Industrial Building with Gated
For Sale
Contact for pricing
Pending
960 E 17th St, Tucson, AZ 85719
8,637 SF industrial building featuring office, showroom, and warehouse space.
Property Size8,637 SF
Days on Market200
Property Features for 960 E 17th St
General Information
Standard status
Pending
Size
8,637 SF
Property subtype
Industrial
Zoning
I-1, City of Tucson
Building Details
Year Built
1968
Year Renovated
2024
Buildings
1
Stories
1
Listing Agency:
Equilibrium Real Estate Investments
Listed By:
Joseph Dietz · License #AZ 549120000
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 10 at 10:38AM
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 Equilibrium Real Estate Investments
Investment Insights
Based on property information with market context.
This industrial building offers 8,637 square feet of space suitable for an owner-user or investor. The property includes office areas, a showroom, supply rooms, and warehouse space with an 11-foot clear height. There are three loading bays, including two dock positions with levelers and one without, along with sliding doors measuring 8 feet, 9 feet, and 10 feet. The property is secured with gated access, featuring a tall wrought iron fence around the entire perimeter. The building is equipped with air conditioning and heating, and it has a 400 amp 120/208 volt 3-phase electrical system. Inside, there are two bathrooms, three storage rooms, and several clean rooms suitable for food-safe packaging and storage. A food service tenant currently occupies one of the units, but all terms are negotiable, including potential financing options.
Key Highlights
- 8,637 sq ft industrial building ideal for owner‑user or investor.
- Features 3 loading bays, including 2 dock positions with levelers.
- Gated access with a tall wrought iron fence secures the entire perimeter.
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
$82,098
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
8.25%
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%
$1,641,960
$1.6M
Cap Rate 7%
$1,172,829
$1.2M
Cap Rate 9%
$912,200
$912.2K
Market Conditions
NOI Build-Up for 8,637 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
$124.4K $14.40/SF
− Vacancy
−$7.1K −$0.82/SF
EGI
$117.3K $13.58/SF
− OpEx
−$35.2K −$4.07/SF
NOI
$82.1K $9.51/SF
Area
Tucson, AZ
Vacancy
5.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,641,960
Cap Rate 7%
$1,172,829
Cap Rate 9%
$912,200
Alternative Uses
Best Use
Retail
$1.17M
$1.03M – $1.37M
NOI $82,098 @ 7.0% cap · market cap 8.25%
Second Best
Warehouse
$1.09M
$950.0K – $1.27M
NOI $76,000 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,058 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
Median Home Value
Market
Vacancy Rate% for Industrial in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 8,637 SF industrial building featuring office, showroom, and warehouse space.
Where is this warehouse located?
The property is located at 960 E 17th St Tucson, AZ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8,637 sq ft industrial building ideal for owner‑user or investor.; Features 3 loading bays, including 2 dock positions with levelers.; Gated access with a tall wrought iron fence secures the entire perimeter.
