Fenced Flex Space with
For Sale
$1,400,000
321 & 327 S Kino Parkway S, Tucson, AZ 85719
I-1-zoned property with three-phase power, multiple access points, and existing showroom, warehouse, and fabrication areas.
Property Size9,482 SF
Price / SF$147.65
Days on Market49
Property Features for 321 & 327 S Kino Parkway S
General Information
Standard status
Active
Size
9,482 SF
Property subtype
Comm/industry Sale
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Three-Phase Power
Yes
Building Details
Tenancy
Multi
Listing Agency:
Tierra Antigua Realty, LLC
(520) 544-2335
Listed By:
Patrick Teske · License #BR505976000
(520) 336-2456
Source:
Virginiagee
Added: Aug 26
Changed: Sep 13
Last Checked: Oct 12 at 8:06PM
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 Tierra Antigua Realty, LLC
Investment Insights
Based on property information with market context.
This 9,482-square-foot flex property, built in 1972, combines showroom, warehouse, and fabrication-shop areas within an existing commercial building. The property is enclosed by chain-link fencing and has three-phase power. Two sections are occupied by tenants on month-to-month arrangements, while the owner uses the remaining space for showroom, warehouse, and fabrication operations.
The offering consists of four separate parcels with access from S Kino Parkway and Norris, along with alley access on the north and south sides. The property has frontage on Kino Parkway and is zoned I-1. Its Tucson location provides access to the freeway and places the property near the University of Arizona, Aviation Parkway, and downtown Tucson.
The offering consists of four separate parcels with access from S Kino Parkway and Norris, along with alley access on the north and south sides. The property has frontage on Kino Parkway and is zoned I-1. Its Tucson location provides access to the freeway and places the property near the University of Arizona, Aviation Parkway, and downtown Tucson.
Key Highlights
- 9,482‑square‑foot flex property built in 1972
- Four separate parcels included: tax codes 129‑04‑2850, 129‑04‑2860, 129‑04‑2940, and 129‑04‑2950
- I‑1 zoning with three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,131
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,802,620
$1.8M
Cap Rate 7%
$1,287,586
$1.3M
Cap Rate 9%
$1,001,456
$1.0M
Market Conditions
NOI Build-Up for 9,482 SF
Gross rent
$136.5K $14.40/SF
− Vacancy
−$7.8K −$0.82/SF
EGI
$128.8K $13.58/SF
− OpEx
−$38.6K −$4.07/SF
NOI
$90.1K $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%
$1,802,620
Cap Rate 7%
$1,287,586
Cap Rate 9%
$1,001,456
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.50M
NOI $90,131 @ 7.0% cap · market cap 6.44%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,435 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$2.46M
$2.16M – $2.87M
NOI $172,424 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned property with three-phase power, multiple access points, and existing showroom, warehouse, and fabrication areas.
Where is this flex space located?
The property is located at 321 & 327 S Kino Parkway S Tucson, AZ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 9,482‑square‑foot flex property built in 1972; Four separate parcels included: tax codes 129‑04‑2850, 129‑04‑2860, 129‑04‑2940, and 129‑04‑2950; I‑1 zoning with three‑phase power
