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Property profile & analytics
OFF-MARKET Estimated value $3,395,000
Retail space

8975 Tanque Verde Rd Tucson, AZ 85749-9466

29,790 SF 2.81 ac lot Built 1982
Entity Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US07-0855618
Property summary
AI-generated overview

This exceptional retail opportunity is located within the highly desirable Bear Canyon Shopping Center in Tucson, Arizona. Situated at 8975 E Tanque Verde Road, at the Northwest corner of Tanque Verde Road and Catalina Highway, this strip center offers two available spaces ranging from 1,400 to 1,950 square feet. The center boasts a strong tenant mix, including a Goodwill Superstore and The Bloc, an indoor climbing and recreational facility, ensuring high foot traffic. Further enhancing its appeal is the presence of a Pima County Library branch, attracting a consistent flow of visitors. Located in the affluent Tanque Verde Valley, one of Tucson's highest-income areas, this property benefits from a limited supply of commercial zoning, making it a rare and valuable asset. The center recently underwent exterior renovations, presenting a modern and attractive storefront. The property is zoned C-1 and C-2 by the City of Tucson and enjoys convenient access from three major arterial roads. Competitive rental rates and triple net charges make this an attractive investment for retailers or service businesses seeking a prime location in a thriving community with limited commercial space. This is a unique opportunity to establish a presence in a high-traffic, high-income area with strong existing anchors.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1982
Construction FRAME
Total area 29,790 SF
Lot 2.81 ac (122,388 SF)
APN 114-51-2070
UPID US07-0855618
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
  • Goodwill at Bear Canyon Center Charitable Organization
  • the BLOC climbing+fitness+yoga Gym & Fitness Center
  • heartSTONE studio, 2nd story at the BLOC Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.36M
Comparable Approach Comparable
$3.60M
Blend (final) Blend
$3.40M
Owner & transaction history
Nwc Bear Canyon LLC · 18 yrs held
Nwc Bear Canyon LLC
since 2008
4 recorded transactions
2012
Price N/A
2008
Price N/A
1997
$1.3M
1993
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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