Building Details

Year built 1964

Listing Agency: NextHome Complete Realty Show Phone

Listed By: Maria Serino · License #SA569307000 Show Phone

Added: Sep 28 Last Checked: Oct 6 at 9:06AM

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MLS# 22623506

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This freestanding commercial building contains 2,288 square feet divided into four separate areas suitable for retail or office use. Built in 1964, the property occupies 0.27 acres and is zoned C-2. Fire damage has left the building in need of substantial work; the sale is on an as-is basis.

The property fronts South 12th Avenue and provides access to I-10. On-site parking accommodates 16 vehicles.

Key Highlights

• 2,288‑square‑foot freestanding commercial building
• Four separate spaces for retail or office use
• C‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,689

Cap Rate

6.77%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

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

You're Next Barber ... Barber Shop K&K Insurance Insurance Agency Elegance creations quinceanera ... Clothing & Fashion Store Blue Moon Smoke ... (Bike/Boat/Book/etc) Store Elegance Creations Quinceñera ... Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Law Firm Daycare Center Electrical Service Accounting Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway 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

Market

Vacancy Rate% for Retail in Tucson, AZ

7.4% 2019

8.3% 2020

7.5% 2021

6.8% 2022

6.5% 2023

6.4% 2024

6.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Four distinct areas offer flexibility for retail or office occupancy.

Where is this storefront property located?

The property is located at 5101 South 12th 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: 2,288‑square‑foot freestanding commercial building; Four separate spaces for retail or office use; C‑2 zoning