Medical Imaging Center NNN
For Sale
Contact for pricing
3970 N Campbell Ave., Tucson, AZ 85719
NNN leased medical imaging center for sale in Tucson.
Property Size3,071 SF
Price / SF$322.85
Days on Market110
Property Features for 3970 N Campbell Ave.
General Information
Standard status
Active
Size
3,071 SF
Class
B
Property subtype
Office
Zoning
O-3, City of Tucson
Building Details
Year Built
1983
Buildings
1
Tenancy
Multi
Listing Agency:
Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Listed By:
Alejandra "Alexis" Corona · License #AZ SA702410000
Source:
Crexi
Added: May 11
Changed: Aug 25
Last Checked: Aug 26 at 8:14PM
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 Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Investment Insights
Based on property information with market context.
This property features a medical imaging center with a 5-year NNN lease that ends on February 28, 2030. The property is located in the North Campbell Medical-Dental Plaza, situated at Campbell Avenue and Roger Road. The site has a City of Tucson "O-3" Zoning. An adjacent vacant medical office suite with 1,669 square feet is also available, featuring a connecting door. The Assessor Parcel Number is 112-02-035A. The Real Estate Tax for 2025 is $8,098.24. The property is suitable for either an investor or a 1031 purchase.
Key Highlights
- 5‑year NNN Lease in place until 2/28/2030, providing stable income.
- Opportunity for 1031 exchange or investment purchase.
- Located in North Campbell Medical‑Dental Plaza.
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
$44,875
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
4.53%
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%
$897,500
$897.5K
Cap Rate 7%
$641,071
$641.1K
Cap Rate 9%
$498,611
$498.6K
Market Conditions
NOI Build-Up for 3,071 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
$66.3K $21.60/SF
− Vacancy
−$6.5K −$2.12/SF
EGI
$59.8K $19.48/SF
− OpEx
−$15.0K −$4.87/SF
NOI
$44.9K $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 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%
$897,500
Cap Rate 7%
$641,071
Cap Rate 9%
$498,611
Alternative Uses
Best Use
Office B
$641.1K
$560.9K – $747.9K
NOI $44,875 @ 7.0% cap · market cap 4.53%
Second Best
Healthcare Medical
$584.4K
$511.3K – $681.8K
NOI $40,906 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$797.8K
$698.1K – $930.7K
NOI $55,844 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,792
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
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blue Agave Integrative Veterinary Services — 320, 3661 N Campbell Ave, Tucson, AZ 85719
- Acacia Animal Hospital — 4205 N Campbell Ave, Tucson, AZ 85719
Frequently Asked Questions
What type of property is this?
Medical Office Space - NNN leased medical imaging center for sale in Tucson.
Where is this medical office space located?
The property is located at 3970 N Campbell Ave. Tucson, AZ.
What is the asking price?
The asking price for this property is $991,472.
What are key features of this property?
This property features: 5‑year NNN Lease in place until 2/28/2030, providing stable income.; Opportunity for 1031 exchange or investment purchase.; Located in North Campbell Medical‑Dental Plaza.
