Industrial Flex & Warehouse
For Sale
Contact for pricing
3125 - 3131 E 47th St., Tucson, AZ 85713
Industrial flex property with immediate access to major Ajo Way and Palo Verde Road corridors for contractor and light-manufacturing use.
Property Size3,645 SF
Price / SF$164.61
Days on Market62
Property Features for 3125 - 3131 E 47th St.
General Information
Standard status
Active
Size
3,645 SF
Property subtype
Industrial
Zoning
CI-1
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1978
Buildings
1
Tenancy
Multi
Listing Agency:
Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
(602) 222-5000
Listed By:
Jerry LoCoco · License #AZ SA533658000
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 9 at 11:40AM
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 Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Investment Insights
Based on property information with market context.
This for-sale industrial flex and warehouse site comprises 3,645 square feet, positioned to support contractor, flex user, light manufacturing, and wholesaling needs. The property is described as having an existing structure on-site that is not included in the overall square footage, and the remainder of the offering should be evaluated in that context when planning occupancy or operations.
The location is identified in the Palo Verde Industrial submarket, providing immediate access to the Ajo Way and Palo Verde Road corridors. The property is also described as being minutes from I-10, Aviation Parkway, and Tucson International Airport, supporting connectivity for deliveries, personnel, and day-to-day logistics.
The configuration and stated tenant/user fit make this a practical option for operators looking for an industrial-style setup without committing to a specialized use. Contractors, flex users, and businesses focused on light manufacturing or wholesaling can review the site layout and the scope of the structure included in the listed square footage to confirm how the available improvements align with their workflow, storage, and distribution requirements.
The location is identified in the Palo Verde Industrial submarket, providing immediate access to the Ajo Way and Palo Verde Road corridors. The property is also described as being minutes from I-10, Aviation Parkway, and Tucson International Airport, supporting connectivity for deliveries, personnel, and day-to-day logistics.
The configuration and stated tenant/user fit make this a practical option for operators looking for an industrial-style setup without committing to a specialized use. Contractors, flex users, and businesses focused on light manufacturing or wholesaling can review the site layout and the scope of the structure included in the listed square footage to confirm how the available improvements align with their workflow, storage, and distribution requirements.
Key Highlights
- Industrial flex property built in 1978
- Immediate access to Ajo Way and Palo Verde Rd corridors
- Minutes to I‑10, Aviation Pkwy, and Tucson International Airport
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
$34,003
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
5.67%
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%
$680,060
$680.1K
Cap Rate 7%
$485,757
$485.8K
Cap Rate 9%
$377,811
$377.8K
Market Conditions
NOI Build-Up for 3,645 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
$56.9K $15.60/SF
− Vacancy
−$4.5K −$1.25/SF
EGI
$52.3K $14.35/SF
− OpEx
−$18.3K −$5.02/SF
NOI
$34.0K $9.33/SF
Area
ZIP 85713
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$680,060
Cap Rate 7%
$485,757
Cap Rate 9%
$377,811
Alternative Uses
Best Use
Flex RnD
$485.8K
$425.0K – $566.7K
NOI $34,003 @ 7.0% cap · market cap 5.67%
Second Best
Warehouse
$380.4K
$332.9K – $443.8K
NOI $26,629 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$892.3K
$780.8K – $1.04M
NOI $62,461 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,497
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Industrial in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property with immediate access to major Ajo Way and Palo Verde Road corridors for contractor and light-manufacturing use.
Where is this flex space located?
The property is located at 3125 - 3131 E 47th St. Tucson, AZ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Industrial flex property built in 1978; Immediate access to Ajo Way and Palo Verde Rd corridors; Minutes to I‑10, Aviation Pkwy, and Tucson International Airport
