12350 N Vistoso Park Rd Oro Valley, AZ 85737
Property profile & analytics
12350 N Vistoso Park Rd Oro Valley, AZ 85737
- Manufacturing properties
- 55,066 SF
- 6.70 lot acres
Property ID
US07-2337604
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Manufacturing properties
Property Details for 12350 N Vistoso Park Rd
- Year built
- 2013
- Construction
- FRAME
- Lot size
- 6.70 lot acres
- Property size
- 55,066 SF
- Property type
- Manufacturing properties
- APN
- 219-20-9400
- APU
- 219209400
Description
This exceptional 55,000-square-foot flex industrial building, situated on a 6.7-acre lot in Oro Valley, Arizona, presents a compelling investment opportunity. Constructed in 2013 as a build-to-suit for Securaplane Technologies, Inc., a leading aerospace subsidiary of Parker Hannifin (Moody's: Baa1), the property boasts a 100% occupancy rate with a long-term lease in place. The single-story building offers a strong, stable income stream with a current NOI of $909,875 and a 6.46% cap rate. The asking price is $14,250,000, translating to $259.09 per square foot. Recent capital expenditures include over $500,000 in roof upgrades, and the tenant has invested $375,375 in improvements. The property is strategically located within Innovation Park, a premier business park in Tucson's bioscience region, benefiting from the area's robust aerospace, defense, and technology sectors. The location offers easy access to high-end amenities, supporting employee attraction and retention. The property's design allows for potential future expansion of approximately 15,000 square feet, further enhancing its investment value. With a Class B rating and a NNN lease type, this property offers a secure and lucrative investment opportunity in a thriving market with low industrial vacancy rates (6.3% as of 4Q23). The ample parking (250 spaces per 1,000 sq ft) caters to the needs of the tenant and potential future expansion. This is a core+ investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,650,000
- 6.5%
- $6,140,000
- 7%
- $5,700,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,599,000
Market price range: $2.31M - $9.98M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Oro Valley
- County
- Pima
- State
- Arizona
- Longitude
- -110.942
- Latitude
- 32.4289
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$79,300
$153,149
$636,827
$789,976
-
$1,020,996
$4,245,516
$5,266,512
