Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2601 S Houghton Rd Tucson, AZ 85749

    • Drug stores
    • 14,375 SF
    • 1.85 lot acres
    For Sale
    View listing
    $5,943,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1399546
    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

    • MinuteClinic at CVS / Medical Clinic
    • Julie Bailey / Physician
    • Linda Milositz / Physician
    • UPS Access Point location / Courier Service / Postal Service
    • LibertyX Bitcoin ATM / Atm

    Property Details for 2601 S Houghton Rd

    Year built
    2004
    Construction
    FRAME
    Lot size
    1.85 lot acres
    Property size
    14,375 SF
    Property type
    Drug stores
    APN
    136-10-0940
    APU
    136100940

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a 14,375-square-foot CVS Pharmacy located at 2601 S Houghton Rd, Tucson, AZ 85730. The property sits on a 1.85-acre lot and boasts a 7.00% cap rate with a strong NOI of $440,078. The absolute NNN lease with CVS Pharmacy has a remaining term of seven years, expiring January 31, 2031, and includes two five-year renewal options at a fixed monthly rate of $32,313.98. This translates to an annual rent of $387,767.76 during the renewal periods, extending the lease to January 31, 2041. Following this, eight additional five-year renewal options are available at market rent, extending the potential lease term to 2081. The property is strategically located near major retailers including Walmart, Target, Kohl's, and Home Depot, benefiting from high traffic counts on E Golf Links Rd (27,799 CPD) and S Houghton Rd (21,043 CPD). Furthermore, its proximity to the University of Arizona and two major hospitals enhances its desirability and long-term stability. Built in 2005, this single-story building is zoned C and represents a top-performing CVS location, ranking within the top 88% of CVS units in Arizona and the top 83% nationally. This is a rare opportunity to acquire a high-performing, long-term net lease investment with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,275,000
      6.5%
      $2,100,000
      7%
      $1,950,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,226,000
      Market price range: $628k - $2.23M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,320,000
      Current use
      MEDICAL BUILDING
      $3,210,000
      Change: +38% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,965,000
      Change: +28% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.772
    Latitude
    32.1912
    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
    $55,529
    $174,115
    $340,694
    $514,809
    -
    $967,308
    $1,892,746
    $2,860,054

    Comparable in this City

    • Value Estimation
      $2,135,000
      15,413 SF

      7111 Golf Links Rd

      DRUG STORE, PHARMACY • 15,413 SF
      7111 Golf Links Rd, Tucson, AZ 85730-1113
      View Details
    • Value Estimation
      $2,020,000
      13,800 SF

      7901 Golf Links Rd

      DRUG STORE, PHARMACY • 13,800 SF
      7901 Golf Links Rd, Tucson, AZ 85730-1232
      View Details
    • Value Estimation
      $1,285,000
      12,060 SF

      2660 Harrison Rd

      DRUG STORE, PHARMACY • 12,060 SF
      2660 Harrison Rd, Tucson, AZ 85730
      View Details
    • Value Estimation
      $1,255,000
      13,022 SF

      9581 Golf Links Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,022 SF
      9581 Golf Links Rd, Tucson, AZ 85730-1461
      View Details
    • Value Estimation by Request
      12,481 SF

      9550 Golf Links Rd

      Individual retail properties • 12,481 SF
      9550 Golf Links Rd, Tucson, AZ 85730
      View Details
    • Value Estimation by Request
      2,647 SF

      6485 Golf Links Rd

      CONVENIENCE STORE • 2,647 SF
      6485 Golf Links Rd, Tucson, AZ 85730-1011
      View Details

    Similar Nearby for Sale

    • $2,417,000
      2,200 SF

      Retail Space on Golf Links

      Retail property on a signalized hard corner with high visibility.
      7895 E Golf Links Rd, Tucson, AZ 85730
      View Details
    • $498,500
      2,516 SF

      Eastside Tucson Fourplex with Updates

      Updated fourplex on Tucson's Eastside with private yards and balconies.
      3803 S Queen Palm Dr, Tucson, AZ 85730
      View Details
    • $1,300,000

      Pad Site on Golf Links

      Highly visible pad site with approved development plans.
      8720 East Golf Links Rd, Tucson, AZ 85730
      View Details
    • New
      $439,000
      1,882 SF

      New Construction Duplex in Tucson

      New construction duplex, ideal investment or owner-occupied with rental income.
      8055 E Escalante Rd, Tucson, AZ 85730
      View Details
    • $190,000
      3.39 Acres

      Tucson Homesite with Mountain Views

      3.39-acre homesite with city and mountain views in Tucson.
      4754 S Old Spanish Trl, Tucson, AZ 85730
      View Details
    • $500,000
      3.10 Acres

      Expansive Corner Lot in Tucson

      3.1-acre corner lot suitable for various development projects.
      3727 S Sarnoff Dr, Tucson, AZ 85730
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,000 SF

      Retail Space in Safeway Center

      Retail space available in Safeway anchored shopping center.
      9420-9480 E Golf Links Rd, Tucson, AZ 85730
      View Details
    • $10 SF/Yr
      3,040 SF

      Retail Space in Tucson

      Retail space with high visibility in Tucson's southeast trade area.
      7213-7233 E Golf Links Rd, Tucson, AZ 85730
      View Details
    • Contact for pricing
      65,385 SF

      Rolling Hills Square Retail Center

      Tucson Retail Space: Suites & Land Available
      7002-7076 Golf Links Rd, Tucson, AZ 85730
      View Details
    • Contact for pricing
      12,481 SF

      Retail Space with Ample Parking

      Retail space in Tucson with 405 parking spaces.
      9550 E Golf Links Rd, Tucson, AZ 85730
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2601 S Houghton Rd
    Tucson, AZ 85749
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.