Medical Office Building, Absolute
For Sale
Contact for pricing
801 N Wilmot Rd Bldg D, Tucson, AZ 85711
Medical office asset with a 15-year absolute-net lease structure in Tucson.
Property Size6,663 SF
Price / SF$398.79
Days on Market13
Property Features for 801 N Wilmot Rd Bldg D
General Information
Standard status
Active
Size
6,663 SF
Property subtype
Office
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$186,000
Building Details
Year Built
1975
Tenancy
Single
Listing Agency:
ParaSell Inc
(949) 942-6585
Listed By:
Scott Reid · License #183645
Source:
Crexi
Added: Aug 4
Changed: Aug 14
Last Checked: Aug 15 at 11:11AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
This medical office property at 801 N Wilmot Rd Bldg D in Tucson, Arizona, includes 6663 SF of building area and was constructed in 1975. The asset is identified as a dental sale-leaseback and is offered with a 15-year absolute-net lease structure.
Its medical-office classification places the property within a specialized commercial use category, while the absolute-net structure defines the stated lease arrangement. The property address is 801 N Wilmot Rd Bldg D, Tucson, AZ 85711.
Its medical-office classification places the property within a specialized commercial use category, while the absolute-net structure defines the stated lease arrangement. The property address is 801 N Wilmot Rd Bldg D, Tucson, AZ 85711.
Key Highlights
- 6663 SF medical office property
- 15‑year absolute‑net lease structure
- Dental sale‑leaseback transaction
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
$97,362
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
3.66%
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%
$1,947,240
$1.9M
Cap Rate 7%
$1,390,886
$1.4M
Cap Rate 9%
$1,081,800
$1.1M
Market Conditions
NOI Build-Up for 6,663 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
$143.9K $21.60/SF
− Vacancy
−$14.1K −$2.12/SF
EGI
$129.8K $19.48/SF
− OpEx
−$32.5K −$4.87/SF
NOI
$97.4K $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 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%
$1,947,240
Cap Rate 7%
$1,390,886
Cap Rate 9%
$1,081,800
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,362 @ 7.0% cap · market cap 3.66%
Second Best
Healthcare Medical
$1.27M
$1.11M – $1.48M
NOI $88,751 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,162 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,856
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
Median Home Value
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office asset with a 15-year absolute-net lease structure in Tucson.
Where is this medical office space located?
The property is located at 801 N Wilmot Rd Bldg D Tucson, AZ.
What is the asking price?
The asking price for this property is $2,657,143.
What are key features of this property?
This property features: 6663 SF medical office property; 15‑year absolute‑net lease structure; Dental sale‑leaseback transaction
