Tucson Medical Clinic For
For Sale
Contact for pricing
1780 W Anklam Rd, Tucson, AZ 85745
Single-tenant medical clinic on Carondelet St. Mary's Hospital campus.
Property Size13,084 SF
Lot Size1.71 Acres
Price / SF$262.70
Days on Market2026
Property Features for 1780 W Anklam Rd
General Information
Standard status
Active
Size
13,084 SF
Lot size
1.71 Acres
Property subtype
Office
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$232,005
Building Details
Year Built
1986
Year Renovated
2019
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License #IL 471007951
Source:
Crexi
Added: Jan 20, 2021
Changed: Aug 8
Last Checked: Aug 7 at 7:16AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
The property offered for sale is a single-tenant medical clinic located in Tucson, Arizona. The property includes the leasehold interest land and ownership of the building. The site encompasses 1.71 acres and features a 13,084-square-foot medical clinic. The tenant recently completed a comprehensive remodel and modernization of the property in conjunction with a long-term lease extension. The tenant has successfully occupied and operated at this location since 1986. The property is situated along West Anklam Road, which sees approximately 14,000 vehicles per day, and is located on the campus of Carondelet Health Network's St. Mary's Hospital. The surrounding area within a ten-mile radius has an approximate population of 593,000 with an average household income of $83,000. The initial lease term is for fifteen years, with three five-year renewal options. The lease is the tenant’s standard form used across the majority of its 2,700 locations, a highly passive net lease that is landlord friendly and includes complete reimbursement and pass-through of the cost of the ground rent. The lease also provides for rental increases of ten percent every five years.
Key Highlights
- Long‑term lease with a 15‑year initial term and three 5‑year renewal options provides stable income.
- Located on the campus of Carondelet Health Network's St. Mary's Hospital.
- Tenant has occupied and operated successfully at this location since 1986.
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
$191,189
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
5.56%
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%
$3,823,780
$3.8M
Cap Rate 7%
$2,731,271
$2.7M
Cap Rate 9%
$2,124,322
$2.1M
Market Conditions
NOI Build-Up for 13,084 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
$282.6K $21.60/SF
− Vacancy
−$27.7K −$2.12/SF
EGI
$254.9K $19.48/SF
− OpEx
−$63.7K −$4.87/SF
NOI
$191.2K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,823,780
Cap Rate 7%
$2,731,271
Cap Rate 9%
$2,124,322
Alternative Uses
Best Use
Office B
$2.73M
$2.39M – $3.19M
NOI $191,189 @ 7.0% cap · market cap 5.56%
Second Best
Healthcare Medical
$2.49M
$2.18M – $2.90M
NOI $174,279 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$3.40M
$2.97M – $3.97M
NOI $237,924 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85745, AZ
36,774
Population
17,662
Households
2.1
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
47.0 sq mi
ZIP Area
782
Density / Sq Mi
$68,608
Median Household Income
$40,353
Median Earnings
$1,128
Median Rent
$324,100
Median Home Value
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant medical clinic on Carondelet St. Mary's Hospital campus.
Where is this medical office space located?
The property is located at 1780 W Anklam Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $3,437,118.
What are key features of this property?
This property features: Long‑term lease with a 15‑year initial term and three 5‑year renewal options provides stable income.; Located on the campus of Carondelet Health Network's St. Mary's Hospital.; Tenant has occupied and operated successfully at this location since 1986.
