Prime Land For
For Sale
Contact for pricing
7 E University Blvd, Tucson, AZ 85705
Commercial land available for sale in a desirable location.
Property Size12,076 SF
Price / SF$107.65
Days on Market918
Property Features for 7 E University Blvd
General Information
Standard status
Active
Size
12,076 SF
Total Parking Spaces
23
Property subtype
Retail, Office, Land, Special Purpose
Zoning
C-3, HR-3
Building Details
Year Built
1926
Buildings
12076
Stories
2
Tenancy
Multi
Listing Agency:
Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Listed By:
Richard Kleiner · License #AZ SA111637000
Source:
Crexi
Added: Apr 13, 2024
Changed: Oct 8
Last Checked: Oct 16 at 9:21AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,287
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,365,740
$2.4M
Cap Rate 7%
$1,689,814
$1.7M
Cap Rate 9%
$1,314,300
$1.3M
Market Conditions
NOI Build-Up for 12,076 SF
Gross rent
$188.4K $15.60/SF
− Vacancy
−$19.4K −$1.61/SF
EGI
$169.0K $13.99/SF
− OpEx
−$50.7K −$4.20/SF
NOI
$118.3K $9.80/SF
Area
ZIP 85705
Vacancy
10.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,365,740
Cap Rate 7%
$1,689,814
Cap Rate 9%
$1,314,300
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
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
