9 E University Blvd, Tucson, AZ
Adaptable historic building with strong traffic and high accessibility.
- Added:
- Jun 28, 2024
- Days on Market:
- 740
- Last Refresh:
- May 20 at 9:52 pm
Property Features for 9 E University Blvd
General Information
- Standard status
- Active
- Size
- 12,076 SF
- Lot size
- 0.32 Acres
- Property subtype
- RETAIL
Listing office Picor Commercial Real Estate Services (520) 748-7100
Listing date Jun 28, 2024
Source Moodyscre
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 Picor Commercial Real Estate Services
HighLights
- High Walk Score (91): Walker's Paradise with exceptional walkability.
- High Traffic Counts: ±20,483 Average Daily Vehicles (ADV) on N Stone and E University Blvd.
- Close Proximity to Universities: 1.8 miles from the University of Arizona and 0.5 miles from Pima Community College Downtown Campus.
- Excellent Accessibility: Just 0.6 miles from I‑10.
- Abundant Local Amenities: Close to healthcare, grocery stores, shopping, entertainment, food, drink, and banking.
- Historic Building: Splendid historic building ready for modern adaptation.
Overview
Local Financial Insights For Retail
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 | $173.9k | $14.40 |
| − Vacancy | −$9.9k | −$0.82 |
| EGI | $164.0k | $13.58 |
| − OpEx | −$49.2k | −$4.07 |
| NOI | $114.8k | $9.51 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Arizona Flower Market — 500 N Tucson Blvd #190, Tucson, AZ 85716
- Apri Services — 500 N Tucson Blvd # 100, Tucson, AZ 85716
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.971
- Latitude
- 32.2319