Multi-Office
For Sale
$350,000
5987 E Grant Rd, Tucson, AZ 85712
The suite includes private offices, a conference room, reception, a kitchenette, and a restroom.
Property Size1,716 SF
Price / SF$203.96
Days on Market12
Property Features for 5987 E Grant Rd
General Information
Standard status
Active
Size
1,716 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
Tucson 0-3
Site & Location
Neighborhood
Rainbow Vista Estates Annex
Road Access
Yes
Additional Details
Property Use
Financial Advisory Office
Building Details
Year Built
1998
Listing Agency:
OMNI Homes International
Listed By:
Randy Scott Maier
(520) 664-6603
Source:
Exploretucsonproperties
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 8:26AM
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 OMNI Homes International
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Investment Insights
Based on property information with market context.
This 1,716-square-foot office unit in Old Farm Executive Park has four private offices, a conference room, reception area, kitchenette, and restroom. Built in 1998, it is currently used as a financial advisory office. The property is zoned Tucson 0-3.
The office fronts Grant Road, where traffic volume is approximately thirty five to forty thousand vehicles per day. Costco, shopping, and dining are nearby. Two uncovered parking spaces are included, with an option to rent covered parking.
The office fronts Grant Road, where traffic volume is approximately thirty five to forty thousand vehicles per day. Costco, shopping, and dining are nearby. Two uncovered parking spaces are included, with an option to rent covered parking.
Key Highlights
- 1,716‑square‑foot office unit built in 1998
- Four private offices, conference room, reception, kitchenette, and restroom
- Frontage on Grant Road, with traffic volume of approximately thirty five to forty thousand vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,075
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,500
$501.5K
Cap Rate 7%
$358,214
$358.2K
Cap Rate 9%
$278,611
$278.6K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$37.1K $21.60/SF
− Vacancy
−$3.6K −$2.12/SF
EGI
$33.4K $19.48/SF
− OpEx
−$8.4K −$4.87/SF
NOI
$25.1K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,500
Cap Rate 7%
$358,214
Cap Rate 9%
$278,611
Alternative Uses
Best Use
Office B
$358.2K
$313.4K – $417.9K
NOI $25,075 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.8K
$390.1K – $520.1K
NOI $31,204 @ 7.0% cap · market cap 8.92%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,630
Businesses Nearby
Explore this area
Business Placement
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes private offices, a conference room, reception, a kitchenette, and a restroom.
Where is this office unit located?
The property is located at 5987 E Grant Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,716‑square‑foot office unit built in 1998; Four private offices, conference room, reception, kitchenette, and restroom; Frontage on Grant Road, with traffic volume of approximately thirty five to forty thousand vehicles per day
