Add Listing
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

    2695 Craycroft Rd Tucson, AZ 85712-2243

    • Medical Office Space
    • 65,789 SF
    • 7.92 lot acres
    OFF-MARKET
    Last Sale
    Dec 19, 2024
    $19,065,000
    Value Estimations
    $19,065,000
    Show details
    Cap Rate Potential
    4.6%
    Medical Office Space
    Location Intelligence
    Property ID
    US07-2304343
    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

    • RAINIER J DIAZ / Physician
    • Christina Arredondo / Physician
    • Dr. Noelle Rohen / Physician / Medical Clinic
    • Lisa Uribe / Pediatrician / Physician
    • KATHLEEN D FRIEND / Physician

    Property Details for 2695 Craycroft Rd

    Year built
    1985
    Construction
    FRAME
    Lot size
    7.92 lot acres
    Property size
    65,789 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    110-12-091A
    APU
    11012091A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $19,065,000
      ML approach
      $19,065,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,605,000
      6.5%
      $13,480,000
      7%
      $12,520,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,585,000
      Market price range: $10.8M - $32.0M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $15,720,000
      Current use
      RESTAURANT
      $30,645,000
      Change: +95% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $29,400,000
      Change: +87% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $19,035,000
      Change: +21% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $17,905,000
      Change: +14% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $13,560,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.876
    Latitude
    32.256
    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
    $167,557
    $436,326
    $1,446,091
    $1,882,417
    -
    $2,424,035
    $8,033,840
    $10,457,875

    Comparable in this City

    • Value Estimation by Request
      1.80 Acres

      Tucson, AZ 85712

      MEDICAL CLINIC • 1.80 Acres
      Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      0.10 Acres

      Tucson, AZ 85712

      MEDICAL CLINIC • 0.10 Acres
      Tucson, AZ 85712
      View Details
    • Value Estimation by Request
      0.12 Acres

      Tucson, AZ 85712

      DENTAL BUILDING • 0.12 Acres
      Tucson, AZ 85712
      View Details
    • Value Estimation
      $1,125,000
      9,036 SF

      2255 Wyatt Dr

      DENTAL BUILDING • 9,036 SF
      2255 Wyatt Dr, Tucson, AZ 85712-2150
      View Details
    • Value Estimation by Request
      2,715 SF

      2141 Beverly Ave

      DENTAL BUILDING • 2,715 SF
      2141 Beverly Ave, Tucson, AZ 85712-2155
      View Details
    • Value Estimation by Request
      2,600 SF

      5300 Erickson Dr Ste, Unit 100

      MEDICAL CLINIC • 2,600 SF
      5300 Erickson Dr Ste, Tucson, AZ 85712-2809
      View Details

    Similar Nearby for Sale

    • $850,000
      3,561 SF

      Pima St Office: Tucson Investment

      Prime Tucson Office Space - Owner/User Opportunity
      6246 Pima St, Tucson, AZ 85712
      View Details
    • $300,000
      1,253 SF

      Tucson Medical Office Building

      1,253 SF Medical Office for Sale
      6206 Pima St, Tucson, AZ 85712
      View Details
    • Contact for pricing
      2,910 SF

      Medical Office Space Available

      Medical office space featuring exam rooms and handicap access.
      6238-6246 E Pima St, Tucson, AZ 85712
      View Details
    • Contact for pricing
      1,224 SF

      Furnished Medical Condo on Campus

      Furnished medical condo located on Tucson Medical Center campus.
      5240 E Knight Dr, Tucson, AZ 85712
      View Details
    • Contact for pricing
      1,253 SF

      Medical Office Space Available

      Medical office space featuring exam and procedure rooms for rent.
      6206 E Pima St, Tucson, AZ 85712
      View Details
    • Contact for pricing
      2,715 SF

      Professional Office Space For Rent

      Move-in ready office space in a quiet, campus-style setting.
      5232 E Pima St, Tucson, AZ 85712
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      14,249 SF

      Southwest Professional Plaza: Medical Office Suites

      Central Tucson Medical Office Space - Short-Term Leases
      2122 Craycroft Rd, Tucson, AZ 85712
      View Details
    • $22 SF/Yr
      813 SF

      Wilmot Road Office Space Available

      813 sq ft, Tucson Office Building
      1951 Wilmot Rd, Tucson, AZ 85712
      View Details
    • $20 SF/Yr
      1,723 SF

      Tucson Medical Office Building

      1,723 SF Medical Office for Lease
      2370 Wyatt Dr, Tucson, AZ 85712
      View Details
    • $20 SF/Yr
      6,406 SF

      Tucson Medical Office Space For Lease

      Prime Medical Office Suites Available in Tucson
      5300 Erickson Dr, Tucson, AZ 85712
      View Details
    • $24 SF/Yr
      6,231 SF

      Grant Road Medical Office Space

      Tucson medical office, 6,231 sq ft, ample parking.
      6252 Grant Rd, Tucson, AZ 85712
      View Details
    • $26 SF/Yr
      57,259 SF

      El Dorado Medical Plaza: Tucson Office Space

      Prime Tucson medical office space available. Large footprint, ample parking.
      1400 Wilmot Rd, Tucson, AZ 85712
      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.
    2695 Craycroft Rd
    Tucson, AZ 85712-2243
    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.
    Sign Up Successful!
    You now have access to more from Realmo!