Listed By: Alex Demeroutis Show Phone

Source: Cbre

Added: Jul 11 Changed: Oct 14 Last Checked: Oct 14 at 10:22PM

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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 Alex Demeroutis

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Investment Insights

Based on property information with market context.

This storefront commercial building occupies a 1,800-square-foot property on approximately 1.0748 acres. The site carries SB2 zoning and is positioned at a prominent intersection in South Tucson.

The property is approximately 8 minutes from downtown Tucson and near the I-10 and I-19 corridors, providing access to citywide routes. Its storefront configuration and commercial zoning support evaluation for retail or mixed-use applications.

Key Highlights

• 1,800‑square‑foot storefront commercial building
• Approximately 1.0748‑acre site
• SB2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,735

Cap Rate

5.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$474,700 $474.7K

Cap Rate 7%

$339,071 $339.1K

Cap Rate 9%

$263,722 $263.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$36.1K $20.04/SF

− Vacancy

−$2.2K −$1.20/SF

EGI

$33.9K $18.84/SF

− OpEx

−$10.2K −$5.65/SF

NOI

$23.7K $13.19/SF

Area

ZIP 85713

Vacancy

6.00%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$474,700

Cap Rate 7%

$339,071

Cap Rate 9%

$263,722

Alternative Uses

Best Use

Retail

$339.1K

$296.7K – $395.6K (±1% cap)

NOI $23,735 @ 7.0% cap · market cap 5.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$440.6K

$385.6K – $514.1K (±1% cap)

NOI $30,845 @ 7.0% cap · market cap 7.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Luther Corley, MD Physician City Door Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Grocery & Convenience Store Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

619

Businesses Nearby

182k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 47% Dining 36% Shops & Services 12% Apparel 4%

El Super Groceries

56,704 visits/mo 0.4 miles

Food City Arizona Groceries

29,224 visits/mo 0.4 miles

Circle K Shops & Services

14,214 visits/mo 0.3 miles

Panda Express Dining

14,053 visits/mo 0.4 miles

Jack in the Box Dining

12,675 visits/mo 0.4 miles

Demographics for 85713, AZ

46,810

Population

19,056

Households

2.5

Avg Household Size

38

Median Age

21%

College-Educated

79%

High-School Grad

23.8 sq mi

ZIP Area

1,967

Density / Sq Mi

$50,264

Median Household Income

$32,302

Median Earnings

$1,017

Median Rent

$171,700

Median Home Value

Market

Vacancy Rate% for Retail in Tucson, AZ

7.4% 2019

8.3% 2020

7.5% 2021

6.8% 2022

6.5% 2023

6.4% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Storefront commercial building with SB2 zoning at a prominent South Tucson intersection.

Where is this storefront property located?

The property is located at 2800 South 4th Avenue Tucson, AZ.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: 1,800‑square‑foot storefront commercial building; Approximately 1.0748‑acre site; SB2 zoning