Flex Building with
321 S Kino Parkway, Tucson, AZ 85719
For Sale
$1,400,000
Commercial Sale, Tucson, AZ
Property Size9,482 SF
Lot Size0.23 Acres
Price / SF$147.65
Days on Market292
Property Features for 321 S Kino Parkway
General Information
Property type
Property subtype
Zoning
Fencing
Accessibility
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Building materials
Roof type
Listing Agency:
Tierra Antigua Realty
(520) 544-2335
Listed By:
Patrick R Teske · License #BR505976000
(520) 336-2456
Added: Jan 19
Changed: Oct 28
Last Checked: Nov 6 at 11:06PM
MLS# 22601847
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property combines showroom, office, and warehouse areas within a 9,482-square-foot building constructed in 1972. Block construction, metal and built-up roofing, zoned heating and cooling, accessible doors, and a fire sprinkler system are among the existing improvements. The property has supported showroom, office, and warehouse operations over time, with potential applications including warehouse distribution and light manufacturing.
The 0.23-acre site includes four separate parcels and four tax codes. It fronts Norris on the east side and has alley access along both the north and south sides. A chain-link fence encloses the property, which is located in Tucson and carries Tucson - I1 zoning.
The 0.23-acre site includes four separate parcels and four tax codes. It fronts Norris on the east side and has alley access along both the north and south sides. A chain-link fence encloses the property, which is located in Tucson and carries Tucson - I1 zoning.
Key Highlights
- 9,482‑square‑foot flex property with showroom, office, and warehouse areas
- 0.23‑acre site comprising 4 separate parcels and 4 tax codes
- Tucson - I1 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
Office B
$1.98M
$1.73M – $2.31M
NOI $138,555 @ 7.0% cap · market cap 9.90%
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.
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,244
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
$266,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Tucson, AZ
Properties on Market for Flex space in Tucson
Vacancy Rate% for Office in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Flex space - Showroom, office, and warehouse configuration with fire sprinklers, alley access, and Tucson - I1 zoning.
Where is this flex space located?
The property is located at 321 S Kino Parkway 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 with showroom, office, and warehouse areas; 0.23‑acre site comprising 4 separate parcels and 4 tax codes; Tucson - I1 zoning
