Office Units with
For Sale
$549,000
2648 N Campbell Ave, Tucson, AZ 85719
Infill office property with on-site parking near medical, retail, residential, and public transportation amenities.
Property Size2,340 SF
Price / SF$234.62
Days on Market160
Property Features for 2648 N Campbell Ave
General Information
Standard status
Active
Size
2,340 SF
Total Parking Spaces
12
Property subtype
Commercial
Additional Details
Public Transit
Yes
Building Details
Year Built
1955
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Matthew 'Matt' E Bollinger
Source:
Exploretucsonproperties
Added: May 9
Changed: Oct 1
Last Checked: Oct 14 at 11:38PM
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 Realty Executives Arizona Territory
Investment Insights
Based on property information with market context.
This office property at 2648 N Campbell Ave includes 2,340 square feet and was built in 1955. The asset provides 12 parking spaces and is positioned for office, medical, nonprofit, or service-oriented occupancy, as well as an owner-user arrangement.
The property is located along Campbell Avenue in Tucson, near the University of Arizona, Banner University Medical Center, Midtown, and Downtown. Major retailers, restaurants, established residential areas, and public transportation are also nearby, placing the office in a setting supported by multiple daily-use destinations and transit access.
The property is located along Campbell Avenue in Tucson, near the University of Arizona, Banner University Medical Center, Midtown, and Downtown. Major retailers, restaurants, established residential areas, and public transportation are also nearby, placing the office in a setting supported by multiple daily-use destinations and transit access.
Key Highlights
- 2,340‑square‑foot office property built in 1955
- 12 on‑site parking spaces
- 2648 N Campbell Ave, Tucson, AZ 85719
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,193
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,860
$683.9K
Cap Rate 7%
$488,471
$488.5K
Cap Rate 9%
$379,922
$379.9K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$50.5K $21.60/SF
− Vacancy
−$5.0K −$2.12/SF
EGI
$45.6K $19.48/SF
− OpEx
−$11.4K −$4.87/SF
NOI
$34.2K $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%
$683,860
Cap Rate 7%
$488,471
Cap Rate 9%
$379,922
Alternative Uses
Best Use
Office B
$488.5K
$427.4K – $569.9K
NOI $34,193 @ 7.0% cap · market cap 6.23%
Second Best
Retail
$317.8K
$278.0K – $370.7K
NOI $22,243 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$607.9K
$531.9K – $709.2K
NOI $42,551 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Explore this area
Business Placement
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Office units - Infill office property with on-site parking near medical, retail, residential, and public transportation amenities.
Where is this office units located?
The property is located at 2648 N Campbell Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,340‑square‑foot office property built in 1955; 12 on‑site parking spaces; 2648 N Campbell Ave, Tucson, AZ 85719
