Freestanding Multi-Tenant Office
For Sale
Contact for pricing
3228 South 12th Avenue, Tucson, AZ 85713
Multi-tenant office property with C-1 Pima County zoning.
Property Size2,714 SF
Price / SF$193.44
Days on Market59
Property Features for 3228 South 12th Avenue
General Information
Standard status
Active
Size
2,714 SF
Property subtype
Office
Zoning
C-1 Pima County
Occupancy
100%
Investment Type
Owner/User
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Volk Company Commercial Real Estate
Listed By:
Joey Castillo · License #SA687979000
(520) 495-2234
Source:
Crexi
Added: Aug 20
Changed: Oct 7
Last Checked: Oct 16 at 9:31AM
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 Volk Company Commercial Real Estate
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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 freestanding office building contains approximately 2,714 SF and is configured for multiple tenants. The property is designated C-1 under Pima County zoning.
Located at 3228 South 12th Avenue in Tucson, Arizona, the building serves the South Tucson Trade Area.
Located at 3228 South 12th Avenue in Tucson, Arizona, the building serves the South Tucson Trade Area.
Key Highlights
- 2,714 SF office building
- Freestanding multi‑tenant configuration
- C‑1 Pima County zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,047
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,940
$640.9K
Cap Rate 7%
$457,814
$457.8K
Cap Rate 9%
$356,078
$356.1K
Market Conditions
NOI Build-Up for 2,714 SF
Gross rent
$52.1K $19.20/SF
− Vacancy
−$9.4K −$3.46/SF
EGI
$42.7K $15.74/SF
− OpEx
−$10.7K −$3.94/SF
NOI
$32.0K $11.81/SF
Area
ZIP 85713
Vacancy
18.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,940
Cap Rate 7%
$457,814
Cap Rate 9%
$356,078
Alternative Uses
Best Use
Office B
$457.8K
$400.6K – $534.1K
NOI $32,047 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$664.4K
$581.3K – $775.1K
NOI $46,507 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office property with C-1 Pima County zoning.
Where is this office building located?
The property is located at 3228 South 12th Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,714 SF office building; Freestanding multi‑tenant configuration; C‑1 Pima County zoning
