Freestanding Retail with
For Sale
Contact for pricing
7221 N Camino De Oeste, Tucson, AZ 85741
Freestanding retail building with a drive-thru and recently replaced roof, with monument signage visible from I-10.
Property Size2,941 SF
Price / SF$238.01
Days on Market962
Property Features for 7221 N Camino De Oeste
General Information
Standard status
Active
Size
2,941 SF
Property subtype
RETAIL
Additional Details
Business Included
No
Highway Access
Yes
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Sean Lieb · License #742FA625-6C3D-44FC-A693-98BC8ACBDB82
(602) 376-9797
Source:
Moodyscre
Added: Jan 25, 2024
Changed: Aug 15
Last Checked: Sep 12 at 4:50AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding retail building offers a drive-thru configuration and a recently replaced roof. The property also features a 50-foot monument sign designed to be visible from I-10.
Positioned in a major east/west and north/south corridor, the building is located on the going-to-work side with access to I-10. This placement supports strong daily commuter visibility for passersby.
The offering includes the main freestanding structure and drive-thru site improvements, along with monument signage for enhanced roadside identification.
Positioned in a major east/west and north/south corridor, the building is located on the going-to-work side with access to I-10. This placement supports strong daily commuter visibility for passersby.
The offering includes the main freestanding structure and drive-thru site improvements, along with monument signage for enhanced roadside identification.
Key Highlights
- Freestanding retail building with drive‑thru
- Roof recently replaced
- Drive‑thru located in a major east/west and north/south corridor
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
$27,955
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
3.99%
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%
$559,100
$559.1K
Cap Rate 7%
$399,357
$399.4K
Cap Rate 9%
$310,611
$310.6K
Market Conditions
NOI Build-Up for 2,941 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
$42.4K $14.40/SF
− Vacancy
−$2.4K −$0.82/SF
EGI
$39.9K $13.58/SF
− OpEx
−$12.0K −$4.07/SF
NOI
$28.0K $9.51/SF
Area
Tucson, AZ
Vacancy
5.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$559,100
Cap Rate 7%
$399,357
Cap Rate 9%
$310,611
Alternative Uses
Best Use
Retail
$399.4K
$349.4K – $465.9K
NOI $27,955 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$764.0K
$668.5K – $891.3K
NOI $53,480 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85741, AZ
34,131
Population
14,985
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
92%
High-School Grad
9.5 sq mi
ZIP Area
3,593
Density / Sq Mi
$71,812
Median Household Income
$44,480
Median Earnings
$1,474
Median Rent
$268,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building with a drive-thru and recently replaced roof, with monument signage visible from I-10.
Where is this storefront property located?
The property is located at 7221 N Camino De Oeste Tucson, AZ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Freestanding retail building with drive‑thru; Roof recently replaced; Drive‑thru located in a major east/west and north/south corridor
