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    Nec Tucson Blvd And Drexel Rd Tucson, AZ 85706

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    For Sale
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    Prime Tucson commercial land near the airport.

    Property Features for 0 Nec Tucson Blvd And Drexel Rd

    General Information

    Property type
    Land
    Lot Size
    578,041 SF

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    Listing Contact
    Paul Hooker
    Paul Hooker

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

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

    Learn more

    Overview

    This exceptional 13.27-acre commercial land parcel presents a unique investment opportunity in Tucson, Arizona. Strategically located at the northeast corner of Tucson Boulevard and Drexel Road, this property boasts significant visibility and accessibility. Its prime location offers easy access to the main entrance corridor of Tucson International Airport, averaging 150 daily flight arrivals. The property benefits from a highly advantageous C-2 General Commercial zoning designation, allowing for a wide array of potential commercial developments. The site features extensive frontage along both Tucson Boulevard and Drexel Road, further enhancing its visibility and appeal. A signalized intersection provides excellent ingress and egress for potential businesses. Adding to its desirability, this land is situated within two miles of Interstate 10, providing convenient access to major transportation routes. Furthermore, the property is located within an Opportunity Zone (Census Tract 41.17), offering potential tax advantages for investors. This exceptional location, combined with its versatile zoning and high visibility, makes this 13.27-acre parcel an ideal investment for developers seeking a prime location in a thriving area of Tucson. The property's size and location provide ample opportunity for a variety of commercial uses, making it a highly attractive investment prospect. The zip code is 85706, and the property is in Pima County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.9348832
    Latitude
    32.1487304

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    FAQs

    What type of property is this?
    Land - Prime Tucson commercial land near the airport.
    Where is this land located?
    The property is located at Nec Tucson Blvd And Drexel Rd Tucson, AZ.
    What are key features of this property?
    This property features: High-traffic location adjacent to Tucson International Airport (150 average daily arrivals).; Situated in an Opportunity Zone (Census Tract 41.17).; Prime corner lot with excellent visibility at a signalized intersection of Tucson Boulevard and Drexel Road.
    (520) 748-7100 Call to check price and availability
    Request Owner's contact information
    Nec Tucson Blvd And Drexel Rd Tucson, AZ 85706
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    Tucson, AZ 85706
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    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
    Nec Tucson Blvd And Drexel Rd Tucson, AZ 85706
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    Contact for Pricing
    Please call us for current price
    and status of this listing Paul Hooker
    Paul Hooker
    Real Estate License ID: SA117489000
    (520) 748-7100 (520) 891-8811 (520) 546-2704
    Learn more
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