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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1980 E Fort Lowell Rd Tucson, AZ 85719

    • Office Properties & Spaces
    • 3,926 SF
    • 0.62 lot acres
    For Sale
    View listing
    $1,812,000
    Value Estimations
    Cap Rate Potential
    6.8%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US07-0123343
    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.

    Current Use by Public Records

    • Dr. Sammons and Dr. Kautz / Psychologist
    • Desert Psychoth / Psychologist
    • Barbara E. Pritchard, PHD / Psychologist
    • Leehey Kevin MD / Psychiatrist
    • Shultz & Rollins / Attorney / Elder Law Attorney

    Property Details for 1980 E Fort Lowell Rd

    Year built
    2002
    Construction
    FRAME
    Lot size
    0.62 lot acres
    Property size
    3,926 SF
    Property type
    Office Properties & Spaces
    APN
    112-05-047B
    APU
    11205047B

    Description

    This exceptional Class A office building, located at 1980 E Fort Lowell Rd in Tucson, Arizona, offers 8,054 square feet of prime executive office space currently available for lease. Built in 2003, the two-story building boasts a modern design and is situated on a convenient location in Pima County, zip code 85719. The property is zoned O-2 and features ample parking with 32 spaces available for tenants and visitors. High-speed internet access and elevators are included. The space is divisible, with a minimum leasable area of 4,027 square feet and a maximum contiguous space of 4,027 square feet. This presents an excellent opportunity for a single tenant seeking a substantial space or multiple tenants looking for smaller, yet high-quality, executive suites. The building's modern amenities and convenient location make it an ideal choice for businesses seeking a professional and efficient workspace. The property's APN is 112-05-047B. This is a multi-tenant building with all 8,054 square feet currently vacant. The property offers a blend of functionality and prestige, making it an attractive option for discerning businesses. Inquire today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $710,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $805,000
      6.5%
      $740,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,106,000
      Market price range: $403k - $1.11M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,080,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,135,000
      Change: +5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,070,000
      Change: -1% Conversion: Difficult
      MEDICAL BUILDING
      $875,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.942
    Latitude
    32.2643
    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
    $22,930
    $33,851
    $208,229
    $242,080
    -
    $188,062
    $1,156,828
    $1,344,890

    Comparable in this City

    • Value Estimation
      $1,595,000
      9,751 SF

      606 Plumer Ave

      OFFICE (GENERAL) • 9,751 SF
      606 Plumer Ave, Tucson, AZ 85719-7043
      View Details
    • Value Estimation by Request
      336 SF

      1600 Aviation Pkwy

      OFFICE (GENERAL) • 336 SF
      1600 Aviation Pkwy, Tucson, AZ 85719
      View Details
    • Value Estimation by Request
      1,064 SF

      1700 Ft Lowell Rd Ste, Unit 107

      OFFICE (GENERAL) • 1,064 SF
      1700 Ft Lowell Rd Ste, Tucson, AZ 85719-2395
      View Details
    • Value Estimation by Request
      1,148 SF

      Tucson, AZ 85719

      OFFICE (GENERAL) • 1,148 SF
      Tucson, AZ 85719
      View Details
    • Value Estimation
      $1,045,000
      5,781 SF

      3505 Campbell Ave

      OFFICE (GENERAL) • 5,781 SF
      3505 Campbell Ave, Tucson, AZ 85719-2033
      View Details
    • Value Estimation by Request
      2,227 SF

      2315 Speedway Blvd

      Medical offices • 2,227 SF
      2315 Speedway Blvd, Tucson, AZ 85719
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $25 SF/Yr
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      Located in a busy area, ideal for retail or office.
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      View Details
    • $700 /Mo
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      Prime Office Space Available

      Office space for rent with utilities and internet included.
      2719 N Campbell Ave, Tucson, AZ 85719
      View Details
    • $19 SF/Yr
      1,008 SF

      Retail/Office Space on Campbell Ave

      Freestanding retail or office buildings with parking and signage.
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      View Details
    • Contact for pricing
      1,383 SF

      Garden-Style Office Space Available

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    • $22 SF/Yr
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      Office space for rent minutes from downtown with parking.
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    Tucson, AZ 85719
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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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