Mixed-Use Property on Stone
For Sale
$1,250,000
750 N Stone Ave, Tucson, AZ 85701
Mixed-use property with retail, apartments, and studio spaces.
Property Size8,783 SF
Lot Size0.17 Acres
Price / SF$142.32
Days on Market208
Property Features for 750 N Stone Ave
General Information
Standard status
Active
Size
8,783 SF
Lot size
0.17 Acres
Taxes and HOA fees
Annual Taxes
$8,622
Listing Agency:
Long Realty
(520) 444-4411
Listed By:
Rob Lamb · License #SA042168000
(520) 444-4411
Source:
Exprealty
Added: Jan 27
Changed: Aug 23
Last Checked: Aug 22 at 1:16PM
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 Long Realty
Investment Insights
Based on property information with market context.
The property at 744-755 N Stone Ave is zoned C-3 and comprises a total of 8,783 square feet on a 7,333 square foot lot. The building at 750 N Stone features a 2,707-square-foot storefront retail space with a 2,624-square-foot basement, along with two furnished, income-producing apartments. Additionally, 748 N Stone offers 2,856 square feet currently leased as ten income-producing art studios and offices. The property benefits from its location on the corner of Stone and University and includes three parking spaces, one of which is covered.
Key Highlights
- Zoned C‑3, suitable for a variety of commercial uses.
- Income‑producing property with storefront retail, basement, furnished apartments, and art studios/offices.
- High‑traffic location on the corner of Stone and University.
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
$83,486
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
6.68%
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%
$1,669,720
$1.7M
Cap Rate 7%
$1,192,657
$1.2M
Cap Rate 9%
$927,622
$927.6K
Market Conditions
NOI Build-Up for 8,783 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
$126.5K $14.40/SF
− Vacancy
−$7.2K −$0.82/SF
EGI
$119.3K $13.58/SF
− OpEx
−$35.8K −$4.07/SF
NOI
$83.5K $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%
$1,669,720
Cap Rate 7%
$1,192,657
Cap Rate 9%
$927,622
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,486 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,713 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Hotels & Casinos 20%
Dining 12%
Wells Fargo
Shops & Services
8,318 visits/mo
0.3 miles
Pep Boys Auto Parts & Service
Shops & Services
6,271 visits/mo
0.5 miles
DoubleTree by Hilton Tucson Downtown Convention Center
Hotels & Casinos
5,082 visits/mo
0.5 miles
Guadalajara
Dining
2,999 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
2,681 visits/mo
0.3 miles
Demographics for 85701, AZ
5,132
Population
3,631
Households
1.4
Avg Household Size
37
Median Age
57%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
3,421
Density / Sq Mi
$52,672
Median Household Income
$43,762
Median Earnings
$1,183
Median Rent
$451,500
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Mixed-use property with retail, apartments, and studio spaces.
Where is this storefront property located?
The property is located at 750 N Stone Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Zoned C‑3, suitable for a variety of commercial uses.; Income‑producing property with storefront retail, basement, furnished apartments, and art studios/offices.; High‑traffic location on the corner of Stone and University.
