Downtown Tucson Warehouse with Redevelopment
For Sale
$995,000
530 North 7th Avenue, Tucson, AZ 85705
Warehouse with redevelopment potential in a central Tucson location.
Property Size4,000 SF
Lot Size0.56 Acres
Price / SF$248.75
Days on Market150
Property Features for 530 North 7th Avenue
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.56 Acres
Property subtype
Industrial
Listing Agency:
CBRE | Tucson
(520) 323-5177
Listed By:
John Ash · License #BR540617000
(520) 323-5177
Source:
Cbre
Added: Mar 25
Changed: Aug 13
Last Checked: Aug 21 at 11:13AM
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 CBRE | Tucson
Investment Insights
Based on property information with market context.
This property features a warehouse and covered workspace/garage on approximately 0.56 acres of land. The warehouse, constructed in 1948, measures approximately 4,000 square feet (40'x100'), while the covered workspace/garage provides an additional 4,800 square feet (40'x120'). The property is located in a downtown/central area near the freeway and Downtown Links, offering convenient access to the east via Aviation Highway. Its proximity to the University of Arizona and Downtown Tucson further enhances its appeal. The C-3 zoning allows for quasi-industrial uses and redevelopment opportunities. The property is located within Census Track 04019000400 and is part of the Infill Incentive District (GIIS)-Downtown Links Subdistrict (DLS)- Stone/Sixth Street Sub-Area (SSS), Sixth Street Sub-Area (SSS) Opportunity Zone. The Assessor Parcel Number is 114-04-238A.
Key Highlights
- Great Downtown/Central Location near Freeway and Downtown Links.
- C‑3 Zoning allows for quasi industrial uses and redevelopment opportunities.
- Land Size: ±24,394 SF or ±0.56 Acres.
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
$30,943
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
3.11%
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%
$618,860
$618.9K
Cap Rate 7%
$442,043
$442.0K
Cap Rate 9%
$343,811
$343.8K
Market Conditions
NOI Build-Up for 4,000 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
$38.4K $9.60/SF
− Vacancy
−$2.0K −$0.50/SF
EGI
$36.4K $9.10/SF
− OpEx
−$5.5K −$1.37/SF
NOI
$30.9K $7.74/SF
Area
ZIP 85705
Vacancy
5.20%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$618,860
Cap Rate 7%
$442,043
Cap Rate 9%
$343,811
Alternative Uses
Best Use
Warehouse
$442.0K
$386.8K – $515.7K
NOI $30,943 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$386.8K
$338.4K – $451.3K
NOI $27,075 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$920.4K
$805.4K – $1.07M
NOI $64,431 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,315
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Swift & Gentle Moving+Storage — 1 S Church Ave, Tucson, AZ 85701
- Wildcat Storage LLC — 657 W St Marys Rd, Tucson, AZ 85701
- Tucson Document Scanning — 1 S Church Ave, Tucson, AZ 85701
- Self-Storage at U-Haul — 450 N Freeway, Tucson, AZ 85701
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with redevelopment potential in a central Tucson location.
Where is this warehouse located?
The property is located at 530 North 7th Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Great Downtown/Central Location near Freeway and Downtown Links.; C‑3 Zoning allows for quasi industrial uses and redevelopment opportunities.; Land Size: ±24,394 SF or ±0.56 Acres.
