11901 1St AveOro Valley, AZ 85737

  • Retail properties
  • 15,954 SF
For Sale

Property Details for 11901 1St Ave

Year built
2007
Construction
FRAME
Lot size
5.08 AC
Property size (Sq ft)
15,954 SF
Property type
Retail properties
Property subtype
Retail space
APN
224-02-1710
APU
224021710

Description

Placita De Oro, located at 11901 N 1st Ave in Oro Valley, Arizona (zip code 85737), presents a compelling retail investment opportunity. This C-2 zoned shopping center offers flexible space ranging from 1,500 to 8,000 square feet, ideal for a variety of retail uses. The property benefits from its strategic location at the main entrance to Rancho Vistoso, a substantial 7,500-acre master-planned community. This high-traffic area is further enhanced by its proximity to Tangerine Road, a major four-lane thoroughfare experiencing significant growth, extending from Oracle Road to Twin Peaks. The immediate vicinity boasts a robust workforce, with 9,647 employees within a three-mile radius, including the presence of Innovation Park. This strong employment base ensures a substantial customer pool for any retail business operating within Placita De Oro. A virtual tour is available online for a comprehensive visual overview of the property. This exceptional location, combined with the flexible space options, makes Placita De Oro an attractive investment prospect for discerning buyers seeking a foothold in a thriving Oro Valley market. Pima County location provides access to a large consumer base.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,619,998
    6.5%
    $3,341,536
    7%
    $3,102,855
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,689,959
    Geo Method
    $6,689,959
  • Alternative Use

    Use
    Valuation
    Residential
    $2,818,711
    Hospitality
    $2,581,924
    Educational
    $2,148,130
    Medical
    $2,222,008
    Retail
    $3,341,536
11901 1St Ave, Oro Valley, Arizona

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.4223
Longitude
-110.963
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
$110,168
$365,717
$552,323
$918,040
-
$2,031,760
$3,068,461
$5,100,221

FAQs

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