Auto Shop with Three Garage
3121 E Columbia St, Tucson, AZ 85714
For Sale
$475,000
Pending
A long-term occupant would like to remain under lease, and the building has three-phase power.
Property Size4,500 SF
Lot Size0.33 Acres
Days on Market900
Property Features for 3121 E Columbia St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Fenced Yard
Warehouse & Industrial
Clear Height
Three-Phase Power
Tenancy & Operations
Tenant in Place
Real Estate Included
Amenities
roll up garage doors
fully fenced
front security gate
evaporative coolers
3-phase power
gas heaters
half bathroom
lobby
electric water heater
Building Details
Year Built
Buildings
Building Size
Construction
Tenancy
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Christopher D Adams · License AZ SA672809000
(480) 399-2007
Source:
Viewtucsonhomesforsale
Added: May 24, 2024
Changed: Nov 4
Last Checked: Nov 8 at 7:10AM
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
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Investment Insights
Based on property information with market context.
Built in 2004, this 4,500-square-foot steel auto shop sits on a one-third-acre lot. Three roll-up garage doors measure 12 feet high and 10 feet wide. The interior ceiling height ranges from 16 to 20 feet, with two gas heaters and two newer evaporative coolers. A lobby, half bathroom, and electric water heater are also included.
The property is fully fenced and secured by a gate at the front. Three-phase power serves the building. The current long-term tenant has expressed interest in continuing the lease.
The property is fully fenced and secured by a gate at the front. Three-phase power serves the building. The current long-term tenant has expressed interest in continuing the lease.
Key Highlights
- 4,500 SF steel building on a 1/3‑acre lot
- Three 12' roll‑up doors, each 10' wide
- Ceiling heights range from 16'-20'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,774
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,480
$855.5K
Cap Rate 7%
$611,057
$611.1K
Cap Rate 9%
$475,267
$475.3K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$64.8K $14.40/SF
− Vacancy
−$3.7K −$0.82/SF
EGI
$61.1K $13.58/SF
− OpEx
−$18.3K −$4.07/SF
NOI
$42.8K $9.51/SF
Area
Tucson, AZ
Vacancy
5.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,480
Cap Rate 7%
$611,057
Cap Rate 9%
$475,267
Alternative Uses
Best Use
Retail
$611.1K
$534.7K – $712.9K
NOI $42,774 @ 7.0% cap · market cap 9.01%
Second Best
Industrial
$465.8K
$407.6K – $543.5K
NOI $32,609 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,829 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20 ft
Clear height
Single-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
11,277 visits/mo
0.3 miles
Storage King USA
Shops & Services
761 visits/mo
0.5 miles
Demographics for 85714, AZ
14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Auto shop - A long-term occupant would like to remain under lease, and the building has three-phase power.
Where is this auto shop located?
The property is located at 3121 E Columbia St Tucson, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 4,500 SF steel building on a 1/3‑acre lot; Three 12' roll‑up doors, each 10' wide; Ceiling heights range from 16'-20'
