Industrial Warehouse with Office
For Sale
$1,200,000
2660 West Zinnia Avenue, Tucson, AZ 85705
Grade level and dock high doors, strong power, and office space support a wide range of industrial operations.
Property Size7,000 SF
Days on Market99
Property Features for 2660 West Zinnia Avenue
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
1
Drive-In Doors
3
Heavy Power
Yes
Building Details
Building Size
7,000 SF
Listed By:
Joe Jones
(480) 257-7900
Source:
Tcnworldwide
Added: Jun 3
Changed: Sep 6
Last Checked: Sep 8 at 5:29AM
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 Joe Jones
Investment Insights
Based on property information with market context.
This for-sale industrial facility includes warehouse and office improvements designed to support day-to-day operations. The warehouse features three 16’x20’ grade level doors and one 12’x10’ dock high door, along with a clear height range of 15’ to 20’. Power includes 277/480v 3-phase service, and the property offers a 3-ton bridge crane and an EVAP cooled warehouse. Interior office space is set up with a reception area, three private offices, an open office, a conference room, and a break room, plus a dedicated warehouse office, two ADA compliant restrooms, and additional warehouse office space.
Operational access is supported by two points of ingress/egress and a partially paved yard. The yard also has electricity and water hookups. The property is fenced and secured, with a camera system in place. Warehouse racking can remain on site, supporting continuity for tenants or buyers who want to maintain existing storage configurations.
The combination of multiple loading options, meaningful overhead handling capacity via the bridge crane, and built-in office support makes the property well-suited for industrial users that require both warehouse functionality and on-site administrative space. EVAP cooling and robust electrical service further support operations where environmental control and dependable power are important.
Operational access is supported by two points of ingress/egress and a partially paved yard. The yard also has electricity and water hookups. The property is fenced and secured, with a camera system in place. Warehouse racking can remain on site, supporting continuity for tenants or buyers who want to maintain existing storage configurations.
The combination of multiple loading options, meaningful overhead handling capacity via the bridge crane, and built-in office support makes the property well-suited for industrial users that require both warehouse functionality and on-site administrative space. EVAP cooling and robust electrical service further support operations where environmental control and dependable power are important.
Key Highlights
- Warehouse has three 16’ x 20’ grade level doors and one 12’ x 10’ dock high door for loading access
- Clear height of 15’–20’ with 277/480V 3‑phase power supply
- 3‑ton bridge crane and EVAP cooled warehouse
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
$54,150
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
4.51%
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%
$1,083,000
$1.1M
Cap Rate 7%
$773,571
$773.6K
Cap Rate 9%
$601,667
$601.7K
Market Conditions
NOI Build-Up for 7,000 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
$67.2K $9.60/SF
− Vacancy
−$3.5K −$0.50/SF
EGI
$63.7K $9.10/SF
− OpEx
−$9.6K −$1.37/SF
NOI
$54.1K $7.74/SF
Area
ZIP 85705
Vacancy
5.20%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,083,000
Cap Rate 7%
$773,571
Cap Rate 9%
$601,667
Alternative Uses
Best Use
Warehouse
$773.6K
$676.9K – $902.5K
NOI $54,150 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,755 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Warehouse - Grade level and dock high doors, strong power, and office space support a wide range of industrial operations.
Where is this warehouse located?
The property is located at 2660 West Zinnia Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Warehouse has three 16’ x 20’ grade level doors and one 12’ x 10’ dock high door for loading access; Clear height of 15’–20’ with 277/480V 3‑phase power supply; 3‑ton bridge crane and EVAP cooled warehouse
