Flex Space with
321 & 327 S Kino Parkway S, Tucson, AZ 85719
For Sale
$1,400,000
Three-phase power serves a property currently used for showroom, warehouse, and fabrication functions.
Property Size9,482 SF
Price / SF$147.65
Days on Market92
Property Features for 321 & 327 S Kino Parkway S
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Fenced Yard
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Three-Phase Power
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Tierra Antigua Realty, LLC
(520) 544-2335
Listed By:
Patrick Teske · License AZ BR505976000
(520) 336-2456
Source:
Jlberrycompany
Added: Aug 15
Changed: Nov 13
Last Checked: Nov 13 at 6:04AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,482-square-foot flex property is configured for showroom, warehouse, and fabrication use. Tucson I-1 zoning applies, and the building has three-phase power. Portions of the building are occupied by tenants on month-to-month arrangements. The site comprises four separate parcels and has perimeter chain-link fencing.
Kino Parkway borders the west side, with street access also available from Norris on the east. Alleys provide access along the north and south sides. The property is near the University of Arizona, Downtown Tucson, and Aviation Parkway, with freeway access nearby.
Kino Parkway borders the west side, with street access also available from Norris on the east. Alleys provide access along the north and south sides. The property is near the University of Arizona, Downtown Tucson, and Aviation Parkway, with freeway access nearby.
Key Highlights
- 9,482 square feet of flex space
- Four separate parcels
- Tucson I‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,435
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,700
$1.7M
Cap Rate 7%
$1,191,929
$1.2M
Cap Rate 9%
$927,056
$927.1K
Market Conditions
NOI Build-Up for 9,482 SF
Gross rent
$103.5K $10.92/SF
− Vacancy
−$5.4K −$0.57/SF
EGI
$98.2K $10.35/SF
− OpEx
−$14.7K −$1.55/SF
NOI
$83.4K $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%
$1,668,700
Cap Rate 7%
$1,191,929
Cap Rate 9%
$927,056
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,435 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$981.6K
$858.9K – $1.15M
NOI $68,711 @ 7.0% cap · market cap 4.91%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
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
$266,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Tucson, AZ
Properties on Market for Flex space in Tucson
Vacancy Rate% for Industrial in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Flex space - Three-phase power serves a property currently used for showroom, warehouse, and fabrication functions.
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 feet of flex space; Four separate parcels; Tucson I‑1 zoning
