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7001 South Tucson Boulevard, Tucson, AZ 85706
Hotel property at the entrance to Tucson International Airport with established corporate, government, and defense-sector demand drivers.
Property Size98,854 SF
Price / SF$140.61
Days on Market7
Property Features for 7001 South Tucson Boulevard
General Information
Standard status
Active
Size
98,854 SF
Property subtype
Hospitality
Zoning
P-I
Additional Details
Asking Price
$13,900,000
Building Details
Year Built
1996
Stories
4
Listing Agency:
NewGen Advisory Phoenix
Listed By:
Jigar "Jay" Desai · License #AZ SA675144000
(520) 664-4091
Source:
Crexi
Added: Aug 28
Changed: Sep 1
Last Checked: Sep 2 at 4:20PM
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 NewGen Advisory Phoenix
Investment Insights
Based on property information with market context.
The La Quinta Inn & Suites by Wyndham is a 143-room, four-story hotel built in 1996. The property is located at 7001 South Tucson Boulevard and is zoned P-I, with approximately 98,854 square feet of hotel improvements.
Positioned at the entrance to Tucson International Airport, the hotel is supported by proximity to Davis-Monthan Air Force Base, Raytheon Missiles & Defense, Amazon, nearby industrial parks, and the Kino Sports Complex. Corporate, government, and defense-related travel contribute to the property's demand base. Hotel occupancy was 73.4% in 2023, providing a specific operating benchmark for the asset.
Positioned at the entrance to Tucson International Airport, the hotel is supported by proximity to Davis-Monthan Air Force Base, Raytheon Missiles & Defense, Amazon, nearby industrial parks, and the Kino Sports Complex. Corporate, government, and defense-related travel contribute to the property's demand base. Hotel occupancy was 73.4% in 2023, providing a specific operating benchmark for the asset.
Key Highlights
- 143‑room, four‑story hotel built in 1996
- At the entrance to Tucson International Airport (TUS)
- Approximately 98,854 square feet of property improvements
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
$542,338
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
3.90%
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%
$10,846,760
$10.8M
Cap Rate 7%
$7,747,686
$7.7M
Cap Rate 9%
$6,025,978
$6.0M
Market Conditions
NOI Build-Up for 98,854 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
$1.30M $13.20/SF
− Vacancy
−$163.1K −$1.65/SF
EGI
$1.14M $11.55/SF
− OpEx
−$599.4K −$6.06/SF
NOI
$542.3K $5.49/SF
Area
ZIP 85706
Vacancy
12.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
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%
$10,846,760
Cap Rate 7%
$7,747,686
Cap Rate 9%
$6,025,978
Alternative Uses
Best Use
Hotel Hospitality
$7.75M
$6.78M – $9.04M
NOI $542,338 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.44M
$17.89M – $23.85M
NOI $1,430,852 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 85706, AZ
54,853
Population
19,095
Households
2.9
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
13.1 sq mi
ZIP Area
4,187
Density / Sq Mi
$49,072
Median Household Income
$30,977
Median Earnings
$981
Median Rent
$169,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Hotel property at the entrance to Tucson International Airport with established corporate, government, and defense-sector demand drivers.
Where is this hotel located?
The property is located at 7001 South Tucson Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $13,900,000.
What are key features of this property?
This property features: 143‑room, four‑story hotel built in 1996; At the entrance to Tucson International Airport (TUS); Approximately 98,854 square feet of property improvements
