Automotive Property with
New
For Sale
$350,000
4811 N Jay Avenue, Tucson, AZ 85705
Commercial lot with an existing office structure and infrastructure associated with prior used auto sales operations.
Property Size1,560 SF
Lot Size0.42 Acres
Price / SF$224.36
Days on Market2
Property Features for 4811 N Jay Avenue
General Information
Standard status
Active
Size
1,560 SF
Lot size
0.42 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Land Use
commercial
Building Details
Year Built
1973
Buildings
1
Listing Agency:
Long Realty
Listed By:
Matthieu Smith · License #32859
(316) 371-0187
Source:
Valleegoldteam
Added: Sep 2
Last Checked: Sep 2 at 1:31PM
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 automotive property comprises a 0.42-acre commercial lot with a 1,560-square-foot office or on-site structure. The property includes lot infrastructure associated with its prior use as a used car dealership and has operated as an auto sales location for several years.
The site is located at 4811 N Jay Avenue in Tucson, within the 85705 area. Its existing configuration supports continued consideration for automotive sales or another commercial use, subject to applicable approvals and requirements.
The site is located at 4811 N Jay Avenue in Tucson, within the 85705 area. Its existing configuration supports continued consideration for automotive sales or another commercial use, subject to applicable approvals and requirements.
Key Highlights
- 0.42‑acre commercial lot
- 1,560‑square‑foot office or on‑site structure
- Previously operated as a used car dealership
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
$15,281
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
4.37%
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%
$305,620
$305.6K
Cap Rate 7%
$218,300
$218.3K
Cap Rate 9%
$169,789
$169.8K
Market Conditions
NOI Build-Up for 1,560 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
$24.3K $15.60/SF
− Vacancy
−$2.5K −$1.61/SF
EGI
$21.8K $13.99/SF
− OpEx
−$6.5K −$4.20/SF
NOI
$15.3K $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 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%
$305,620
Cap Rate 7%
$218,300
Cap Rate 9%
$169,789
Alternative Uses
Best Use
Retail
$218.3K
$191.0K – $254.7K
NOI $15,281 @ 7.0% cap · market cap 4.37%
Second Best
Industrial
$150.8K
$132.0K – $176.0K
NOI $10,559 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$359.0K
$314.1K – $418.8K
NOI $25,128 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
63k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 72%
Shops & Services 27%
Apparel 1%
Walmart Neighborhood Market
Groceries
45,616 visits/mo
0.3 miles
Circle K
Shops & Services
12,485 visits/mo
0.2 miles
Speedway
Shops & Services
4,269 visits/mo
0.2 miles
Ewing Outdoor Supply
Apparel
634 visits/mo
0.2 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Automotive property - Commercial lot with an existing office structure and infrastructure associated with prior used auto sales operations.
Where is this automotive property located?
The property is located at 4811 N Jay Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 0.42‑acre commercial lot; 1,560‑square‑foot office or on‑site structure; Previously operated as a used car dealership
