Tucson Office Building For
For Sale
$1,152,900
442 East 7th Street, Tucson, AZ 85705
6,588 SF office building in central Tucson location.
Property Size6,588 SF
Lot Size0.28 Acres
Price / SF$175
Days on Market196
Property Features for 442 East 7th Street
General Information
Standard status
Active
Size
6,588 SF
Lot size
0.28 Acres
Property subtype
Office
Listing Agency:
CBRE | Tucson
Listed By:
John Ash · License #BR540617000
(520) 323-5177
Source:
Cbre
Added: Mar 25
Changed: Sep 27
Last Checked: Oct 5 at 4:40PM
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
Investment Insights
Based on property information with market context.
This 6,588 square foot building, constructed in 1965, is located in a central Tucson location, minutes from Historic 4th Avenue, Downtown Tucson, and the University of Arizona. The property is zoned C-3 by the City of Tucson and is identified by Assessor Tax Parcel No. 117-05-0850. The site has a land size of approximately 12,197 square feet and includes a dedicated parking lot with a gate and 9 parking spaces. The building can be used as a classroom, office space, or meeting place.
Key Highlights
- Great central location, minutes from Historic 4th Ave, Downtown Tucson and University of Arizona
- Dedicated parking lot with gate
- Total Size: ±6,588 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,820
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,516,400
$1.5M
Cap Rate 7%
$1,083,143
$1.1M
Cap Rate 9%
$842,444
$842.4K
Market Conditions
NOI Build-Up for 6,588 SF
Gross rent
$130.4K $19.80/SF
− Vacancy
−$29.3K −$4.46/SF
EGI
$101.1K $15.35/SF
− OpEx
−$25.3K −$3.84/SF
NOI
$75.8K $11.51/SF
Area
ZIP 85705
Vacancy
22.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,516,400
Cap Rate 7%
$1,083,143
Cap Rate 9%
$842,444
Alternative Uses
Best Use
Office B
$1.08M
$947.8K – $1.26M
NOI $75,820 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,118 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
Explore this area
Business Placement
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 6,588 SF office building in central Tucson location.
Where is this office units located?
The property is located at 442 East 7th Street Tucson, AZ.
What is the asking price?
The asking price for this property is $1,152,900.
What are key features of this property?
This property features: Great central location, minutes from Historic 4th Ave, Downtown Tucson and University of Arizona; Dedicated parking lot with gate; Total Size: ±6,588 SF
