319 Simpson St Tucson, AZ 85701-2256
Property profile & analytics
319 Simpson St Tucson, AZ 85701-2256
- Office properties & Spaces
- 5,031 SF
- 0.23 lot acres
Property ID
US07-3308024
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
- How Construction Businesses Can Take Advantage of Digital Marketing - Campbell Marketing Group / Advertising Agency / Marketing & Advertising
- Molnar Law Office / Law Firm
- Creatography / Marketing & Advertising / (Bike/Boat/Book/etc) Store
- The McDonald Law Office / Law Firm
- Indiegogh Creative / Marketing & Advertising / (Bike/Boat/Book/etc) Store
Property Details for 319 Simpson St
- Year built
- 1926
- Construction
- FRAME
- Lot size
- 0.23 lot acres
- Property size
- 5,031 SF
- Property type
- Office properties & Spaces
- APN
- 117-14-0200
- APU
- 117140200
Description
This exceptional 5,031 square foot office building, located at 319 W Simpson St in Tucson, Arizona's coveted Barrio Viejo neighborhood (featured in the New York Times' "52 Places to Go in 2023"), presents a unique investment opportunity. Formerly a tortilla factory, this iconic property underwent a complete renovation in 2019, transforming it into Tucson's premier co-working and event space. The building boasts exquisite interior features including high ceilings, natural plaster adobe walls, and abundant natural light. A charming courtyard provides an ideal setting for meetings and events. Currently 100% leased to a thriving co-working business under a NNN lease through July 31, 2025, with rent escalating to $11,000 per month by the end of the lease term. The current monthly rent is $10,000, increasing to $10,417 in 2024. The property is zoned HC-3 and features an APN of 117-14-0200. Its prime location offers easy access to the Tucson Convention Center, restaurants, the arts district, and downtown Tucson. This property is priced at $1,650,000 ($327.97 per square foot) and is ideal for investors seeking a stable, high-demand asset or for those looking to customize a unique space to their own specifications. The tenant consistently maintains a waiting list for office space, indicating strong market demand and potential for future growth.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $665,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,030,000
- 6.5%
- $950,000
- 7%
- $885,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $966,000
Market price range: $455k - $1.40M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.974
- Latitude
- 32.216
- 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
$8,268
$14,247
$144,455
$158,702
-
$79,152
$802,530
$881,682
