Office Space For
For Sale
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1702 W Anklam Rd, Tucson, AZ 85745
Office property available for purchase.
Property Size1,276 SF
Price / SF$214.73
Days on Market839
Property Features for 1702 W Anklam Rd
General Information
Standard status
Active
Size
1,276 SF
Class
B
Total Parking Spaces
2
Property subtype
Office
Zoning
O-3, City of Tucson
Investment Type
Owner/User
Building Details
Year Built
1986
Stories
1
Units
1
Listing Agency:
CBRE - Tucson
Listed By:
David Montijo · License #AZ
(520) 323-5100
Source:
Crexi
Added: Jun 20, 2024
Changed: Oct 5
Last Checked: Oct 5 at 7:02PM
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 CBRE - Tucson
Investment Insights
Based on property information with market context.
This commercial real estate property, suitable for office use, offers 1276 square feet of space. It is currently listed for sale.
Key Highlights
- For sale
- Year Built: 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,645
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,900
$372.9K
Cap Rate 7%
$266,357
$266.4K
Cap Rate 9%
$207,167
$207.2K
Market Conditions
NOI Build-Up for 1,276 SF
Gross rent
$27.6K $21.60/SF
− Vacancy
−$2.7K −$2.12/SF
EGI
$24.9K $19.48/SF
− OpEx
−$6.2K −$4.87/SF
NOI
$18.6K $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 Rate 5%
$372,900
Cap Rate 7%
$266,357
Cap Rate 9%
$207,167
Alternative Uses
Best Use
Office B
$266.4K
$233.1K – $310.8K
NOI $18,645 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.5K
$290.0K – $386.7K
NOI $23,203 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
961
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Office space - Office property available for purchase.
Where is this office space located?
The property is located at 1702 W Anklam Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $274,000.
What are key features of this property?
This property features: For sale; Year Built: 1986
