Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2222-2224 Craycroft Rd Tucson, AZ 85711
    Property profile & analytics

    2222-2224 Craycroft Rd, Tucson, AZ 85711

    View on Map
    • Retail properties & Spaces
    • 5,020 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2222-2224 Craycroft Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Class A executive office building, located at 2222-2224 S. Craycroft Road in Tucson, Arizona, presents a unique investment opportunity. Boasting 5,020 square feet of net rentable space, this property is priced at $925,000, or $184 per square foot. The building features a highly desirable C-2 zoning designation from the City of Tucson, allowing for a variety of commercial uses. Its strategic location on S. Craycroft Road provides significant signage opportunities and outstanding visibility, benefiting from an estimated 23,000 vehicles passing daily. The property includes three drive-through lanes and an interior vault, adding to its functionality and appeal. The substantial lot size of 52,783 square feet offers ample space. Note that a tax parcel split is pending, and a deed restriction prohibits the use of the property for financial services. This property is available for sale and represents a compelling investment in a high-traffic area of Tucson. The building's design and features make it ideal for a variety of executive office uses. Serious inquiries are encouraged.

    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
    -110.875
    Latitude
    32.197

    Comparable in this City

    • Value Estimation by Request
      23,843 SF

      3921-3949 29Th St

      Flex space
      3921-3949 29Th St, Tucson, AZ 85711
      View Details
    • Value Estimation by Request
      10,400 SF

      4901-5069 29Th St

      Distribution properties
      4901-5069 29Th St, Tucson, AZ 85711
      View Details
    • Value Estimation by Request
      89,115 SF

      5441 22Nd St

      Neighborhood centers
      5441 22Nd St, Tucson, AZ 85711
      View Details
    • Value Estimation by Request
      11,302 SF

      Swc Broadway & Camino Seco

      Restaurants
      0 Swc Broadway & Camino Seco, Tucson, AZ 85711
      View Details
    • Value Estimation by Request
      30,118 SF

      5555 Broadway Blvd

      Individual retail properties
      5555 Broadway Blvd, Tucson, AZ 85711
      View Details
    • Value Estimation by Request
      0.05 Acres

      2011 Alvernon Way

      NURSERY, GREENHOUSE, FLORIST
      2011 Alvernon Way, Tucson, AZ 85711-6215
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      83,188 SF

      Mixed-Use Retail Property For Sale

      Mixed-use retail property available for sale.
      4741 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • Contact for pricing
      4,252 SF

      McDonald's NNN Ground Lease Opportunity

      Corporate ground lease with a long-term tenant and prime location.
      6105 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • Contact for pricing
      11,253 SF

      High-Visibility Retail Space For Sale

      Retail property with frontage on Broadway Boulevard near Park Place.
      5919 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • Contact for pricing
      2,292 SF

      Restaurant Building on Heavily Trafficked Street

      Restaurant building with equipment on a heavily trafficked street.
      5810 E 22Nd St, Tucson, AZ 85711
      View Details
    • $275,000
      2,622 SF

      Tucson Office Building on 22nd

      Well-maintained office building on 22nd Street with expansion potential.
      5650 E 22Nd St, Tucson, AZ 85711
      View Details
    • $284,200
      2,030 SF

      Functional Office Space For Sale

      Office space with functional layout, great visibility, central location.
      711 North Swan Rd, Tucson, AZ 85711
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease in Tucson

      Commercial land available for lease at Broadway Blvd & Craycroft Rd.
      Wnwc Broadway Blvd & Craycroft Rd, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Retail Space in Tucson Center

      Prime retail spaces available at The Plaza at Williams Centre.
      5340-5480 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 5055 E Broadway Blvd.
      5055 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent, approximately 1 square foot.
      5441 E 22Nd St, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Broadway Frontage Retail/Office Space

      Highly visible retail and office spaces with flexible layouts.
      4625 E Broadway Blvd, Tucson, AZ 85711
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2222-2224 Craycroft Rd
    Tucson, AZ 85711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2222-2224 Craycroft Rd, Tucson, AZ, 85711
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!