Office
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529 West Wetmore Road, Tucson, AZ 85705
O-3-zoned office building with on-site parking in Tucson.
Property Size3,127 SF
Price / SF$0.01
Days on Market139
Property Features for 529 West Wetmore Road
General Information
Standard status
Active
Size
3,127 SF
Property subtype
Office
Zoning
O-3
Additional Details
Asking Price
$770,000
Building Details
Year Built
1980
Building Size
3,127 SF
Parking Ratio
10 per 1,000 SF
Listed By:
Buzz Isaacson · License #AZ BR012749000
(520) 323-5151
Source:
Cbre
Added: Jun 2
Changed: Oct 10
Last Checked: Oct 16 at 8:20AM
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 Buzz Isaacson
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Investment Insights
Based on property information with market context.
This office building contains approximately 3,127 SF and was constructed in 1980. The property carries O-3 zoning and includes on-site parking configured at approximately 10 spaces per 1,000 SF.
Located at 529 West Wetmore Road in Tucson, Arizona, the property offers an established office setting for an owner-user or commercial occupant.
Located at 529 West Wetmore Road in Tucson, Arizona, the property offers an established office setting for an owner-user or commercial occupant.
Key Highlights
- Approximately 3,127 SF of office space
- O‑3 zoning in the City of Tucson
- Approximately 10 parking spaces per 1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,988
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,760
$719.8K
Cap Rate 7%
$514,114
$514.1K
Cap Rate 9%
$399,867
$399.9K
Market Conditions
NOI Build-Up for 3,127 SF
Gross rent
$61.9K $19.80/SF
− Vacancy
−$13.9K −$4.46/SF
EGI
$48.0K $15.35/SF
− OpEx
−$12.0K −$3.84/SF
NOI
$36.0K $11.51/SF
Area
ZIP 85705
Vacancy
22.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,760
Cap Rate 7%
$514,114
Cap Rate 9%
$399,867
Alternative Uses
Best Use
Office B
$514.1K
$449.9K – $599.8K
NOI $35,988 @ 7.0% cap · market cap 163,581.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$719.6K
$629.6K – $839.5K
NOI $50,369 @ 7.0% cap · market cap 228,950.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Office building - O-3-zoned office building with on-site parking in Tucson.
Where is this office building located?
The property is located at 529 West Wetmore Road Tucson, AZ.
What are key features of this property?
This property features: Approximately 3,127 SF of office space; O‑3 zoning in the City of Tucson; Approximately 10 parking spaces per 1,000 SF
