Move-in Ready Tucson Office
For Sale
Contact for pricing
6206 E Pima St Suite 2, Tucson, AZ 85712
1,065 SF medical/professional office in central Tucson.
Property Size1,065 SF
Price / SF$192.49
Days on Market88
Property Features for 6206 E Pima St Suite 2
General Information
Standard status
Active
Size
1,065 SF
Property subtype
Office
Zoning
O-3, City of Tucson
Investment Type
Owner/User
Listing Agency:
eXp Commercial
Listed By:
Angelica Dutton · License #LC694903000
Source:
Crexi
Added: May 21
Changed: Aug 11
Last Checked: Aug 13 at 4:05PM
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 eXp Commercial
Investment Insights
Based on property information with market context.
Located in the Pima Wilmot Office Plaza, this 1,065-square-foot office suite is suitable for medical, wellness, counseling, or professional office users. The property is located in Tucson's east-central medical corridor, offering accessibility and proximity to hospital systems. The location is near three major hospitals, Tucson's financial district, established retail centers, and dense residential neighborhoods. The plaza has parking and ingress/egress from Pima Street, Rook Avenue, and Wilmot Road, as well as signage visibility. The vacant suite is available for owner-users or investors. The property is centrally located within Tucson's east-side office and medical corridor, offering accessibility and visibility. The surrounding area features healthcare providers, financial institutions, retail centers, and residential communities that support medical and professional office uses. Proximity to major arterial roadways allows for access throughout the Tucson metropolitan area, while nearby amenities provide convenience for employees, patients, and clients.
Key Highlights
- Move‑in ready, 1,065 sq ft medical/professional office suite in Tucson's east‑central medical corridor.
- Strategic location near three major hospitals, Tucson's financial district, retail centers, and residential areas.
- Excellent accessibility with convenient ingress/egress from multiple streets and proximity to major roadways.
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
$15,562
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
7.59%
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%
$311,240
$311.2K
Cap Rate 7%
$222,314
$222.3K
Cap Rate 9%
$172,911
$172.9K
Market Conditions
NOI Build-Up for 1,065 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
$23.0K $21.60/SF
− Vacancy
−$2.3K −$2.12/SF
EGI
$20.7K $19.48/SF
− OpEx
−$5.2K −$4.87/SF
NOI
$15.6K $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 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%
$311,240
Cap Rate 7%
$222,314
Cap Rate 9%
$172,911
Alternative Uses
Best Use
Office B
$222.3K
$194.5K – $259.4K
NOI $15,562 @ 7.0% cap · market cap 7.59%
Second Best
Healthcare Medical
$202.7K
$177.3K – $236.4K
NOI $14,186 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$276.7K
$242.1K – $322.8K
NOI $19,366 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,283
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 1,065 SF medical/professional office in central Tucson.
Where is this medical office space located?
The property is located at 6206 E Pima St Suite 2 Tucson, AZ.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Move‑in ready, 1,065 sq ft medical/professional office suite in Tucson's east‑central medical corridor.; Strategic location near three major hospitals, Tucson's financial district, retail centers, and residential areas.; Excellent accessibility with convenient ingress/egress from multiple streets and proximity to major roadways.
