Flex Space with Office
821 E 47th St Tucson, AZ 85713
821 E 47th St, Tucson, AZ, 85713
Contact for pricing
For Sale
Contact for pricing
Fully built-out flex space with reception, offices, conference and break room, plus a small roll-up door warehouse.
Property Size7,373 SF
Price / SF$203.45
Days on Market92
Property Features for 821 E 47th St
General Information
- Standard status
- Active
- Size
- 7,373 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1979
Listing agency
Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Listed by
Richard Kleiner · License #AZ SA111637000
Source
Crexi
Added: Apr 22 Updated: Jul 22 at 5:29AM Checked: Jul 22 at 5:29AM
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 Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Investment Insights
Based on property information with market context.
This fully built-out flex space includes a reception area and lobby, 14 offices, a conference room, a break room, and two multipurpose rooms (one with a kitchen). The layout also features four restrooms and a small warehouse component with a roll-up door. Parking is available at the door, supporting convenient everyday access.
The property is located with convenient access just 1 minute from Interstate 10. The parcel is designated under zoning I-1.
As configured, the space combines substantial office improvements with a compact warehouse area, making it suitable for users needing both work space and light distribution or storage through a roll-up door.
The property is located with convenient access just 1 minute from Interstate 10. The parcel is designated under zoning I-1.
As configured, the space combines substantial office improvements with a compact warehouse area, making it suitable for users needing both work space and light distribution or storage through a roll-up door.
Key Highlights
- 1979‑built flex space fully built out with reception and lobby area
- Includes 14 offices plus conference room and break room
- Two multipurpose rooms, with 1 room featuring a kitchen
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.6k | $19.20 |
| − Vacancy | −$25.5k | −$3.46 |
| EGI | $116.1k | $15.74 |
| − OpEx | −$29.0k | −$3.94 |
| NOI | $87.1k | $11.81 |
7,373 SF · lease $19.20/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $87,060 @ 7.0% cap · market cap 5.80%
Second Best
Flex RnD
$982.6K
$859.8K – $1.15M
NOI $68,781 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$1.80M
$1.58M – $2.11M
NOI $126,344 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Therapy Group of Tucson, ...
Physician
Therapy Group of Tucson, ...
Medical Clinic
Megan Kershaw
Physician
Mr. John Meades
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Fully built-out flex space with reception, offices, conference and break room, plus a small roll-up door warehouse.
Where is this flex space located?
The property is located at 821 E 47th St Tucson, AZ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1979‑built flex space fully built out with reception and lobby area; Includes 14 offices plus conference room and break room; Two multipurpose rooms, with 1 room featuring a kitchen
