What is the typical cap rate for industrial in Tucson?

About 7.9% as of Q4 2023, per multiple brokerages.

Is the Tucson industrial market tightening or softening?

Vacancy is around 6.3% (Q4 2023).

Industrial

Property in Unknown, XX

Rita Ranch Commerce Center, Tucson, AZ 85747

Price

Price on request

Price/Sq Ft

$990.00

Description

±10.4 acres of Industrial Land For Sale * Near University of Arizona Tech Park (6,000 employees with Raytheon, IBM, Citi and several other employees), Target Fulfillment Center and Faribault Foods. * Near several amenity rich intersections including Houghton Town Center. * Part of Rita Ranch a large master plan community.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

Rita Ranch Commerce Center, Tucson, AZ 85747

Leaflet © OpenStreetMap contributors

Market Context

As of Q4 2023, the Tucson industrial market showed a 6.3% vacancy rate, average asking rents near $6.84/SF/yr, and cap rates around 7.9%. Source: multiple brokerages Q4 2023 market report.

Projected current pricing

low confidence

Projected asking rent

$6.84/SF/yr

Estimated sale value

$58–$71/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q4 2023 multiple brokerages data (cap rate 7.9%, asking rent held flat).

View the full Tucson Industrial market report →

Compare it against other industrial listings for sale in Tucson, AZ to benchmark pricing and space — view the full market.

Industrial market FAQ

What is the typical cap rate for industrial in Tucson?: About 7.9% as of Q4 2023, per multiple brokerages.
Is the Tucson industrial market tightening or softening?: Vacancy is around 6.3% (Q4 2023).

Unified Estimate

Medium Confidence

$622.50/SF-$842.20/SF

Mid: $732.35/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.