Move-In Ready Medical Office
For Sale
Contact for pricing
2102 N Country Club Rd, Tucson, AZ 85716
Corner unit ideal for medical or professional practice.
Property Size3,028 SF
Price / SF$148.28
Days on Market1010
Property Features for 2102 N Country Club Rd
General Information
Standard status
Active
Size
3,028 SF
Property subtype
Office
Zoning
O-3
Building Details
Year Built
2002
Units
1
Listing Agency:
Oxford Realty Advisors, Inc
(520) 232-0200
Listed By:
Doug Marsh · License #AZ BR018593000
Source:
Crexi
Added: Nov 15, 2023
Changed: Aug 21
Last Checked: May 12 at 9:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oxford Realty Advisors, Inc
Investment Insights
Based on property information with market context.
This 3,028 square foot property is zoned for office or medical use and is currently built out for medical purposes, making it move-in ready. The corner unit offers visibility on Country Club Road, situated at the northeast corner of Country Club and Seneca. It is suitable for medical practices, professional services, or general office use. The building provides signage opportunities directly on Country Club Road.
Key Highlights
- Zoned for office/medical, currently built‑out for medical use, and move‑in ready.
- Corner unit with high visibility on Country Club Rd.
- Great building signage directly on Country Club Rd.
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
$40,333
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
8.98%
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%
$806,660
$806.7K
Cap Rate 7%
$576,186
$576.2K
Cap Rate 9%
$448,144
$448.1K
Market Conditions
NOI Build-Up for 3,028 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
$72.7K $24.00/SF
− Vacancy
−$5.5K −$1.80/SF
EGI
$67.2K $22.20/SF
− OpEx
−$26.9K −$8.88/SF
NOI
$40.3K $13.32/SF
Area
Tucson, AZ
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$806,660
Cap Rate 7%
$576,186
Cap Rate 9%
$448,144
Alternative Uses
Best Use
Office B
$632.1K
$553.1K – $737.4K
NOI $44,246 @ 7.0% cap · market cap 9.85%
Second Best
Healthcare Medical
$576.2K
$504.2K – $672.2K
NOI $40,333 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$786.6K
$688.3K – $917.7K
NOI $55,062 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85716, AZ
31,521
Population
19,025
Households
1.7
Avg Household Size
39
Median Age
42%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
4,378
Density / Sq Mi
$47,009
Median Household Income
$33,367
Median Earnings
$1,021
Median Rent
$300,900
Median Home Value
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner unit ideal for medical or professional practice.
Where is this medical office space located?
The property is located at 2102 N Country Club Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Zoned for office/medical, currently built‑out for medical use, and move‑in ready.; Corner unit with high visibility on Country Club Rd.; Great building signage directly on Country Club Rd.
