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 Market2412
Property Features for 5810 E 22nd St
General Information
Standard status
Active
Size
2,292 SF
Lot size
0.68 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Corbett
Listing Agency:
Picor Commercial Real Estate Services
(520) 748-7100
Listed By:
Aaron LaPrise · License #AZ BR556758000
(520) 820-2770
Source:
Moodyscre
Added: Mar 26, 2020
Changed: Oct 25
Last Checked: Nov 1 at 7:11AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$23,343
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,860
$466.9K
Cap Rate 7%
$333,471
$333.5K
Cap Rate 9%
$259,367
$259.4K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$33.0K $14.40/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$31.1K $13.58/SF
− OpEx
−$7.8K −$3.39/SF
NOI
$23.3K $10.18/SF
Area
Tucson, AZ
Vacancy
5.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,860
Cap Rate 7%
$333,471
Cap Rate 9%
$259,367
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
136k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Groceries 28%
Dining 25%
Home Improvements & Furnishings 12%
Walmart Neighborhood Market
Groceries
37,928 visits/mo
0.4 miles
Dollar Tree
Shops & Services
19,443 visits/mo
0.5 miles
Jack in the Box
Dining
16,374 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
16,213 visits/mo
0.4 miles
Chevron
Shops & Services
9,624 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tucson, AZ
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.
