Prime Land For
7 E University Blvd Tucson, AZ 85705
7 E University Blvd, Tucson, AZ, 85705
Contact for pricing
For Sale
Contact for pricing
Commercial land available for sale in a desirable location.
Property Size12,076 SF
Price / SF$107.65
Days on Market827
Property Features for 7 E University Blvd
General Information
- Standard status
- Active
- Size
- 12,076 SF
- Property subtype
- Retail, Office, Land, Special Purpose
Building Details
- Year Built
- 1926
Listing Agency
Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Listed by
Richard Kleiner · License #AZ SA111637000
Source
Crexi
Added: Apr 13, 2024 Checked: Jul 16 at 12:18 pm
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 Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Investment Insights
Based on property information with market context.
This commercial land, encompassing 12,076 square feet, is available for sale. The property is suitable for commercial real estate, retail, office, and specialty purposes.
Key Highlights
- For sale
- Year Built: 1926
Local Financial Insights For 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 | $188.4k | $15.60 |
| − Vacancy | −$19.4k | −$1.61 |
| EGI | $169.0k | $13.99 |
| − OpEx | −$50.7k | −$4.20 |
| NOI | $118.3k | $9.80 |
12,076 SF · lease $15.60/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $138,980 @ 7.0% cap · market cap 10.69%
Second Best
Retail
$1.69M
$1.48M – $1.97M
NOI $118,287 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,518 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Funeraria del Angel ...
Social Service Agency
Arizona Mortuary University ...
Social Service Agency
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FAQs
What type of property is this?
Commercial land - Commercial land available for sale in a desirable location.
Where is this commercial land located?
The property is located at 7 E University Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: For sale; Year Built: 1926
