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Property profile & analytics
OFF-MARKET Estimated value $1,675,000
Refrigerated & Cold Storage

1045 Highland Ave Tucson, AZ 85719-6728

18,690 SF 0.85 ac lot Built 1970
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US07-3380735
Property summary
AI-generated overview

This exceptional 27,404-square-foot industrial building in Tucson, Arizona, presents a compelling owner-user or value-add opportunity. Built in 1970, this two-story structure sits on a 0.85-acre lot and features 4 dock-high doors, 12'-18' ceiling heights, and up to 21 parking spaces. The property boasts significant cold storage capabilities, including large cold rooms with varying temperature controls, ideal for food processing or similar uses. Currently vacant, this property offers a blank canvas for customization. Its I-1 zoning in Pima County provides flexibility for various industrial applications. Strategically located less than two miles from Interstate 10 and just 1.5 miles from downtown Tucson, this asset benefits from excellent access to major transportation routes and a strong surrounding demographic. The 500KVA/3-phase power supply ensures ample capacity for demanding operations. The asking price is $1,800,000, translating to $65.68 per square foot. This represents a rare chance to acquire a well-positioned industrial property with significant potential for immediate occupancy or strategic redevelopment. The property's size, features, and location make it an attractive investment for businesses seeking a functional and conveniently located facility in a thriving market.

Property profile
Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 1970
Construction FRAME
Total area 18,690 SF
Lot 0.85 ac (36,900 SF)
APN 124-18-234A
UPID US07-3380735
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Allure event company Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.68M
Owner & transaction history
Blessings INC · 20 yrs held
Blessings INC
since 2006
3 recorded transactions
2006
$1.1M
1996
$650,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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