1980 Hospital DrTucson, AZ 85704

Property Details for 1980 Hospital Dr

Year built

1986

Construction

FRAME

Lot size

0.10 AC

Property size (Sq ft)

7,981 SF

Property type

Medical offices

Property subtype

Medical space

APN

102-12-049A

APU

10212049A

Description

This 1,280 sq ft Class A medical office condo in Tucson, AZ, offers a prime investment opportunity. Located near Northwest Hospital, this vacant suite boasts two private offices, three exam rooms, a spacious waiting area, reception area with two service windows, kitchen, and bathroom. Ample parking is available with 168 spaces. The property features a 40-year operating history and is ideal for one or two physicians and their staff. The building is three stories, and this unit is conveniently located near the elevator. A strong pro-forma NOI and attractive price per square foot make this a compelling investment. Fee simple ownership. Pima Co-SP zoning.

• CAP approach

  CAP return

  Valuation

  6%

  $1,231,909

  6.5%

  $1,137,147

  7%

  $1,055,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,328,038

  Geo Method

  $1,328,038

• Alternative Use

  Use

  Valuation

  Residential

  $1,410,062

  Hospitality

  $1,291,609

  Educational

  $1,074,604

  Medical

  $1,111,561

  Retail

  $1,671,606

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.3195

Longitude

-111.009

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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