Retail Property on Busy
For Sale
Contact for pricing
Pending
329 E Grant Rd, Tucson, AZ 85705
Retail property on Grant Rd with C-2 zoning.
Property Size3,000 SF
Days on Market667
Property Features for 329 E Grant Rd
General Information
Standard status
Pending
Size
3,000 SF
Class
C
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
C-2
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1963
Buildings
1
Stories
1
Units
1
Listing Agency:
MFI Commercial
Listed By:
Elan Spreiser · License #AZ BR669862000
(888) 834-3730
Source:
Crexi
Added: Nov 7, 2024
Changed: Aug 24
Last Checked: Sep 2 at 8:06AM
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 MFI Commercial
Investment Insights
Based on property information with market context.
This strategically positioned retail property is located on Grant Rd, a main thoroughfare in Tucson, Arizona. The property benefits from excellent visibility and accessibility due to its location on a busy corridor. It is surrounded by established businesses and services. The property is zoned C-2, offering flexibility for various commercial uses. The property provides immediate rental income and potential for future growth in a high-traffic area. The property size is 3,000 square feet.
Key Highlights
- Immediate rental income stream.
- High‑traffic location on Grant Rd.
- C‑2 zoning allows for diverse commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,526
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,520
$690.5K
Cap Rate 7%
$493,229
$493.2K
Cap Rate 9%
$383,622
$383.6K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$59.4K $19.80/SF
− Vacancy
−$13.4K −$4.46/SF
EGI
$46.0K $15.35/SF
− OpEx
−$11.5K −$3.84/SF
NOI
$34.5K $11.51/SF
Area
ZIP 85705
Vacancy
22.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,520
Cap Rate 7%
$493,229
Cap Rate 9%
$383,622
Alternative Uses
Best Use
Office B
$493.2K
$431.6K – $575.4K
NOI $34,526 @ 7.0% cap · market cap 4.60%
Second Best
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$690.3K
$604.1K – $805.4K
NOI $48,324 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
Median Home Value
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail property on Grant Rd with C-2 zoning.
Where is this mixed-use property located?
The property is located at 329 E Grant Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Immediate rental income stream.; High‑traffic location on Grant Rd.; C‑2 zoning allows for diverse commercial uses.
