Building Details

Year Built 2002

Buildings 2

Stories 1

Listing Agency: Metro Phoenix Commercial Team with Coldwell Banker Commercial Realty

Listed By: Scott Hotchkiss · License #SA684469000 Show Phone

Source: Crexi

Added: Jan 30 Changed: Oct 3 Last Checked: Oct 5 at 5:28PM

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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 Metro Phoenix Commercial Team with Coldwell Banker Commercial Realty

Investment Insights

Based on property information with market context.

This industrial warehouse is located in Tucson, Arizona, within the Palo Verde submarket. The property includes a 3,600-square-foot two-story building and a 2,400-square-foot one-story building, totaling 6,000 square feet. The building is situated on a 21,344-square-foot lot. Utilities available include natural gas and city water/sewer, along with a 600 amp/240v 3-phase electrical service. The warehouse features five drive-in doors, each measuring 10 feet wide by 12 feet high, and a 12-foot clear height. The building's construction consists of steel beams and metal exteriors.

Key Highlights

• 6,000 SF total space (3,600 SF 2‑story & 2,400 SF 1‑story)
• Features a substantial 600 amp/240v 3 phase electrical service
• Benefit from 5 drive‑in doors (10’ w x 12’ h)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,916

Cap Rate

8.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,038,320 $1.0M

Cap Rate 7%

$741,657 $741.7K

Cap Rate 9%

$576,844 $576.8K

Market Conditions

NOI Build-Up for 5,900 SF

Gross rent

$64.4K $10.92/SF

− Vacancy

−$3.4K −$0.57/SF

EGI

$61.1K $10.35/SF

− OpEx

−$9.2K −$1.55/SF

NOI

$51.9K $8.80/SF

Area

Tucson, AZ

Vacancy

5.20%

Lease Rate

$10.92 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,038,320

Cap Rate 7%

$741,657

Cap Rate 9%

$576,844

Alternative Uses

Best Use

Warehouse

$741.7K

$649.0K – $865.3K (±1% cap)

NOI $51,916 @ 7.0% cap · market cap 8.31%

Second Best

Industrial

$610.8K

$534.4K – $712.6K (±1% cap)

NOI $42,754 @ 7.0% cap · market cap 6.84%

Theoretical Best

Office A

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,287 @ 7.0% cap · market cap 17.17%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Vista HVAC/ Duct ... HVAC Service professinol 24hr road ... General Contractor

Suggested Use

Top Pick Real Estate Agency Hair Salon Law Firm Nail Salon (Bike/Boat/Book/etc) Store Dental Office

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

Location Intelligence

Trade Area within ½ mile

1,567

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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

Market

Vacancy Rate% for Industrial in Tucson, AZ

6.4% 2019

5.7% 2020

4% 2021

2.5% 2022

3.9% 2023

5.4% 2024

7.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 6,000 SF industrial warehouse in Tucson's Palo Verde submarket.

Where is this warehouse located?

The property is located at 3208 E District St Tucson, AZ.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 6,000 SF total space (3,600 SF 2‑story & 2,400 SF 1‑story); Features a substantial 600 amp/240v 3 phase electrical service; Benefit from **5 drive‑in doors (10’ w x 12’ h)**