Industrial Flex Building with
For Sale
$1,383,200
811 East 47th Street, Tucson, AZ 85713
I-1-zoned property combines office, warehouse, and loading functions with a fenced outdoor area.
Property Size7,904 SF
Lot Size0.50 Acres
Price / SF$175
Days on Market17
Property Features for 811 East 47th Street
General Information
Standard status
Active
Size
7,904 SF
Lot size
0.50 Acres
Property subtype
Industrial
Zoning
I-1
Warehouse & Industrial
Warehouse Space
6,533 SF
Office Build-Out
1,371 SF
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Fenced Yard
Yes
Building Details
Buildings
1
Building Size
7,904 SF
Listing Agency:
CBRE - Tucson
Listed By:
Tim Healy · License #AZSA045285000
(520) 247-9194
Source:
Cbre
Added: Sep 16
Changed: Sep 29
Last Checked: Oct 1 at 9:43AM
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
Investment Insights
Based on property information with market context.
This industrial flex property at 811 E 47th St in Tucson, AZ, occupies approximately 0.50 acres and provides 7,904 SF of building area. The layout includes approximately 1,371 SF of office space and 6,533 SF of warehouse space, supporting a combination of administrative and operational functions within one facility.
Loading infrastructure includes one dock and two grade-level loading doors. A small fenced yard adds secured exterior space to the property. The site is zoned I-1 and is located at 811 E 47th St, Tucson, AZ 85714.
Loading infrastructure includes one dock and two grade-level loading doors. A small fenced yard adds secured exterior space to the property. The site is zoned I-1 and is located at 811 E 47th St, Tucson, AZ 85714.
Key Highlights
- ±7,904 SF industrial building on ±0.50 acres
- ±1,371 SF of office space and ±6,533 SF of warehouse space
- 1 dock and 2 grade level loading doors
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
$73,735
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
5.33%
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%
$1,474,700
$1.5M
Cap Rate 7%
$1,053,357
$1.1M
Cap Rate 9%
$819,278
$819.3K
Market Conditions
NOI Build-Up for 7,904 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
$123.3K $15.60/SF
− Vacancy
−$9.9K −$1.25/SF
EGI
$113.4K $14.35/SF
− OpEx
−$39.7K −$5.02/SF
NOI
$73.7K $9.33/SF
Area
ZIP 85713
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$1,474,700
Cap Rate 7%
$1,053,357
Cap Rate 9%
$819,278
Alternative Uses
Best Use
Flex RnD
$1.05M
$921.7K – $1.23M
NOI $73,735 @ 7.0% cap · market cap 5.33%
Second Best
Warehouse
$824.9K
$721.8K – $962.4K
NOI $57,745 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,443 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned property combines office, warehouse, and loading functions with a fenced outdoor area.
Where is this flex space located?
The property is located at 811 East 47th Street Tucson, AZ.
What is the asking price?
The asking price for this property is $1,383,200.
What are key features of this property?
This property features: ±7,904 SF industrial building on ±0.50 acres; ±1,371 SF of office space and ±6,533 SF of warehouse space; 1 dock and 2 grade level loading doors
