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    Magee Rd Tucson, AZ 85704

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    Magee Rd Tucson, AZ 85704

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    • Neighborhood centers
    • 88,665 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AnnieMac Home Mortgage - Tucson / Loan Service / Bank
    • Tucson West Stake Center / Church
    • Digi Pro, Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Orepro Inc / Industrial Manufacturer / Production Facility
    • Cortland North Tucson / Apartment Complex / Apartment Building

    Property Details for 0 Magee Rd

    Property size
    88,665 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Entrada de Oro Plaza presents a compelling investment opportunity in the affluent Oro Valley area, just north of Tucson, Arizona. This well-located strip center totals 88,665 square feet and offers multiple tenancy options. Currently, 5,870 square feet of retail space is available, divisible into units ranging from a minimum of 1,220 square feet to a maximum contiguous space of 2,400 square feet. The plaza enjoys a prime location at the southwest corner of Magee Road and Oracle Road, providing exceptional visibility and accessibility. Its strategic placement adjacent to Oracle Crossing Shopping Center, anchored by major retailers like Kohl's and Sprouts, ensures high foot traffic and exposure to a substantial customer base. The surrounding area is characterized by a high-income, well-educated population, creating a strong demographic profile for retail businesses. The center benefits from a Walmart Neighborhood Market as a significant anchor tenant, further enhancing its appeal and drawing power. This presents a rare opportunity to establish a presence in a thriving retail environment with strong potential for growth and return on investment within Pima County. The available spaces are ideal for a variety of retail or restaurant concepts seeking to capitalize on the area's affluent demographics and convenient location.

    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
    -110.977
    Latitude
    32.3505

    Comparable in this City

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      1,938 SF

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      2,400 SF

      1987 River Rd

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      91,121 SF

      7850-7952 Oracle Rd

      Neighborhood centers • 91,121 SF
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      117,846 SF

      Sec Orange Grv Rd

      Lifestyle centers • 117,846 SF
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      8,110 SF

      5809-5851 Oracle Rd

      Neighborhood centers • 8,110 SF
      5809-5851 Oracle Rd, Tucson, AZ 85704
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    • 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

    Similar Nearby for Sale

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      265,530 SF

      Oracle Crossings Retail Center

      265,530 SF retail center in Tucson, Arizona.
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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.
      12925 N Oracle Rd, Tucson, AZ 85704
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      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
      3,500 SF

      High-Traffic Retail Investment Opportunity

      NNN leased Mattress Firm with strong corporate guarantee.
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      15,100 SF

      Tucson Retail Property For Sale

      NNN leased retail property with long-term tenant in Tucson, AZ.
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    Similar Nearby for Lease

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      Retail Space on Oracle Road

      Retail and office spaces available for rent on Oracle.
      7315 N Oracle Rd, Tucson, AZ 85704
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      Retail Pads at Fiesta Plaza

      High-visibility retail pads available in Tucson's active north side.
      5001 N Oracle Rd, Tucson, AZ 85704
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      750 SF

      Renovated Retail Space Available

      Recently renovated retail spaces available near Tucson Mall.
      6421-6453 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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      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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      800 SF

      Retail Space in Oracle Plaza

      Retail space available in a shopping center anchored by Natural Grocers.
      6342 N Oracle Rd, Tucson, AZ 85704
      View Details
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    Magee Rd
    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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