Building Details

Year Built 1979

Buildings 1

Tenancy Multi

Listing Agency: Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona

Listed By: Richard Kleiner · License #AZ SA111637000

Source: Crexi

Added: Apr 22 Changed: Oct 16 Last Checked: Oct 23 at 7:13AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$87,060

Cap Rate

5.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,741,200 $1.7M

Cap Rate 7%

$1,243,714 $1.2M

Cap Rate 9%

$967,333 $967.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,373 SF

Gross rent

$141.6K $19.20/SF

− Vacancy

−$25.5K −$3.46/SF

EGI

$116.1K $15.74/SF

− OpEx

−$29.0K −$3.94/SF

NOI

$87.1K $11.81/SF

Area

ZIP 85713

Vacancy

18.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,741,200

Cap Rate 7%

$1,243,714

Cap Rate 9%

$967,333

Alternative Uses

Best Use

Office B

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $87,060 @ 7.0% cap · market cap 5.80%

Second Best

Flex RnD

$982.6K

$859.8K – $1.15M (±1% cap)

NOI $68,781 @ 7.0% cap · market cap 4.59%

Theoretical Best

Office A

$1.80M

$1.58M – $2.11M (±1% cap)

NOI $126,344 @ 7.0% cap · market cap 8.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Therapy Group of Tucson, ... Physician Therapy Group of Tucson, ... Medical Clinic Megan Kershaw Physician Mr. John Meades Physician

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Skin Care Clinic Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in Tucson, AZ

8.9% 2019

9.1% 2020

9.6% 2021

10% 2022

8.8% 2023

10.2% 2024

9.5% 2025

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Frequently Asked Questions

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