Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    2840 E Skyline Dr Tucson, AZ 85718

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial space in Tucson's Catalina Foothills near La Encantada.

    Type:Office
    Added:
    Nov 28, 2018
    Days on Market:
    2709
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 2840 E Skyline Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    John Yarborough
    John Yarborough

    Listing agent John Yarborough License #AZ SA040432000

    Listing office Paul Ash Commercial Real Estate

    Listing date Nov 28, 2018

    Source Crexi

    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 Paul Ash Commercial Real Estate

    Overview

    Catalina Foothills Commercial Space

    Plaza Colonial, situated at the southwest corner of Campbell Avenue and Skyline Drive in Tucson's Catalina Foothills, offers a mix of professional office and retail spaces. The property is located across from La Encantada Mall. The center includes professional office space, fine dining options, clothing boutiques, and salons. The architectural style is Spanish colonial, characterized by varying forms, textures, and materials. The property consists of 4 buildings that surround a central courtyard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Amy Clark Pediatrician Sunstreet Mortgage, LLC ... Loan Service Myron Rottenstein, CFP, ... Financial Advisor Gerard Freeh - UBS ... Financial Advisor Machelle Strand Pediatrician

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.9308249
    Latitude
    32.3219616

    Nearby Similar for Lease

    • $1,295/Mo

      Executive Office Suite For Rent

      First floor office suite with shared amenities in Tucson.
      3275 W Ina Road, Tucson, AZ 85741
      View Details
    • $3,250/Mo

      Versatile Commercial Space in Tucson

      2600 SF commercial space suitable for various business uses.
      2841 N Campbell Avenue, Tucson, AZ 85719
      View Details
    • $16 SF/Yr

      Tucson Commercial Space For Rent

      1400 SF commercial space in vibrant Tucson location.
      919 N Stone Avenue, Tucson, AZ 85705
      View Details
    • $1,995/Mo

      Furnished Office Space Available

      Collaborative workspace with furnished offices, dedicated desks, and virtual solutions.
      3275 W Ina Road unit: 517, Tucson, AZ 85741
      View Details
    • $12 SF/Yr

      High-Traffic Retail Space Available

      Retail space with drive-thru in high-visibility Tucson location.
      2901 N Country Club Road, Tucson, AZ 85716
      View Details
    • $2,800/Mo

      Midtown Tucson Office/Warehouse with Apartment

      Unique industrial property with office, warehouse, and apartment.
      3365 N Dodge Boulevard, Tucson, AZ 85716
      View Details
    • $1,095/Mo

      Tucson Executive Office Suites

      Full-service, collaborative workspace with easy access in Tucson, AZ.
      3275 W Ina Road, Tucson, AZ 85741
      View Details
    • $4,000/Mo

      Renovated Commercial Building with Yard

      Turnkey 2,600 SF commercial space with C1 zoning.
      6470 E 22nd Street, Tucson, AZ 85710
      View Details
    • $4,400/Mo

      Historic 4th Avenue Retail Space

      Open retail/office space near streetcar, new housing, and iconic businesses.
      419 N 4th Avenue, Tucson, AZ 85705
      View Details
    • $22 SF/Yr

      Retail and Office Space Available

      Retail and office suites in established Tucson shopping center.
      1101 N Wilmot Road, Tucson, AZ 85712
      View Details
    • $1,400/Mo

      Downtown Tucson Classic Office Building

      Two-story office building ideal for law, finance, and insurance firms.
      360 N Court Avenue, Tucson, AZ 85701
      View Details
    • $23 SF/Yr

      Restaurant Space with Large Kitchen

      Second generation restaurant space available for sublease in Tucson.
      8320 N Thornydale #110 Road unit: 110, Tucson, AZ 85741
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial space in Tucson's Catalina Foothills near La Encantada.
    Where is this office units located?
    The property is located at 2840 E Skyline Dr Tucson, AZ.
    What are key features of this property?
    This property features: Prime location in the heart of Tucson's Catalina Foothills.; Across the street from La Encantada Mall, Southern Arizona's only luxury shopping center.; Mix of professional office space, fine dining, clothing boutiques, and salons.
    (520) 577-1000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Yarborough
    John Yarborough
    Real Estate License ID: AZ SA040432000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!