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Property profile & analytics
OFF-MARKET
Lifestyle centers

11901-11941 1St Ave Oro Valley, AZ 85737

41,642 SF 6.58 ac lot Built 2007
Property ID
Property summary
AI-generated overview

This exceptional 41,642 square foot, 14-tenant retail center in Oro Valley, Arizona, presents a compelling investment opportunity. Anchored by a long-term Ace Hardware and featuring a diverse mix of national and local tenants including Subway, Edward Jones, Anytime Fitness, and Athletico Physical Therapy, the property boasts 100% occupancy and a strong NOI of $709,995. Built in 2007, the four-building, single-story center sits on a 6.58-acre lot and benefits from recent parking lot improvements (2023) and attractive custom art installations. The property enjoys a prime location with excellent visibility and access from Tangerine Road and 1st Avenue, experiencing high traffic counts (±40,155 vehicles daily at the intersection). Situated within affluent neighborhoods, including Rancho Vistoso and Catalina Shadows, the center serves a high-income demographic (average household income of nearly $145,000 within 1 mile). The center's consistent performance is further evidenced by its strong year-over-year visit growth (nearly 663,000 visits in the past 12 months, according to Placer.ai data), placing it in the top 10% of Tucson centers based on visits per square foot. The stabilized investment offers a 6.89% cap rate and an asking price of $10,300,000 ($247.35/sq ft). The majority of tenants have been in place for over a decade, with built-in rent bumps providing consistent income growth. APN: 224-02-1710, 224-02-1720.

Property profile
Verified
Property type Lifestyle centers
Year built 2007
Total area 41,642 SF
Lot 6.58 ac (286,625 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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