Retail Space with Dedicated
218 N 4th Ave, Tucson, AZ 85705
For Sale
New
Contact for pricing
The Tucson property offers retail parking and proximity to the University of Arizona and downtown.
Property Size18,850 SF
Price / SF$228.12
Days on Market5
Property Features for 218 N 4th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
dedicated retail parking
Listing Agency:
Volk Company Commercial Real Estate
(520) 326-3200
Listed By:
Joey Castillo · License #SA687979000
(520) 495-2234
Source:
Moodyscre
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 6 at 10:45AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 18,850-square-foot retail property at 218 N 4th Ave includes dedicated parking for retail use. Its location on Historic 4th Ave places it near the University of Arizona and downtown Tucson. The property also fronts the 4th Avenue Street Fair, which takes place twice a year.
Key Highlights
- 18,850 square feet of retail space
- Dedicated parking for retail use
- Frontage on the 4th Avenue Street Fair, held twice per year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,640
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,692,800
$3.7M
Cap Rate 7%
$2,637,714
$2.6M
Cap Rate 9%
$2,051,556
$2.1M
Market Conditions
NOI Build-Up for 18,850 SF
Gross rent
$294.1K $15.60/SF
− Vacancy
−$30.3K −$1.61/SF
EGI
$263.8K $13.99/SF
− OpEx
−$79.1K −$4.20/SF
NOI
$184.6K $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 Rate 5%
$3,692,800
Cap Rate 7%
$2,637,714
Cap Rate 9%
$2,051,556
Alternative Uses
Best Use
Retail
$2.64M
$2.31M – $3.08M
NOI $184,640 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.34M
$3.80M – $5.06M
NOI $303,633 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,325
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Dining 30%
Apparel 27%
Home Improvements & Furnishings 10%
Del Taco
Dining
13,409 visits/mo
0.4 miles
Goodwill
Apparel
13,117 visits/mo
0.4 miles
Mister Car Wash
Shops & Services
10,587 visits/mo
0.3 miles
Ace Hardware
Home Improvements & Furnishings
5,006 visits/mo
0.5 miles
Caliber Collision
Shops & Services
2,661 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Tucson
Vacancy Rate% for Retail in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Retail space - The Tucson property offers retail parking and proximity to the University of Arizona and downtown.
Where is this retail space located?
The property is located at 218 N 4th Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 18,850 square feet of retail space; Dedicated parking for retail use; Frontage on the 4th Avenue Street Fair, held twice per year
