Creative Office Condo with
7483 East Tanque Verde Road, Tucson, AZ 85715
For Sale
$504,000
Flexible layout includes reception, private offices, shared work areas, and covered parking within a professional condo setting.
Property Size2,205 SF
Price / SF$228.57
Days on Market49
Property Features for 7483 East Tanque Verde Road
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Office Units
Listing Agency:
CBRE | Tucson
Listed By:
Bruce Suppes · License #SA543260000
(520) 979-2967
Source:
Cbre
Added: Sep 20
Changed: Nov 6
Last Checked: Nov 6 at 5:37AM
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 CBRE | Tucson
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Investment Insights
Based on property information with market context.
This 2,205-square-foot creative office condominium at Tanque Verde Place provides a practical mix of collaborative and private workspace. The interior includes a reception area, expansive open work area, two enclosed offices, a breakroom or conference room, and a separate storage room. The open configuration is suited to immediate occupancy and can support a range of office-oriented operations.
The property is positioned at a signalized intersection for convenient access and includes available building signage. Parking is described as ample, with covered spaces included, within the professional condominium setting.
The property is positioned at a signalized intersection for convenient access and includes available building signage. Parking is described as ample, with covered spaces included, within the professional condominium setting.
Key Highlights
- 2,205 SF creative office condominium
- Reception area with a large open work area
- Two private offices plus a breakroom or conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,220
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,400
$644.4K
Cap Rate 7%
$460,286
$460.3K
Cap Rate 9%
$358,000
$358.0K
Market Conditions
NOI Build-Up for 2,205 SF
Gross rent
$47.6K $21.60/SF
− Vacancy
−$4.7K −$2.12/SF
EGI
$43.0K $19.48/SF
− OpEx
−$10.7K −$4.87/SF
NOI
$32.2K $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 Rate 5%
$644,400
Cap Rate 7%
$460,286
Cap Rate 9%
$358,000
Alternative Uses
Best Use
Office B
$460.3K
$402.8K – $537.0K
NOI $32,220 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.8K
$501.2K – $668.3K
NOI $40,096 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
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Business Placement
Demographics for 85715, AZ
18,561
Population
9,678
Households
1.9
Avg Household Size
51
Median Age
47%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
2,812
Density / Sq Mi
$82,651
Median Household Income
$48,259
Median Earnings
$1,368
Median Rent
$330,900
Median Home Value
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Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Creative space - Flexible layout includes reception, private offices, shared work areas, and covered parking within a professional condo setting.
Where is this creative space located?
The property is located at 7483 East Tanque Verde Road Tucson, AZ.
What is the asking price?
The asking price for this property is $504,000.
What are key features of this property?
This property features: 2,205 SF creative office condominium; Reception area with a large open work area; Two private offices plus a breakroom or conference room
