Restaurant Building on Heavily Trafficked
For Sale
Contact for pricing
5810 E 22nd St, Tucson, AZ
Restaurant building with equipment on a heavily trafficked street.
Property Size2,292 SF
Lot Size0.68 Acres
Price / SF$270.07
Days on Market2321
Property Features for 5810 E 22nd St
General Information
Standard status
Active
Size
2,292 SF
Lot size
0.68 Acres
Property subtype
RETAIL
Listing Agency:
Picor Commercial Real Estate Services
(520) 820-2770
Listed By:
Aaron LaPrise · License #BR556758000
(520) 820-2770
Source:
Moodyscre
Added: Mar 26, 2020
Changed: Jul 6
Last Checked: Jul 21 at 6:36AM
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 Picor Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The property is a restaurant building located on a heavily trafficked street. The occupant is currently Hogie House restaurant, which has been operating at this location since 1998. The building includes a walk-in cooler, a walk-in freezer, and a hood/ansul system. Three new HVAC units were installed in 2016. The property size is 2,292 square feet. All personal property will be sold separately.
Key Highlights
- Heavily trafficked location on 22nd Street.
- Includes walk‑in cooler, walk‑in freezer, and hood/ansul system.
- Three (3) new HVAC units installed in 2016.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.0k | $14.40 |
| − Vacancy | −$1.9k | −$0.82 |
| EGI | $31.1k | $13.58 |
| − OpEx | −$7.8k | −$3.39 |
| NOI | $23.3k | $10.18 |
2,292 SF · lease $14.40/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$333.5K
$291.8K – $389.1K
NOI $23,343 @ 7.0% cap · market cap 3.77%
Second Best
Retail
$311.2K
$272.3K – $363.1K
NOI $21,786 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$595.4K
$521.0K – $694.6K
NOI $41,678 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Properties on Market for Restaurants in Tucson
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant building with equipment on a heavily trafficked street.
Where is this restaurant located?
The property is located at 5810 E 22nd St Tucson, AZ.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Heavily trafficked location on 22nd Street.; Includes walk‑in cooler, walk‑in freezer, and hood/ansul system.; Three (3) new HVAC units installed in 2016.
