Furnished Bar and Restaurant
For Sale
Under Contract
$264,000
9022 S Nogales Highway, Tucson, AZ 85756
Commercial Sale, Tucson, AZ
Property Size1,500 SF
Lot Size0.51 Acres
Price / SF$176
Days on Market22
Property Features for 9022 S Nogales Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Pima County - GR1
Directions
From Valencia Road south on Nogales Highway to address
Subdivision
South
Standard status
Active Under Contract
APN
140520560
Size
1,500 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L-S ACRES LOT 7
Tax Annual Amount
2069
Legal Description
L-S ACRES LOT 7
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Cooling system
Central Air, Evaporative Cooling
Water source
Public
Amenities
event room
Building Details
Year built
1956
Roof type
Built-Up
Listing Agency:
Realty Executives Arizona Territory · Realty Executives International
(520) 314-3255
Listed By:
Sonya M. Lucero
Added: Aug 1
Changed: Aug 20
Last Checked: Aug 22 at 3:06AM
MLS# 22620274
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,500-square-foot bar and restaurant property includes furnishings, an event room, and a patio. The building was constructed in 1956 and has a built-up roof, natural gas heating, central air, and evaporative cooling. Public water and a septic tank serve the property.
The 0.51-acre site is located at 9022 S Nogales Highway in Tucson, Arizona. Pima County - GR1 zoning applies to the property.
The 0.51-acre site is located at 9022 S Nogales Highway in Tucson, Arizona. Pima County - GR1 zoning applies to the property.
Key Highlights
- 1,500‑square‑foot bar and restaurant property
- Furnished interior with event room and patio
- 0.51‑acre site at 9022 S Nogales Highway
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
$15,277
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
5.79%
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%
$305,540
$305.5K
Cap Rate 7%
$218,243
$218.2K
Cap Rate 9%
$169,744
$169.7K
Market Conditions
NOI Build-Up for 1,500 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
$21.6K $14.40/SF
− Vacancy
−$1.2K −$0.82/SF
EGI
$20.4K $13.58/SF
− OpEx
−$5.1K −$3.39/SF
NOI
$15.3K $10.18/SF
Area
Tucson, AZ
Vacancy
5.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$305,540
Cap Rate 7%
$218,243
Cap Rate 9%
$169,744
Alternative Uses
Best Use
Specialty Retail
$218.2K
$191.0K – $254.6K
NOI $15,277 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.7K
$341.0K – $454.6K
NOI $27,276 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
El Toro Tire Shop Llc
Shops & Services
1,892 visits/mo
0.3 miles
Demographics for 85756, AZ
35,345
Population
12,772
Households
2.8
Avg Household Size
36
Median Age
19%
College-Educated
83%
High-School Grad
93.7 sq mi
ZIP Area
377
Density / Sq Mi
$67,617
Median Household Income
$38,648
Median Earnings
$1,256
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Established commercial space with an event room, patio, and furnishings in place.
Where is this bar & pub located?
The property is located at 9022 S Nogales Highway Tucson, AZ.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: 1,500‑square‑foot bar and restaurant property; Furnished interior with event room and patio; 0.51‑acre site at 9022 S Nogales Highway
