Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5350-5390 Erickson Dr Tucson, AZ 85712
    Back to Search
    Property profile & analytics

    5350-5390 Erickson Dr Tucson, AZ 85712

    View on Map
    • Office properties & Spaces
    • 12,963 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 5350-5390 Erickson Dr

    Property size
    12,963 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional medical office building, located at 5350-5390 E Erickson in Tucson, Arizona, presents a unique opportunity for healthcare providers. The entire 12,963 square foot building is currently vacant and available for lease. The property is ideally suited for a single large tenant seeking a substantial space or multiple tenants seeking smaller suites. Flexible lease terms are available to accommodate various needs. The building offers a minimum divisible space of 5,377 square feet, allowing for smaller practices to establish themselves, while a maximum contiguous space of 7,586 square feet is available for larger organizations. Situated in Pima County, with a zip code of 85712, this property benefits from excellent visibility and accessibility. The building's location provides convenient access to major transportation routes and a thriving medical community. This is a rare opportunity to secure a substantial, fully vacant medical office building in a desirable Tucson location. The property is ready for immediate occupancy and customization to meet the specific requirements of the tenant(s). Contact us today to schedule a viewing and discuss your leasing options. This is a turnkey solution for your practice's expansion or relocation needs. Don't miss this chance to secure a prime location for your medical practice 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
    -110.878
    Latitude
    32.2491

    Comparable in this City

    • Value Estimation by Request
      2,280 SF

      5225 Knight Dr

      Medical Office Space • 2,280 SF
      5225 Knight Dr, Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      12,609 SF

      2221 Rosemont Blvd

      Medical Office Space • 12,609 SF
      2221 Rosemont Blvd, Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      57,259 SF

      1400 Wilmot Rd

      Medical Office Space • 57,259 SF
      1400 Wilmot Rd, Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      2,280 SF

      5225 Knight Dr

      Medical Office Space • 2,280 SF
      5225 Knight Dr, Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      3,147 SF

      5977-5983 Grant Rd

      Medical Office Space • 3,147 SF
      5977-5983 Grant Rd, Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      100,284 SF

      2900-2990 Swan Rd

      Restaurants • 100,284 SF
      2900-2990 Swan Rd, Tucson, AZ 85712
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,224 SF

      Furnished Medical Condo on Campus

      Furnished medical condo located on Tucson Medical Center campus.
      5240 E Knight Dr, Tucson, AZ 85712
      View Details
    • Contact for pricing
      1,253 SF

      Medical Office Space Available

      Medical office space featuring exam and procedure rooms for rent.
      6206 E Pima St, Tucson, AZ 85712
      View Details
    • Contact for pricing
      7,607 SF

      Former Surgery Center For Sale

      Two-story, high-profile building suitable for medical or professional office use.
      1241 N Wilmot Rd, Tucson, AZ 85712
      View Details
    • Contact for pricing
      2,192 SF

      Medical/Professional Office Space Available

      Functional layout suitable for medical or professional office uses.
      1500 N Wilmot Rd, Tucson, AZ 85712
      View Details
    • Contact for pricing
      2,910 SF

      Medical Office Space Available

      Medical office space featuring exam rooms and handicap access.
      6238-6246 E Pima St, Tucson, AZ 85712
      View Details
    • Contact for pricing
      3,152 SF

      Office Space Available For Sale

      Office space featuring 3,152 square feet available for purchase.
      6115 East Grant Rd, Tucson, AZ 85712
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,002 SF

      Versatile Space in Central Tucson

      Medical, office, and retail spaces available in convenient location.
      1605 N Wilmot Rd, Tucson, AZ 85712
      View Details
    • Contact for pricing
      4,598 SF

      Medical Office Near TMC

      Medical office space with convenient access to TMC.
      2350 N Kibler Pl, Tucson, AZ 85712
      View Details
    • Contact for pricing
      1,355 SF

      Eastside Tucson Medical Office Space

      Professional/medical office space with ample parking and high visibility.
      5977 E Grant Rd, Tucson, AZ 85712
      View Details
    • Contact for pricing
      3,158 SF

      Turn-Key Medical Office Space

      Furnished medical office between Tucson Medical Center and St. Joseph’s.
      6226 E Pima St, Tucson, AZ 85712
      View Details
    • Contact for pricing

      Medical Office Near Tucson Medical

      Medical office space available for short-term lease near Tucson
      2122 N Craycroft Rd, Tucson, AZ 85712
      View Details
    • Contact for pricing
      1,650 SF

      Mid-Town Office & Medical Space

      Professional office and medical space available immediately in mid-town Tucson.
      3925 E Fort Lowell Rd, Tucson, AZ 85712
      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.
    5350-5390 Erickson Dr
    Tucson, AZ 85712
    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
    5350-5390 Erickson Dr, Tucson, AZ, 85712
    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!