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3838 E Fort Lowell Rd

3,816 SF 47% Leased Office Building Tucson, AZ 85716 $729,000 ($191/SF) 8.40% Cap Rate

Investment Highlights

  • Fully Renovated
  • Secured, private parking lot, high visibility.
  • Long Term Professional Tenant One Side and Immediate Occupancy Available The Other

Executive Summary

Located in the vibrant heart of Central Tucson near Fort Lowell and Alvernon Way, this dual office suite property, built in 2000, offers a modern frame and stucco design across 3,816 square feet. It features two distinct suites: Suite 110, a fully leased dental office with a reception, kitchen, and multiple rooms, and Suite 120, a holistic healing center with open space and private offices, currently available for lease. The property includes 21 parking spaces, enhanced security, and ADA compliant features, making it ideal for professional businesses. This property represents a significant investment opportunity in Tucson's commercial real estate market. With its prime location and versatile space, it is perfect for buyers looking to enter or expand their portfolio.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $65,934 $17.28

Financial Summary (Actual - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $65,934
Annual Per SF $17.28

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,816 SF
Building Class
B
Year Built
2000
Price
$729,000
Price Per SF
$191
Cap Rate
8.40%
NOI
$61,250
Percent Leased
47%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,816 SF
Building FAR
0.19
Lot Size
0.46 AC
Zoning
C-1 - C-1, Commercial
Parking
21 Spaces (5.5 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Security System
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,007 SF
  • Office
  • -
  • Now

Features: Offers 1,200 square feet of open office space with a high-quality sprung maple wood floor system. The space includes a wall accordion for division, three private office suites, two bathrooms (one ADA compliant), a reception area, and private outdoor space.

Space Size Space Use Condition Available
1st Floor 2,007 SF Office - Now

1st Floor

Size
2,007 SF
Space Use
Office
Condition
-
Available
Now

1st Floor

Size 2,007 SF
Space Use Office
Condition -
Available Now

Features: Offers 1,200 square feet of open office space with a high-quality sprung maple wood floor system. The space includes a wall accordion for division, three private office suites, two bathrooms (one ADA compliant), a reception area, and private outdoor space.

Bike Score®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
111-05-010B
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$101,544 (2024)
  • Listing ID: 31844761

  • Date on Market: 5/17/2024

  • Last Updated:

  • Address: 3838 E Fort Lowell Rd, Tucson, AZ 85716

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