Two-Story Office
For Sale
$995,000
360 N Court Avenue, Tucson, AZ 85701
Commercial Sale, Tucson, AZ
Property Size4,053 SF
Lot Size0.06 Acres
Price / SF$245.50
Days on Market48
Property Features for 360 N Court Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Tucson - C1
Lot features
Subdivided
Directions
DOWNTOWN COURT AVE/CHURCH ST
Subdivision
Central
Standard status
Active
APN
117-10-0470
Size
4,053 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TUCSON S58' N128' M/L LOT 5 EXC NE2 W58.34' N50.34' BLK 173
Tax Annual Amount
10315
Legal Description
TUCSON S58' N128' M/L LOT 5 EXC NE2 W58.34' N50.34' BLK 173
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
custom solid oak doors and interior oak woodwork
conference room/law library
common area
support staff area
three built-in work areas
24 hour exterior and building entrance video surveillance
Building Details
Year built
1988
Building materials
Frame - Stucco
Roof type
Built-Up
Listing Agency:
Long Realty-Oasis Property Management
(520) 403-1011
Listed By:
Timothy C Stoner
(520) 268-8408
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 6 at 7:06AM
MLS# 22620245
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.
Investment Insights
Based on property information with market context.
This 4,053-square-foot office building offers two levels of professional workspace, including nine private offices, a conference room and law library, shared areas, staff support space, and three built-in workstations. The offices range from 12X14' to 18X14.5'. Custom solid oak doors and interior oak detailing add a distinctive finish, while forced-air heating, natural gas, central air, and ceiling fans support year-round functionality. The building was constructed in 1988 with frame-and-stucco construction and a built-up roof.
The property is near federal, state, and local government offices and courts in downtown Tucson. It is also near the Tucson Streetcar line, which connects to the University of Arizona Main Campus. Exterior and entrance video surveillance operates 24 hours, and free city parking is available on Court Ave and Church St. The property is zoned Tucson - C1 and served by public water.
The property is near federal, state, and local government offices and courts in downtown Tucson. It is also near the Tucson Streetcar line, which connects to the University of Arizona Main Campus. Exterior and entrance video surveillance operates 24 hours, and free city parking is available on Court Ave and Church St. The property is zoned Tucson - C1 and served by public water.
Key Highlights
- 4,053 SF, two‑story office building constructed in 1988
- Nine private offices ranging from 12X14' to 18X14.5'
- Conference room/law library, common area, staff support area, and three built‑in work areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,224
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,480
$1.2M
Cap Rate 7%
$846,057
$846.1K
Cap Rate 9%
$658,044
$658.0K
Market Conditions
NOI Build-Up for 4,053 SF
Gross rent
$87.5K $21.60/SF
− Vacancy
−$8.6K −$2.12/SF
EGI
$79.0K $19.48/SF
− OpEx
−$19.7K −$4.87/SF
NOI
$59.2K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,480
Cap Rate 7%
$846,057
Cap Rate 9%
$658,044
Alternative Uses
Best Use
Office B
$846.1K
$740.3K – $987.1K
NOI $59,224 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$921.3K – $1.23M
NOI $73,701 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 85701, AZ
5,132
Population
3,631
Households
1.4
Avg Household Size
37
Median Age
57%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
3,421
Density / Sq Mi
$52,672
Median Household Income
$43,762
Median Earnings
$1,183
Median Rent
$451,500
Median Home Value
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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?
Office building - Professional office property with private rooms, conference space, oak finishes, central air, and public water service.
Where is this office building located?
The property is located at 360 N Court Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,053 SF, two‑story office building constructed in 1988; Nine private offices ranging from 12X14' to 18X14.5'; Conference room/law library, common area, staff support area, and three built‑in work areas
