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1208 Alvernon Way Tucson, AZ 85712-4537

OFF-MARKET Retail space Google Maps
2,793 SF 0.14 ac lot Built 1955
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$290k
Range $261k – $319k (±10%)
Property ID US07-1189357

Property summary

AI-generated overview

This exceptional 2,793-square-foot executive office space, located at 1208 N Alvernon Way in Tucson, Arizona, presents a unique investment opportunity. The property, situated on a 0.14-acre lot (APN 122-13-064A), boasts a desirable C-1 zoning designation within the City of Tucson. Recently renovated in 2023, the interior is ready for immediate occupancy. The building's versatile design allows for use as either retail or office space, catering to a wide range of potential tenants. Its strategic location near the busy intersection of Speedway Boulevard and Alvernon Way ensures high visibility and accessibility. While previously occupied by a pawn shop tenant for eight years (currently month-to-month), this property offers a blank canvas for a new business to thrive. The asking price is $355,000. This is a rare chance to acquire a well-located, recently updated commercial property in a thriving Tucson market. The property is currently vacant, providing immediate flexibility for the new owner. Don't miss this opportunity to own a piece of Tucson's vibrant commercial landscape. The property's zip code is 85712.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Construction FRAME
Total area 2,793 SF
Lot 0.14 ac (6,065 SF)
APN 122-13-064A
UPID US07-1189357

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
  • Restaurant
  • Discount Store (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2025
1 recorded transaction
2025
$315,000

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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