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    5809-5851 Oracle Rd Tucson, AZ 85704

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    5809-5851 Oracle Rd Tucson, AZ 85704

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    • Neighborhood centers
    • 8,110 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 5809-5851 Oracle Rd

    Property size
    8,110 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Placita Del Norte, located at 5809-5851 N. Oracle Rd in Tucson, Arizona (zip code 85704), presents a compelling retail investment opportunity. This strip center totals 8,110 square feet and is zoned CB-1. Currently, there are 5 available spaces ranging from a minimum of 990 square feet to a maximum contiguous space of 3,200 square feet. The total vacant space available is 10,160 square feet, offering significant potential for expansion or multiple tenant occupancy. The property benefits from a strong location, surrounded by established businesses including Best Western Inn, Boxing Inc. North, TJ Maxx, Natural Grocers, Bed Bath & Beyond, and Starbucks, ensuring high visibility and foot traffic. This presents a unique chance to establish a presence in a thriving retail corridor within Pima County. The property's multiple tenancy allows for flexibility in leasing arrangements, catering to a variety of business needs. Interested parties should note the minimum divisible space is 990 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.979
    Latitude
    32.3128

    Comparable in this City

    • Value Estimation by Request
      91,121 SF

      7850-7952 Oracle Rd

      Neighborhood centers • 91,121 SF
      7850-7952 Oracle Rd, Oro Valley, AZ 85704
      View Details
    • Value Estimation by Request
      117,846 SF

      Sec Orange Grv Rd

      Lifestyle centers • 117,846 SF
      0 Sec Orange Grv Rd, Tucson, AZ 85704
      View Details
    • Value Estimation by Request
      88,665 SF

      Magee Rd

      Neighborhood centers • 88,665 SF
      0 Magee Rd, Tucson, AZ 85704
      View Details
    • Value Estimation by Request
      0.02 Acres

      7001 Oracle Rd, Unit 7153

      SHOPPING CENTER, STRIP CENTER • 0.02 Acres
      7001 Oracle Rd, Tucson, AZ 85704-4329
      View Details
    • Value Estimation
      $855,000
      7,760 SF

      9630 Oracle Rd

      SHOPPING CENTER, STRIP CENTER • 7,760 SF
      9630 Oracle Rd, Tucson, AZ 85704-6800
      View Details
    • Value Estimation
      $6,680,000
      69,732 SF

      2040 Orange Grv Rd

      SHOPPING CENTER, STRIP CENTER • 69,732 SF
      2040 Orange Grv Rd, Tucson, AZ 85704-1200
      View Details

    Similar Nearby for Sale

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      4,520 SF

      Freestanding Drive-Thru Restaurant For Sale

      Freestanding drive-thru restaurant in Oro Valley, Arizona, for sale.
      9660 North Oracle Rd, Oro Valley, AZ 85704
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      84,844 SF

      Thriving Retail Center in Oro Valley

      84,844 SF retail center in Tucson, AZ for sale.
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      265,530 SF

      Oracle Crossings Retail Center

      265,530 SF retail center in Tucson, Arizona.
      7881 N Oracle Rd, Tucson, AZ 85704
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    • Contact for pricing
      259,631 SF

      Oro Valley Shopping Center

      Retail power center in affluent Tucson suburb for sale.
      7607-7841 N Oracle Rd, Tucson, AZ 85704
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    • $2,940,000
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      High-Traffic Retail Investment Opportunity

      NNN leased Mattress Firm with strong corporate guarantee.
      7201 N Oracle Rd, Tucson, AZ 85704
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      3,106 SF

      Retail/Medical Space on Oracle Road

      Retail or medical space with frontage on Oracle Road.
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    Similar Nearby for Lease

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      1,563 SF

      Retail Space in Tucson, Arizona

      Retail property with high visibility and upscale tenant mix.
      7980 N Oracle Rd, Tucson, AZ 85704
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    • Contact for pricing
      88,666 SF

      Oro Valley Retail Center Space

      Retail space in affluent Oro Valley location for lease.
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      1,200 SF

      Retail Space in Anchored Center

      Retail space available in Albertson's anchored shopping center.
      5075-5097 N La Canada Dr, Tucson, AZ 85704
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      33,630 SF

      Oracle Plaza Retail Space Available

      Retail space for lease in a busy shopping center.
      6230-6336 N Oracle Rd, Tucson, AZ 85704
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      Oracle Road Commercial Space Available

      Commercial space for rent on Oracle Road, Tucson, Arizona.
      5931 N Oracle Rd, Tucson, AZ 85704
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      3,880 SF

      Retail Space in Bashas' Center

      Retail space available in a Bashas' anchored shopping center.
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    Tucson, AZ 85704
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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