Property profile

1037 South Alvernon Way Tucson, AZ 85711

FOR LEASE
Medical Office Space
Property ID
US07-1842013
2,201 SF 0.65 ac lot Built 1980
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,000-square-foot retail property, located at 1037 South Alvernon Way in Tucson, Arizona, presents a unique leasing opportunity. Built in 1980 and zoned O3, this multi-tenant building offers flexible space options. Currently, the entire 5,000 square feet is vacant and available for lease. The property is ideally suited for businesses requiring a minimum of 2,500 square feet, with a maximum contiguous space of 2,500 square feet. This allows for either a single tenant to occupy the entire space or the possibility of dividing the space into two 2,500-square-foot units. The property's prime location in Pima County, with easy access to major thoroughfares, ensures high visibility and convenient access for customers and employees. This versatile space is perfect for a variety of retail or office uses, offering a strong foundation for business growth in a thriving Tucson neighborhood. The property's 1980 construction provides a solid structure, ready for immediate occupancy and customization to meet specific business needs. Interested parties should inquire about lease terms and conditions. The zip code is 85711.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1980
Construction FRAME
Total area 2,201 SF
Lot 0.65 ac (28,486 SF)
APN 126-18-075B
UPID US07-1842013

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Insurance Agency
  • Medical Clinic
  • Drug Testing Service

Location

1037 South Alvernon Way Tucson, AZ 85711
Tucson metro Census 3400 TUCSON, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2015
4 recorded transactions
2015
$590,000
2014
$440,000
2007
$1.2M
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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