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    1037 Alvernon Way Tucson, AZ 85711

    For Lease
    $15 SF/Yr ($6,458 /Mo)

    Prime Alvernon Retail/Office, 5,000 SF

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5,000-square-foot retail property, located at 1037 South Alvernon Way in Tucson, Arizona, presents a unique leasing opportunity. Built in 1980 and zoned O3, this multi-tenant building offers flexible space options. Currently, the entire 5,000 square feet is vacant and available for lease. The property is ideally suited for businesses requiring a minimum of 2,500 square feet, with a maximum contiguous space of 2,500 square feet. This allows for either a single tenant to occupy the entire space or the possibility of dividing the space into two 2,500-square-foot units. The property's prime location in Pima County, with easy access to major thoroughfares, ensures high visibility and convenient access for customers and employees. This versatile space is perfect for a variety of retail or office uses, offering a strong foundation for business growth in a thriving Tucson neighborhood. The property's 1980 construction provides a solid structure, ready for immediate occupancy and customization to meet specific business needs. Interested parties should inquire about lease terms and conditions. The zip code is 85711.

    Property Features for 1037 Alvernon Way

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Total Rate
    6458.33

    Building Details

    Year Built
    1980

    Unit(s) available at that property

    Space
    Suite 201
    Size
    2,500 SF
    Rate per SF
    $15
    Space
    Suite 200
    Size
    2,500 SF
    Rate per SF
    $15

    HighLights

    • 2,500 SF second‑floor suite.
    • Excellent location serving Southeast, Central, and South Tucson submarkets.
    • $15.50/SF full‑service gross lease rate.
    • O‑3 zoning (City of Tucson).
    • High‑visibility location on heavily trafficked Alvernon Way.
    • Suitable for financial services, real estate, insurance, and other professional uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cayce & Associates Law Legal Services Octavia Media Website Designer Sure Choice Insurance Insurance Agency IdentGo Medical Clinic DOT Drug and Alcohol ... Drug Testing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.9091706
    Latitude
    32.2082321

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    FAQs

    What type of property is this?
    Retail property - Prime Alvernon Retail/Office, 5,000 SF
    Where is this retail property located?
    The property is located at 1037 Alvernon Way Tucson, AZ.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 2,500 SF second-floor suite.; Excellent location serving Southeast, Central, and South Tucson submarkets.; $15.50/SF full-service gross lease rate.
    Request Owner's contact information
    1037 Alvernon Way Tucson, AZ 85711
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    Tucson, AZ 85711
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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
    1037 Alvernon Way Tucson, AZ 85711
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