2.6 Acre Automotive/RV Sales
For Sale
$1,690,000
5151 S Julian Dr, Tucson, AZ 85706
2.6 Acre Automotive / RV / Heavy Truck / Equipment / Boat - Sales / Service / Body and Paint
Property Size5,200 SF
Lot Size2.60 Acres
Price / SF$325
Days on Market190
Property Features for 5151 S Julian Dr
General Information
Standard status
Active
Property type
Automotive properties, Auto shops, Commercial land, Retail properties & Spaces, Land
Size
5,200 SF
Class
B
Elevators
No
Lot size
2.60 Acres
Building Details
Year Built
2000
Buildings
3
Listing Agency:
(623) 518-0703
Listed By:
Scott
(623) 518-0703
Added: Feb 12
Changed: Apr 8
Investment Insights
Based on property information with market context.
This 2.6-acre property is suitable for automotive, RV, boat, and heavy equipment sales and service. It is located right off the I-10 Freeway in Tucson, within a Pima County island, which offers lower tax rates and less regulation than the city of Tucson. The property is zoned Commercial-1, allowing for both commercial and some industrial uses, providing very flexible options. The site is fully paved and fenced with wrought iron. Currently used as an RV sales and service facility, it includes a 5-bay RV service building with 14’ headers and an office building. There are two large rolling gate driveway entries from the main roadway. The property is situated in a well-maintained and active industrial park. Potential uses include an RV dealership or service facility (including a possible body shop), automotive sales, service, body and paint shop, boat sales and service, heavy truck and equipment sales, service, and storage, a contractor's construction office, storage, and staging yard, an auction yard and sales facility, a machine shop, manufacturing or production, a tire shop, or a distribution facility. The property is zoned to accommodate large or high volumes of vehicles and qualifies for opportunity zone benefits.
Key Highlights
- Large paved sales or storage lot
- Zoned for Car, Truck, Boat, RV, and Equipment Sales
- Located in the heart of Tucson, but on a county island with no city sales tax and less regulation
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
$53,838
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
3.19%
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%
$1,076,760
$1.1M
Cap Rate 7%
$769,114
$769.1K
Cap Rate 9%
$598,200
$598.2K
Market Conditions
NOI Build-Up for 5,200 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
$84.2K $16.20/SF
− Vacancy
−$7.3K −$1.41/SF
EGI
$76.9K $14.79/SF
− OpEx
−$23.1K −$4.44/SF
NOI
$53.8K $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%
$1,076,760
Cap Rate 7%
$769,114
Cap Rate 9%
$598,200
Alternative Uses
Best Use
Retail
$769.1K
$673.0K – $897.3K
NOI $53,838 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$502.8K
$440.0K – $586.6K
NOI $35,197 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$1.08M
$940.8K – $1.25M
NOI $75,267 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
78k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 39%
Hotels & Casinos 8%
Circle K
Shops & Services
28,733 visits/mo
0.4 miles
McDonald's
Dining
20,547 visits/mo
0.3 miles
Chevron
Shops & Services
7,147 visits/mo
0.2 miles
Waffle House
Dining
5,424 visits/mo
0.2 miles
Sunoco
Shops & Services
4,894 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - 2.6 Acre Automotive / RV / Heavy Truck / Equipment / Boat - Sales / Service / Body and Paint
Where is this automotive property located?
The property is located at 5151 S Julian Dr Tucson, AZ.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Large paved sales or storage lot; Zoned for Car, Truck, Boat, RV, and Equipment Sales; Located in the heart of Tucson, but on a county island with no city sales tax and less regulation
