1881 Kolb RdTucson, AZ 85715

Property Details for 1881 Kolb Rd

Year built

2002

Construction

FRAME

Lot size

0.06 AC

Property size (Sq ft)

2,189 SF

Property type

Office properties

APN

133-15-3350

APU

133153350

Description

This exceptional 2,189-square-foot office condominium presents a unique owner-user investment opportunity in Tucson, Arizona. Located at 1881 N Kolb Rd, within the La Playa Caliente Offices, this single-story building boasts a prime location between Grant Road and Speedway Boulevard. Built in 2002, the property features a traditional office layout ideal for a variety of professional uses. The space includes a welcoming lobby, seven private offices, a small open workspace perfect for collaboration, and a private restroom. The efficient design maximizes functionality and provides ample space for a team or individual professional. The asking price is $481,580, translating to a price per square foot of $220, significantly below replacement costs. This represents a compelling opportunity to acquire a well-maintained, professionally designed office space in a desirable Tucson location. The property is zoned O-2 by the City of Tucson and has a single unit within a single building. The APN is 133-15-3350. This is an excellent chance to own your own office condominium in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $216,895

  6.5%

  $200,211

  7%

  $185,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $364,250

  Geo Method

  $364,250

• Alternative Use

  Use

  Valuation

  Residential

  $248,261

  Hospitality

  $227,406

  Educational

  $189,199

  Medical

  $195,706

  Retail

  $294,310

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2438

Longitude

-110.846

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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