
1
Listing Agency:
OMNI Homes International
(520) 405-4201
Listed By:
Lauren Pew
(520) 405-4201
Source:
Xome
Added: Dec 9, 2025
Changed: Aug 30
Last Checked: Aug 31 at 1:42PM
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 OMNI Homes International
Investment Insights
Based on property information with market context.
This 3,200-square-foot storefront was built in 1958 and has undergone extensive renovation. Improvements include a rebuilt roof, updated electrical service and panels extending to the utility pole, new windows and doors, electric security shutters, restored concrete floors, security cameras, upgraded lighting, and new bathrooms. Central air and ceiling fans are also provided.
The property occupies a corner lot at 210 W Drachman Street in Tucson’s Miracle Mile area near the Drachman and Oracle intersection. It is close to the University of Arizona and downtown, directly across from Pima Community College, and near Tucson’s collection of vintage neon signs. The property is offered for sale, and the seller is open to a lease.
The property occupies a corner lot at 210 W Drachman Street in Tucson’s Miracle Mile area near the Drachman and Oracle intersection. It is close to the University of Arizona and downtown, directly across from Pima Community College, and near Tucson’s collection of vintage neon signs. The property is offered for sale, and the seller is open to a lease.
Key Highlights
- 3,200‑square‑foot storefront on a corner lot
- Built in 1958 with extensive building renovations
- Rebuilt roof and new electrical service, including panels to the utility pole
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
$31,345
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
3.32%
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%
$626,900
$626.9K
Cap Rate 7%
$447,786
$447.8K
Cap Rate 9%
$348,278
$348.3K
Market Conditions
NOI Build-Up for 3,200 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
$49.9K $15.60/SF
− Vacancy
−$5.1K −$1.61/SF
EGI
$44.8K $13.99/SF
− OpEx
−$13.4K −$4.20/SF
NOI
$31.3K $9.80/SF
Area
ZIP 85705
Vacancy
10.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
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%
$626,900
Cap Rate 7%
$447,786
Cap Rate 9%
$348,278
Alternative Uses
Best Use
Retail
$447.8K
$391.8K – $522.4K
NOI $31,345 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$736.4K
$644.3K – $859.1K
NOI $51,545 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
71k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 38%
Hotels & Casinos 3%
Electronics 2%
Starbucks
Dining
18,791 visits/mo
0.4 miles
Circle K
Shops & Services
18,121 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
14,347 visits/mo
0.3 miles
Eegee's
Dining
7,750 visits/mo
0.4 miles
Bank of America
Shops & Services
5,476 visits/mo
0.4 miles
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lily's Florals and Gifts — 710 W Carmen Pl, Tucson, AZ 85705
- Lily's Price Davis Flower Delivery — 1420 N Oracle Rd, Tucson, AZ 85705
Frequently Asked Questions
What type of property is this?
Storefront property - Updated retail storefront with modern building systems, security features, and central air on a corner lot.
Where is this storefront property located?
The property is located at 210 W Drachman Street Tucson, AZ.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 3,200‑square‑foot storefront on a corner lot; Built in 1958 with extensive building renovations; Rebuilt roof and new electrical service, including panels to the utility pole
