Property profile & analytics
6584 Oracle Rd Tucson, AZ 85704-5615
- Office properties & Spaces
- 1,989 SF
- 0.31 lot acres
OFF-MARKET
Last Sale
Aug 17, 2020
Aug 17, 2020
$540,000
Value Estimations
$875,000
Show details
Cap Rate Potential
2.1%
Office properties & Spaces
Location Intelligence
Property ID
US07-1078085
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
- Gloss Salon on Oracle / Hair Salon / Nail Salon
- Skin by Megan Blair / Hair Salon / Nail Salon
- Ta-Da Esthetics / Spa & Massage Center / Skin Care Clinic
- Spirit Salon & Day Spa / Hair Salon
- Skincare By Charlene / Spa & Massage Center / Skin Care Clinic
Property Details for 6584 Oracle Rd
- Year built
- 1989
- Construction
- FRAME
- Lot size
- 0.31 lot acres
- Property size
- 1,989 SF
- Property type
- Office properties & Spaces
- APN
- 102-03-3250
- APU
- 102033250
Description
This exceptional freestanding retail building, located at 6584 N. Oracle Road in Tucson, Arizona (zip code 85704), presents a unique investment opportunity. Currently operating as a thriving salon/day spa with 95% occupancy, this 1,989 square foot property offers a compelling combination of historical charm and modern functionality. The asking price is $745,000, translating to a price per square foot of $374.56 and a strong 13.28% cap rate. The building boasts attractive interior finishes and mature landscaping, including serene outdoor spaces and private patios. Situated in the highly desirable Northwest Tucson submarket, adjacent to Oro Valley, along Oracle Road (State Route 77), this property benefits from excellent visibility and accessibility. The Net Operating Income (NOI) is $98,954. The property is a multi-tenant building with a gross lease type and the current lease term is expiring. The building's rich history includes origins as part of a southwestern-style guest ranch, believed to have been designed by Josias Joesler. Subsequently converted to office and retail uses, it has served as a successful salon for many years. All furniture, fixtures, and equipment (FF&E) are included in the sale. This property is impeccably maintained and professionally operated, making it ideal for both investors seeking a strong return and owner-operators looking for an established business. The property's APN is 102-03-3250. The current occupancy date is August 19, 2024.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,150,000
- ML approach
- $1,025,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $950,000
Market price range: $336k - $951k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,005,000 Current use
- MEDICAL BUILDING
- $1,285,000 Change: +28% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.975
- Latitude
- 32.3264
- 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
$7,017
$32,088
$53,836
$85,924
-
$178,269
$299,091
$477,360
