Historic Red-Brick Office
For Sale
Contact for pricing
406 S 4th Ave, Tucson, AZ 85701
Historic red-brick office building near Downtown Tucson’s restaurant and entertainment district.
Property Size3,060 SF
Price / SF$300
Days on Market150
Property Features for 406 S 4th Ave
General Information
Standard status
Active
Size
3,060 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Pie Allen
Building Details
Construction
red-brick
Listing Agency:
CBRE | Tucson
(520) 323-5100
Listed By:
Jeff Casper · License #632063
(520) 307-2336
Source:
Moodyscre
Added: Jun 4
Changed: Oct 25
Last Checked: Oct 30 at 5:42PM
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 CBRE | Tucson
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic red-brick office building offers 3,060 SF of commercial space at 406 S 4th Ave in Tucson, AZ 85701. The building’s classic exterior provides character while supporting an office use.
Positioned just outside Downtown Tucson’s busy core, the property is described as within walking distance to the Downtown restaurant and entertainment district. That proximity can be useful for employees and visitors looking for nearby dining and evening options.
With its compact size and central access to Downtown, this is a solid fit for an office tenant seeking a historic building in the Downtown orbit, without being directly in the core. The property’s exterior character and convenient Downtown proximity are the primary practical features reflected in the available information.
Positioned just outside Downtown Tucson’s busy core, the property is described as within walking distance to the Downtown restaurant and entertainment district. That proximity can be useful for employees and visitors looking for nearby dining and evening options.
With its compact size and central access to Downtown, this is a solid fit for an office tenant seeking a historic building in the Downtown orbit, without being directly in the core. The property’s exterior character and convenient Downtown proximity are the primary practical features reflected in the available information.
Key Highlights
- Historic red‑brick office building exterior
- 406 S 4th Ave, Tucson, AZ 85701
- 3,060 SF office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,714
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,280
$894.3K
Cap Rate 7%
$638,771
$638.8K
Cap Rate 9%
$496,822
$496.8K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$66.1K $21.60/SF
− Vacancy
−$6.5K −$2.12/SF
EGI
$59.6K $19.48/SF
− OpEx
−$14.9K −$4.87/SF
NOI
$44.7K $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%
$894,280
Cap Rate 7%
$638,771
Cap Rate 9%
$496,822
Alternative Uses
Best Use
Office B
$638.8K
$558.9K – $745.2K
NOI $44,714 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$794.9K
$695.6K – $927.4K
NOI $55,644 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Office building - Historic red-brick office building near Downtown Tucson’s restaurant and entertainment district.
Where is this office building located?
The property is located at 406 S 4th Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $918,000.
What are key features of this property?
This property features: Historic red‑brick office building exterior; 406 S 4th Ave, Tucson, AZ 85701; 3,060 SF office building
