Flex Building with P-I
For Sale
$3,500,000
3550 N 1st Ave, Tucson, AZ 85719
Park Industrial zoning supports light industrial, office, showroom, and service uses.
Property Size22,088 SF
Price / SF$158.46
Days on Market87
Property Features for 3550 N 1st Ave
General Information
Standard status
Active
Size
22,088 SF
Building Details
Year Built
1984
Listing Agency:
Long Realty
Listed By:
Edward W Henne
(520) 297-1186
Source:
Collaborative-agents
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 15 at 1:30AM
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 Long Realty
Investment Insights
Based on property information with market context.
Built in 1984, this 22,088-square-foot flex property combines a commercial building format with P-I (Park Industrial) zoning. The stated use profile includes light industrial, office, showroom, and service applications, providing a range of potential configurations within the existing asset.
The property is positioned at 3550 N 1st Ave in Tucson, at a high-traffic corner with prominent exposure. Long-term tenants are in place, and the property is reported at a 7% cap rate. Its central Tucson location and zoning designation add practical context for evaluating the asset's current occupancy and permitted commercial use profile.
The property is positioned at 3550 N 1st Ave in Tucson, at a high-traffic corner with prominent exposure. Long-term tenants are in place, and the property is reported at a 7% cap rate. Its central Tucson location and zoning designation add practical context for evaluating the asset's current occupancy and permitted commercial use profile.
Key Highlights
- 22,088‑square‑foot flex property at 3550 N 1st Ave
- P‑I (Park Industrial) zoning
- Listed use profile includes light industrial, office, showroom, and service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$209,956
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,199,120
$4.2M
Cap Rate 7%
$2,999,371
$3.0M
Cap Rate 9%
$2,332,844
$2.3M
Market Conditions
NOI Build-Up for 22,088 SF
Gross rent
$318.1K $14.40/SF
− Vacancy
−$18.1K −$0.82/SF
EGI
$299.9K $13.58/SF
− OpEx
−$90.0K −$4.07/SF
NOI
$210.0K $9.51/SF
Area
Tucson, AZ
Vacancy
5.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,199,120
Cap Rate 7%
$2,999,371
Cap Rate 9%
$2,332,844
Alternative Uses
Best Use
Office B
$4.61M
$4.03M – $5.38M
NOI $322,759 @ 7.0% cap · market cap 9.22%
Second Best
Retail
$3.00M
$2.62M – $3.50M
NOI $209,956 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$5.74M
$5.02M – $6.69M
NOI $401,655 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Under-served
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
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Market
Vacancy Rate% for Office in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Flex space - Park Industrial zoning supports light industrial, office, showroom, and service uses.
Where is this flex space located?
The property is located at 3550 N 1st Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 22,088‑square‑foot flex property at 3550 N 1st Ave; P‑I (Park Industrial) zoning; Listed use profile includes light industrial, office, showroom, and service uses
