Listing Agency: Oxford Realty Advisors Show Phone

Listed By: Robert Nolan · License #BR539725000 Show Phone

Source: Moodyscre

Added: Oct 21 Changed: Oct 23 Last Checked: Oct 23 at 5:42PM

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Investment Insights

Based on property information with market context.

This 7,828-square-foot retail space at 4037 N Oracle Rd in Tucson includes a monument sign. It is positioned on a retail corridor reporting 59,399 vehicles per day.

Nearby retailers include Super Target, Michaels, Lowe’s, Einstein Bagels, Home Depot, and PGA Superstore.

Key Highlights

• 7,828 square feet of retail space
• Retail corridor with 59,399 VPD
• Monument sign on the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,677

Cap Rate

4.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,533,540 $1.5M

Cap Rate 7%

$1,095,386 $1.1M

Cap Rate 9%

$851,967 $852.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,828 SF

Gross rent

$122.1K $15.60/SF

− Vacancy

−$12.6K −$1.61/SF

EGI

$109.5K $13.99/SF

− OpEx

−$32.9K −$4.20/SF

NOI

$76.7K $9.80/SF

Area

ZIP 85705

Vacancy

10.30%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,533,540

Cap Rate 7%

$1,095,386

Cap Rate 9%

$851,967

Alternative Uses

Best Use

Retail

$1.10M

$958.5K – $1.28M (±1% cap)

NOI $76,677 @ 7.0% cap · market cap 4.38%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.80M

$1.58M – $2.10M (±1% cap)

NOI $126,092 @ 7.0% cap · market cap 7.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Indian Motorcycle Tucson Motorcycle Shop Indian Motorcycle Tucson ... Auto Repair Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Food Market Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

59,399 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

1,124

Businesses Nearby

673k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 26% Shops & Services 25% Superstores 18% Home Improvements & Furnishings 18%

Target Superstores

124,414 visits/mo 0.1 miles

Raising Cane's Chicken Fingers Dining

64,368 visits/mo 0.3 miles

The Home Depot Home Improvements & Furnishings

56,423 visits/mo 0.4 miles

Michaels Shops & Services

40,239 visits/mo 0.1 miles

Burlington Apparel

35,159 visits/mo 0.3 miles

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 Retail in Tucson, AZ

7.4% 2019

8.3% 2020

7.5% 2021

6.8% 2022

6.5% 2023

6.4% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - The property sits among established retailers, including Super Target, Michaels, Lowe’s, Home Depot, and PGA Superstore.

Where is this retail space located?

The property is located at 4037 N Oracle Rd Tucson, AZ.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 7,828 square feet of retail space; Retail corridor with 59,399 VPD; Monument sign on the property