Freestanding Storefront with Four
New
For Sale
$350,000
5101 S 12th Ave, Tucson, AZ 85706
C-2 zoning and a flexible four-part layout accommodate retail or office use.
Property Size2,288 SF
Price / SF$152.97
Days on Market7
Property Features for 5101 S 12th Ave
General Information
Standard status
Active
Size
2,288 SF
Total Parking Spaces
16
Property subtype
Commercial
Zoning
C-2
Property Condition
Severity
Major Repairs Needed
Evidence
fire damage
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1964
Buildings
1
Tenancy
Multi
Listing Agency:
NextHome Complete Realty (DBA)
Listed By:
Maria J Serino · License #SA569307000
(520) 250-9709
Source:
Anthony.viewalltucsonhomes
Added: Sep 24
Changed: Sep 29
Last Checked: Sep 29 at 9:20AM
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 NextHome Complete Realty (DBA)
Investment Insights
Based on property information with market context.
This freestanding commercial building contains 2,288 square feet arranged as four separate spaces, with retail and office use noted for the layout. Built in 1964, the property has fire damage and requires substantial work. The sale is as-is.
The building is on S. 12th Avenue in Tucson, with access to I-10. Sixteen parking spaces serve the property, and C-2 zoning is in place.
The building is on S. 12th Avenue in Tucson, with access to I-10. Sixteen parking spaces serve the property, and C-2 zoning is in place.
Key Highlights
- 2,288‑square‑foot freestanding commercial building
- Four separate spaces noted for retail or office use
- 16 parking spaces
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
$23,689
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
6.77%
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%
$473,780
$473.8K
Cap Rate 7%
$338,414
$338.4K
Cap Rate 9%
$263,211
$263.2K
Market Conditions
NOI Build-Up for 2,288 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
$37.1K $16.20/SF
− Vacancy
−$3.2K −$1.41/SF
EGI
$33.8K $14.79/SF
− OpEx
−$10.2K −$4.44/SF
NOI
$23.7K $10.35/SF
Area
ZIP 85706
Vacancy
8.70%
Lease Rate
$16.20 /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%
$473,780
Cap Rate 7%
$338,414
Cap Rate 9%
$263,211
Alternative Uses
Best Use
Retail
$338.4K
$296.1K – $394.8K
NOI $23,689 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.1K
$414.0K – $552.0K
NOI $33,117 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
104k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 45%
Home Improvements & Furnishings 8%
Electronics 1%
Texas Roadhouse
Dining
30,844 visits/mo
0.5 miles
ARCO
Shops & Services
15,260 visits/mo
0.3 miles
AMPM
Shops & Services
10,233 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
9,919 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,803 visits/mo
0.5 miles
Demographics for 85706, AZ
54,853
Population
19,095
Households
2.9
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
13.1 sq mi
ZIP Area
4,187
Density / Sq Mi
$49,072
Median Household Income
$30,977
Median Earnings
$981
Median Rent
$169,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
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- Blue Flowers — 4616 S 6th Ave #2804, Tucson, AZ 85714
Frequently Asked Questions
What type of property is this?
Storefront property - C-2 zoning and a flexible four-part layout accommodate retail or office use.
Where is this storefront property located?
The property is located at 5101 S 12th Ave 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: 2,288‑square‑foot freestanding commercial building; Four separate spaces noted for retail or office use; 16 parking spaces
