Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3312 1St Ave Tucson, AZ 85719

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6-unit apartment, RV park, & retail

    Property size:
    3,000 SF

    Property Features for 3312 1St Ave

    General Information

    Property type
    Retail space
    Square Feet
    3,000 SF
    Class
    C
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1951
    Units
    6

    We can help!

    Listing Contact
    Elan Spreiser
    Elan Spreiser

    Listing Agency: MFI Commercial Listing Agent: Elan Spreiser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This versatile Tucson property presents a unique investment opportunity. The 3,000 square foot mixed-use building, constructed in 1951, sits on a 0.35-acre lot (APN 113-04-1410) and boasts a Fee Simple ownership. The property includes six units: one 2-bedroom, 2-bathroom apartment ready for rent, and two fully leased commercial spaces. In addition, there are three RV spaces, offering diverse income streams. The current gross monthly rental income is $3,650. Utilities are billed to tenants. The property is zoned C-2, allowing for a variety of commercial and residential uses. Located at 3312 N 1st Ave, Tucson, AZ 85719, this property benefits from high visibility and traffic counts, estimated at 25,000-30,000 vehicles daily, according to Pima County data. Its strategic location offers easy access to major roads and is surrounded by shopping, dining, and parks. This prime location within an Enterprise Zone provides significant potential for both immediate income generation and future growth, making it an attractive investment for those seeking a diversified portfolio. The property's diverse income streams, combined with its prime location and flexible zoning, make it an exceptional opportunity in the Tucson market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.96094716133
    Latitude
    32.267057662392

    Nearby Similar for Sale

    • $470,000
      1,422 SF

      Charming Retail/Office Building Near U of A

      Historic 1,568 SF building suitable for retail or office use.
      629 E 9Th St, Tucson, AZ 85705
      View Details
    • $485,000
      2,013 SF

      Tucson Multi-Family Property For Sale

      Multi-family property near the University of Arizona.
      3025 N Olsen Ave, Tucson, AZ 85719
      View Details
    • $299,000
      1,777 SF

      Remodeled Freestanding Central Office Building

      Remodeled office building with modern finishes, flexible space, and storage.
      727 N Swan Rd, Tucson, AZ 85711
      View Details
    • $1,499,000
      6,702 SF

      Versatile Retail/Industrial Property in Tucson

      Retail/industrial property with flexible spaces and warehouse, near amenities.
      261 W Fort Lowell Rd, Tucson, AZ 85705
      View Details
    • $285,000
      1,463 SF

      Tucson Commercial Building For Sale

      Commercial building with B2 zoning in a high-growth residential area.
      3061 S Kinney Rd, Tucson, AZ 85713
      View Details
    • $945,000
      3,200 SF

      Renovated Building in Historic Area

      Meticulously renovated commercial building in Tucson's historic 'Miracle Mile'.
      210 W Drachman St, Tucson, AZ 85705
      View Details
    • $795,000
      0.22 Acres

      Tucson Commercial Property with Renovations

      Renovated commercial property with MU zoning and parking.
      3452 E Milton Rd, Tucson, AZ 85706
      View Details
    • $275,000
      1,476 SF

      Versatile Commercial Property with Storage

      Commercial property with C2 zoning, storage, and convenient highway access.
      125 E Flores St, Tucson, AZ 85705
      View Details
    • $1,200,000
      3,690 SF

      Tucson Warehouse and Office Space

      Versatile commercial property with warehouse and office space on large lot.
      2200 W La Osa St, Tucson, AZ 85705
      View Details
    • $545,000
      2,384 SF

      Midtown Tucson Mixed-Use Property

      Mixed-use property with showroom, workshop, and apartment in Tucson.
      3365 N Dodge Blvd, Tucson, AZ 85716
      View Details
    • New
      $9,000,000
      11.13 Acres

      Historic Guest Ranch Mini-Resort

      Tucson's renovated guest ranch with luxury villas and event infrastructure.
      10700 E Tanque Verde Rd, Tucson, AZ 85749
      View Details
    • New
      $395,000
      2,958 SF

      Four-Unit Income Property on Acre

      Income-producing four-unit property on a private acre lot.
      10473 S Nogales Hwy, Tucson, AZ 85756
      View Details

    FAQs

    What type of property is this?
    Retail space - 6-unit apartment, RV park, & retail
    Where is this retail space located?
    The property is located at 3312 1St Ave Tucson, AZ.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for a mixed-use property in Tucson, AZ.; 3,000 square feet on a 0.35-acre lot with C-2 zoning.; Six units total: two leased commercial spaces, one rent-ready 2bd/2ba apartment, and three RV spaces.
    (888) 834-3730 Call to check price and availability
    Request Owner's contact information
    3312 1St Ave Tucson, AZ 85719
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3312 1St Ave
    Tucson, AZ 85719
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3312 1St Ave Tucson, AZ 85719
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Elan Spreiser
    Elan Spreiser
    Real Estate License ID: BR669862000
    (888) 834-3730
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!