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    8701 Oracle Rd Tucson, AZ 85704
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    8701 Oracle Rd Tucson, AZ 85704

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    • Land
    • 22.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8701 Oracle Rd

    Lot size
    22.16 lot acres
    Property type
    Land

    Description

    This exceptional ±22.16-acre parcel presents a unique investment opportunity in Oro Valley, Arizona. Strategically located at the southwest corner of Oracle Road and Hardy Road, this property boasts a prime location along a major arterial route leading from Tucson into the thriving Oro Valley community. The site offers a blend of commercial and residential zoning, specifically C-1 and R1-144, providing flexibility for diverse development plans. Approximately ±3.56 acres are designated for commercial use, situated at the north end of the property and directly facing Hardy Road, offering excellent visibility and accessibility. The remaining acreage is zoned for residential development. While the total offering encompasses ±22.16 acres, an additional ±4.77-acre parcel is available for separate purchase, located on the south end of the main parcel and fronting Camino Greenfield. This presents an opportunity to acquire a larger contiguous land holding. The property's address is 8701 N Oracle Rd, Oro Valley, AZ 85704, within Pima County. This location benefits from proximity to established amenities and a rapidly expanding population base, making it an attractive prospect for both developers and investors seeking significant returns in a high-growth market. The property's size and zoning versatility offer considerable potential for a variety of projects, from mixed-use developments to large-scale residential communities.

    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
    -110.971
    Latitude
    32.3626

    Comparable in this City

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      6.90 Acres

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      3.73 Acres

      Oracle Rd & Suffolk Dr

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      Nec Oracle Rd & Suffolk Dr

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      Oracle & Hardy Rds

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      1.26 Acres

      Nwc Oracle Rd & Linda Vis Blvd

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      10,891 SF

      Office Property for Sale

      Office property available for sale.
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      Land Parcel Available For Sale

      Land parcel with potential for development, approximately 45,000 SF.
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      Land For Sale

      3.73 acres of land available for purchase.
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      Oracle Road Development Land

      Development land available on Oracle Road with high traffic volume.
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      10,891 SF

      Development-Ready Land Parcels For Sale

      Land parcels available for purchase, build for lease, or sale.
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    Similar Nearby for Lease

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      Retail Pads at Fiesta Plaza

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      Tucson Land For Sale

      Land suitable for retail or industrial development with Ina Road frontage.
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      Catalina Foothills Office Space

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      Multi-Tenant Office/Medical Building For Rent

      Two-story office/medical building in high-traffic Tucson corridor.
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      Office Space with Covered Parking

      Second-floor office unit with covered parking and signage opportunities.
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    8701 Oracle 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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