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    4601 Ajo Hwy Tucson, AZ 85757

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    For Lease
    Contact for pricing

    Prime Tucson Commercial Land, Build-to-Suit

    Lot size:
    96,317 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional commercial land opportunity presents a unique investment prospect in Tucson, Arizona. Located at the highly visible southwest corner of Ajo Highway (AZ 86) and Camino de Oeste, this property offers unparalleled access and exposure. The site consists of three parcels, with parcel numbers 21250136B, 21250138C, and 21250139A, totaling a significant land area. The property is zoned CB-1 and CB-2, allowing for a variety of commercial development options. This versatile land is ideal for build-to-suit projects or ground lease arrangements, catering to a wide range of commercial ventures. Its strategic location in Pima County, with a Tucson address (4601 W Ajo Hwy, 85757), ensures high visibility and easy accessibility for customers and employees. The property's latitude and longitude coordinates are 32.172703 and -111.063355 respectively. This prime location, combined with flexible zoning, makes this an exceptional opportunity for investors seeking high-impact commercial development in a thriving market. The single-tenancy potential allows for customized development to meet specific business needs. Serious inquiries are encouraged to explore the possibilities of this remarkable commercial land parcel.

    Property Features for 4601 Ajo Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    96,317 SF

    Unit(s) available at that property

    Space
    Size
    96,317 SF

    We can help!

    Listing Contact
    Juan Pantoja
    Juan Pantoja

    Learn more

    Property Insight Report

    HighLights

    • High‑visibility commercial land in Tucson, AZ, at the southwest corner of Ajo Highway (AZ 86) and Camino de Oeste.
    • Three parcels (21250136B, 21250138C, 21250139A) totaling significant acreage.
    • CB‑1 and CB‑2 zoning allows for diverse commercial development.
    • Ideal for build‑to‑suit projects or ground leases.
    • Prime location in Pima County, 4601 W Ajo Hwy, Tucson, AZ 85757, offers excellent accessibility and visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Pharmacy Auto Parts Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.063355
    Latitude
    32.172703

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    FAQs

    What type of property is this?
    Land - Prime Tucson Commercial Land, Build-to-Suit
    Where is this land located?
    The property is located at 4601 Ajo Hwy Tucson, AZ.
    What are key features of this property?
    This property features: High-visibility commercial land in Tucson, AZ, at the southwest corner of Ajo Highway (AZ 86) and Camino de Oeste.; Three parcels (21250136B, 21250138C, 21250139A) totaling significant acreage.; CB-1 and CB-2 zoning allows for diverse commercial development.
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    4601 Ajo Hwy Tucson, AZ 85757
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    Tucson, AZ 85757
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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
    4601 Ajo Hwy Tucson, AZ 85757
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    We can help!
    Listing Contact
    Juan Pantoja
    Juan Pantoja
    Real Estate License ID: SA661485000
    Learn more
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