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Property profile & analytics
FOR LEASE
Medical Office Space
5240 E Knight Dr, Tucson, AZ 85712
Individually Owned
2-yr Hold
Free & Clear
Property ID
US07-0200143
For Lease
1 / 2
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5240 E Knight Dr, Tucson, AZ 85712
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Property summary
AI-generated overview
This fully furnished 1,224 square foot medical office condominium is ideally situated on the Tucson Medical Center campus at 5240 E Knight Drive, Suite 106, Tucson, Arizona 85712. Offered at $100,000 ($81 per square foot), this exceptional property presents a unique investment opportunity. Built in 1977, the condo benefits from OCR-2 zoning within Pima County. The 0.58-acre lot provides ample space. Immediate possession is available. The sale includes all furniture and fixtures, making it a truly turnkey operation. Furthermore, the purchase price encompasses water, sewer, trash removal, and exterior maintenance. A significant advantage is the existing ground lease, which extends until February 28, 2040, providing long-term stability and predictability. This is a rare opportunity to acquire a well-maintained, fully equipped medical office in a high-demand location. Don't miss this chance to own a piece of the thriving Tucson Medical Center area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1980
Construction
STEEL FRAME
Lot
0.1 ac (4,356 SF)
APN
121-13-0530
UPID
US07-0200143
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Brimhall Family Dentistry, PLLC Dental Office
-
Southern Arizona Dental Lab Ll Dental Office
-
James K. Brimhall DMD Dental Office
-
Westin Dennis C MD Physician
-
Grossman Sol PhD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hands Of Hope Tucson · 2 yrs held
Hands Of Hope Tucson
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tucson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tucson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25
Tax year 2023
Assessed value
$166
Assessed 2024
Previous assessed
$166
+0.0% YoY
Effective rate
15.06%
On assessed value
Assessed land
$83
Assessed improvement
$83
Land market value
$550
Improvement market value
$550
Total market value
$1,100
Applied tax rate
150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Lease
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.1 ac (4,356 SF)
APN
121-13-0530
UPID
US07-0200143
Jurisdiction
PIMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Hands Of Hope Tucson
Individual
Free & Clear · 2 yrs held
Mailing address
5240 E KNIGHT DR STE #110, TUCSON, AZ 85712-2122
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
—
William H Richardson
—
Deed
related
$125,000 · Jpmorgan Chase Bank NA
Jan 11, 2024
$151,747
Hands Of Hope Tucson
Dennis C Westin
Special Warranty Deed
—
May 4, 2021
—
Tmc Foundation
Gulshan Sethi
Warranty Deed
—
Jan 28, 2021
—
Tucson Medical Ctr Foun
Sonia Ents INC
Warranty Deed
—
Apr 8, 2019
—
Agave Mob LLC
—
Deed
related
$300,000 · Jollydi Building LLC
Apr 1, 2019
—
Agave Mob LLC
Jollydi Building LLC
Grant Deed
—
Nov 30, 2018
—
Agave Mob LLC
Jollydi Building LLC
Grant Deed
$300,000 · Jollydi Building LLC
Jul 12, 2018
—
Agave Mob LLC
Jollyydi Building LLC
Deed
related
—
May 30, 2018
—
Agave Mob LLC
—
Deed
related
$300,000 · Jollydi Building L L C
Apr 4, 2018
—
Hands Of Hope Tucson
Jim C Holdings LLC
Grant Deed
—
Mar 29, 2018
—
Agave Mob LLC
Jollydi Building LLC
Grant Deed
$300,000 · Jollydi Building LLC
Mar 7, 2005
—
Tmc Holdings INC
Wolf,thomas R & Erica P
Grant Deed
related
—
Mar 7, 2005
$200,000
Tmc Holdings
Wolf,thomas R & Erica P
Grant Deed
related
—
Jan 10, 2005
—
Tmc Holdings INC
Tucson Medical Center
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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