Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Old Spanish Trl And Tucson, AZ 85748
    Back to Search
    Property profile & analytics

    Old Spanish Trl And Tucson, AZ 85748

    View on Map
    • Land
    • 1.93 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 0 Old Spanish Trl And

    Lot size
    1.93 lot acres
    Property type
    Land

    Description

    This exceptional 1.93-acre commercial land parcel presents a remarkable investment opportunity in Tucson, Arizona. Ideally situated at the intersection of East Old Spanish Trail and South Harrison, this property boasts a prime location within Pima County, zip code 85748. The land is comprised of two parcels, identified by APN numbers 134-05-118K (35,000 square feet) and 134-05-118V (49,223 square feet). Zoned R-3, this property offers significant development potential. The R-3 zoning allows for a high-density residential development, with the potential for up to 36 units per acre, making it an attractive prospect for multi-family housing projects. This translates to a substantial number of potential units given the total acreage. The seller is also open to selling the parcels individually, providing flexibility for potential buyers. This prime location and zoning regulations create a unique opportunity for investors seeking a high-return development project in a thriving Tucson neighborhood. Detailed site plans and zoning information are readily available upon request. Don't miss this chance to acquire a highly desirable piece of land in a rapidly growing area.

    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
    -110.79
    Latitude
    32.2076

    Comparable in this City

    • Value Estimation by Request
      4.20 Acres

      Vozack Ln

      Land • 4.20 Acres
      0 Vozack Ln, Tucson, AZ 85748
      View Details
    • Value Estimation by Request
      52,949 SF

      22nd St & Harrison Rd

      Retail properties & Spaces • 52,949 SF
      22nd St & Harrison Rd, Tucson, AZ 85748
      View Details
    • Value Estimation by Request
      7.50 Acres

      10325 22nd St

      VACANT COMMERCIAL LAND • 7.50 Acres
      10325 22nd St, Tucson, AZ 85748
      View Details
    • Value Estimation by Request
      1.02 Acres

      5 Houghton Rd

      VACANT COMMERCIAL LAND • 953 SF
      5 Houghton Rd, Tucson, AZ 85748-6701
      View Details
    • Value Estimation by Request
      0.43 Acres

      2505 Harrison Rd

      VACANT COMMERCIAL LAND • 0.43 Acres
      2505 Harrison Rd, Tucson, AZ 85748-8137
      View Details
    • Value Estimation by Request
      1,920 SF

      22nd St & Harrison Rd

      Lifestyle centers • 1,920 SF
      22nd St & Harrison Rd, Tucson, AZ 85748
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Tucson, Arizona

      Land for sale at E Old Spanish Trail and S Harrison.
      E Old Spanish Trl And S Harrison, Tucson, AZ 85748
      View Details
    • $1,000,000
      4.00 Acres

      4-Acre Lot on Broadway

      Expansive 4-acre lot with SR1 zoning and no HOA.
      51 S Melpomene Way, Tucson, AZ 85748
      View Details
    • Contact for pricing
      16 SF

      Prime Commercial Land Available

      Located on major corridor, development-ready with PAD zoning.
      10325 East 22Nd St, Tucson, AZ 85748
      View Details
    • Contact for pricing

      Corner Land Parcel For Sale

      Land parcel at major intersection, suitable for commercial development.
      10330 S Houghton Rd, Tucson, AZ 85748
      View Details
    • $230,000
      3.35 Acres

      Tucson Eastside Hillside Land Parcel

      3.35-acre horse property with expansive city and mountain views.
      11319 E Calle Catalina, Tucson, AZ 85748
      View Details
    • $1,400,000
      4,500 SF

      Retail Building at Broadway & Houghton

      4,500 SF retail building at a hard corner.
      150 S Houghton Rd, Tucson, AZ 85748
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,500 SF

      Retail Space in Southeast Tucson

      Retail space available in a dominant shopping area.
      9580-9660 E 22Nd St, Tucson, AZ 85748
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space Near Galaxy Theatre

      Retail space available across from Galaxy Luxury Theatre.
      105 S Houghton Rd, Tucson, AZ 85748
      View Details
    • Contact for pricing
      1,950 SF

      Retail Space in Anchored Center

      Retail space in Albertson's anchored shopping center for rent.
      64 N Harrison Rd, Tucson, AZ 85748
      View Details
    • Contact for pricing
      2,107 SF

      Medical Office on Houghton Campus

      Turnkey medical suite with ample parking available for lease.
      2200 S Houghton Rd, Tucson, AZ 85748
      View Details
    • Contact for pricing

      22nd St & Houghton Road, Tucson, AZ 85748

      Shopping centers
      22nd St & Houghton Rd, Tucson, AZ 85748
      View Details
    • Contact for pricing

      Retail Space in Southeast Tucson

      Retail space available in a dominant shopping area.
      22nd St & Harrison Rd, Tucson, AZ 85748
      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.
    Old Spanish Trl And
    Tucson, AZ 85748
    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
    Old Spanish Trl And, Tucson, AZ, 85748
    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!