Flex Building with Drive-Through
For Sale
$1,650,000
4655 S Coach Drive, Tucson, AZ 85714
Combined office and warehouse areas support separated administrative and operational functions within one commercial building.
Property Size8,000 SF
Days on Market27
Property Features for 4655 S Coach Drive
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
Pima County - CI1
Warehouse & Industrial
Warehouse Space
5,000 SF
Office Build-Out
3,000 SF
Taxes and HOA fees
Annual Taxes
$12,462
Amenities
conference room
kitchen
Building Details
Building Size
8,000 SF
Year Built
2006
Buildings
1
Owner Occupied
No
Listing Agency:
Long Realty
(520) 574-0952
Listed By:
Waco Starr · License #SA678733000
(520) 548-7652
Source:
Canteraland
Added: Aug 13
Changed: Sep 8
Last Checked: Sep 7 at 10:37AM
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 Long Realty
Investment Insights
Based on property information with market context.
This flex building combines 3,000 square feet of office area with a 5,000-square-foot warehouse. The office component has its own entrance, a conference room, kitchen, five private offices, and two bullpen-style areas that can be reconfigured. The warehouse includes drive-through access with 14-foot doors, supporting movement through the building and practical industrial operations.
The property is located at 4655 S Coach Dr in Tucson, Arizona. It is currently leased through 12/1/26, providing an existing occupancy term for a buyer to evaluate. The office and warehouse areas are arranged as distinct components within the same building, offering a combination of administrative, meeting, storage, and operational space.
The property is located at 4655 S Coach Dr in Tucson, Arizona. It is currently leased through 12/1/26, providing an existing occupancy term for a buyer to evaluate. The office and warehouse areas are arranged as distinct components within the same building, offering a combination of administrative, meeting, storage, and operational space.
Key Highlights
- 3,000 SF office area with separate entrance
- 5,000 SF warehouse with drive‑through access
- Warehouse includes 14' drive‑through doors
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
$116,899
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
7.08%
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%
$2,337,980
$2.3M
Cap Rate 7%
$1,669,986
$1.7M
Cap Rate 9%
$1,298,878
$1.3M
Market Conditions
NOI Build-Up for 8,000 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
$172.8K $21.60/SF
− Vacancy
−$16.9K −$2.12/SF
EGI
$155.9K $19.48/SF
− OpEx
−$39.0K −$4.87/SF
NOI
$116.9K $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%
$2,337,980
Cap Rate 7%
$1,669,986
Cap Rate 9%
$1,298,878
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $116,899 @ 7.0% cap · market cap 7.08%
Second Best
Warehouse
$1.01M
$879.9K – $1.17M
NOI $70,395 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,475 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85714, AZ
14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
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
- Latitude Catering — 4650 S Coach Dr, Tucson, AZ 85714
Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse areas support separated administrative and operational functions within one commercial building.
Where is this flex space located?
The property is located at 4655 S Coach Drive Tucson, AZ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 3,000 SF office area with separate entrance; 5,000 SF warehouse with drive‑through access; Warehouse includes 14' drive‑through doors
