Commercial Lot with Updated
3219 N Flowing Wells Rd Tucson, AZ 85705
3219 N Flowing Wells Rd, Tucson, AZ, 85705
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For Sale
Contact for pricing
Commercial lot with updated office space available for sale.
Property Size1,576 SF
Price / SF$222.08
Days on Market53
Property Features for 3219 N Flowing Wells Rd
General Information
- Standard status
- Active
- Size
- 1,576 SF
- Property subtype
- Retail
Listing Agency
Engel & Volkers Tucson
Listed by
Curt Stinson · License #AZ
Source
Crexi
Added: May 27 Checked: Jul 17 at 7:24 am
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 Engel & Volkers Tucson
Investment Insights
Based on property information with market context.
This commercial property features a large lot and an updated office space. The property has previously been used as both a car lot and an accountant's office. The office space provides a functional area within the larger commercial lot, offering potential for various business uses. The property encompasses a total area of 1576 square feet.
Key Highlights
- Large commercial lot ready for development or use
- Updated office space ideal for various business needs
- Versatile use allows for a car lot, accountant office, or other ventures
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $19.80 |
| − Vacancy | −$7.0k | −$4.46 |
| EGI | $24.2k | $15.35 |
| − OpEx | −$6.0k | −$3.84 |
| NOI | $18.1k | $11.51 |
1,576 SF · lease $19.80/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$259.1K
$226.7K – $302.3K
NOI $18,138 @ 7.0% cap · market cap 5.18%
Second Best
Retail
$220.5K
$193.0K – $257.3K
NOI $15,437 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$362.7K
$317.3K – $423.1K
NOI $25,386 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CAR GUYS
Car Dealership
Benson Jr James ...
Accounting Firm
Similar For Sale Nearby
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1570 W Grant Rd Unit 2, Tucson, AZ 85745
- Ryder Truck Rental — 1717 W Rillito Dr, Tucson, AZ 85745
- U-Haul Neighborhood Dealer — 2702 N Flowing Wells Rd, Tucson, AZ 85705
- Sonsray Rentals and Leasing — 1701 W Grant Rd, Tucson, AZ 85745
FAQs
What type of property is this?
Parking lot & garage - Commercial lot with updated office space available for sale.
Where is this parking lot & garage located?
The property is located at 3219 N Flowing Wells Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Large commercial lot ready for development or use; Updated office space ideal for various business needs; Versatile use allows for a car lot, accountant office, or other ventures
