Class A Two-Tenant Office
For Sale
Contact for pricing
300 S Craycroft Rd, Tucson, AZ 85711
Institutional-quality Class A office with two tenants at 300 S Craycroft Road in Tucson.
Property Size42,000 SF
Price / SF$225.24
Days on Market100
Property Features for 300 S Craycroft Rd
General Information
Standard status
Active
Size
42,000 SF
Class
A
Property subtype
Office
Zoning
PAD-1
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$709,185
Building Details
Year Built
2006
Buildings
1
Stories
4
Units
7
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Tivon Moffitt · License #AZ BR639369000
(954) 547-7212
Source:
Crexi
Added: Jun 9
Changed: Sep 10
Last Checked: Sep 15 at 7:19AM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
300 S. Craycroft Road is an institutional-quality, Class A office asset offered for sale in Tucson, Arizona. The offering is structured as a stabilized, two-tenant office investment, providing durable in-place cash flow and contractual rent growth through the existing lease arrangements.
The property is presented to investors seeking a commercially established office platform supported by tenants described in the offering materials as institutional and professional users. With two tenants in place, the configuration is designed to support ongoing operating performance and long-term income durability within a supply-constrained office corridor, as characterized in the offering materials.
The property is presented to investors seeking a commercially established office platform supported by tenants described in the offering materials as institutional and professional users. With two tenants in place, the configuration is designed to support ongoing operating performance and long-term income durability within a supply-constrained office corridor, as characterized in the offering materials.
Key Highlights
- Institutional‑quality Class A office asset at 300 S Craycroft Road in Tucson, AZ
- Year built: 2006
- Stabilized investment with two tenants
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
$613,721
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
6.49%
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%
$12,274,420
$12.3M
Cap Rate 7%
$8,767,443
$8.8M
Cap Rate 9%
$6,819,122
$6.8M
Market Conditions
NOI Build-Up for 42,000 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
$907.2K $21.60/SF
− Vacancy
−$88.9K −$2.12/SF
EGI
$818.3K $19.48/SF
− OpEx
−$204.6K −$4.87/SF
NOI
$613.7K $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 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%
$12,274,420
Cap Rate 7%
$8,767,443
Cap Rate 9%
$6,819,122
Alternative Uses
Best Use
Office B
$8.77M
$7.67M – $10.23M
NOI $613,721 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.91M
$9.55M – $12.73M
NOI $763,741 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
Explore this area
Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Institutional-quality Class A office with two tenants at 300 S Craycroft Road in Tucson.
Where is this office building located?
The property is located at 300 S Craycroft Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $9,460,000.
What are key features of this property?
This property features: Institutional‑quality Class A office asset at 300 S Craycroft Road in Tucson, AZ; Year built: 2006; Stabilized investment with two tenants
