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    1980 Hospital Dr Tucson, AZ 85704

    For Sale
    $256,000

    Class A Medical Office, Vacant, High NOI

    Property size:
    1,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 1,280 sq ft Class A medical office condo in Tucson, AZ, offers a prime investment opportunity. Located near Northwest Hospital, this vacant suite boasts two private offices, three exam rooms, a spacious waiting area, reception area with two service windows, kitchen, and bathroom. Ample parking is available with 168 spaces. The property features a 40-year operating history and is ideal for one or two physicians and their staff. The building is three stories, and this unit is conveniently located near the elevator. A strong pro-forma NOI and attractive price per square foot make this a compelling investment. Fee simple ownership. Pima Co-SP zoning.

    Property Features for 1980 Hospital Dr

    General Information

    Property type
    Medical offices
    Square Feet
    1,280 SF
    Class
    A

    Building Details

    Stories
    3
    Units
    1

    HighLights

    • $256,000 asking price for this 1,280 square foot Class A medical office condo.
    • Vacant, fee simple ownership with a pro‑forma cap rate of 11.75% and NOI of $30,080.
    • Located at 1980 W Hospital Dr, Tucson, AZ 85704, offering convenient access to Northwest Hospital.
    • Features two private offices, three exam rooms, a spacious waiting area, reception area with two service windows, kitchen, and bathroom.
    • Ample parking with 168 spaces available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northwest PreProcedural Screening Hospital Department Kartchner Zane A MD Radiologist Ray Adam D ... Doctor Dr. Arnold B. ... Internist Dr. Heath Tennyson Otolaryngologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.0094354
    Latitude
    32.3195257

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    FAQs

    What type of property is this?
    Medical office - Class A Medical Office, Vacant, High NOI
    Where is this medical office located?
    The property is located at 1980 Hospital Dr Tucson, AZ.
    What is the asking price?
    The asking price for this property is $256,000.
    What are key features of this property?
    This property features: $256,000 asking price for this 1,280 square foot Class A medical office condo.; Vacant, fee simple ownership with a pro-forma cap rate of 11.75% and NOI of $30,080.; Located at 1980 W Hospital Dr, Tucson, AZ 85704, offering convenient access to Northwest Hospital.
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    Realmo Value Estimation

    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.

    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.

    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
    1980 Hospital Dr Tucson, AZ 85704
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