Tucson Commercial Property For
For Sale
$1,299,000
4648 E Speedway Boulevard, Tucson, AZ 85712
COMMERCIAL - Tucson, AZ
Property Size9,175 SF
Lot Size0.53 Acres
Price / SF$141.58
Days on Market148
Property Features for 4648 E Speedway Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Tucson - C2
Lot features
North/ South Exposure
Directions
South-West On Speedway Blvd and Swan Rd.
Subdivision
Central
Standard status
Active
APN
126-02-0020
Size
9,175 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:001010010 /Old Pueblo Heights Lots 2 & 3 Blk 1
Tax Annual Amount
13785
Legal Description
From Parcel:001010010 /Old Pueblo Heights Lots 2 & 3 Blk 1
Utilities
Cooling system
Central Air
Building Details
Year built
1973
Building materials
Brick
Roof type
Membrane
Listing Agency:
Realty One Group Integrity
(520) 447-5922
Listed By:
Daniel Leal
(520) 300-3646
Added: Mar 18
Changed: Aug 4
Last Checked: Aug 12 at 8:06AM
MLS# 22607208
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, situated in Tucson, Arizona, offers 9,175 square feet of space on a 0.53-acre lot. Zoned C2, the property is suitable for auto shops, automotive properties, retail spaces, and general commercial real estate ventures. The property is located in Pima County, with a Tucson address.
Key Highlights
- Brick Construction
- Central Air Conditioning
- Membrane Roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,744,240
$1.7M
Cap Rate 7%
$1,245,886
$1.2M
Cap Rate 9%
$969,022
$969.0K
Market Conditions
NOI Build-Up for 9,175 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$132.1K $14.40/SF
− Vacancy
−$7.5K −$0.82/SF
EGI
$124.6K $13.58/SF
− OpEx
−$37.4K −$4.07/SF
NOI
$87.2K $9.51/SF
Area
Tucson, AZ
Vacancy
5.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,744,240
Cap Rate 7%
$1,245,886
Cap Rate 9%
$969,022
Alternative Uses
Best Use
Retail
$1.25M
$1.09M – $1.45M
NOI $87,212 @ 7.0% cap · market cap 6.71%
Second Best
Industrial
$949.8K
$831.1K – $1.11M
NOI $66,487 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$2.38M
$2.09M – $2.78M
NOI $166,841 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,467
Businesses Nearby
90k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 24%
Electronics 1%
McDonald's
Dining
33,942 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
26,915 visits/mo
0.4 miles
Dairy Queen
Dining
6,983 visits/mo
0.4 miles
Discount Tire Store
Shops & Services
6,821 visits/mo
0.4 miles
Speedway
Shops & Services
6,483 visits/mo
0.2 miles
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
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Similar Off Market Nearby
- Benztek Automotive — 4610 E 1st St, Tucson, AZ 85711
- Eurotek Motors Inc DBA Benztek — 4610 E 1st St, Tucson, AZ 85711
- Nippon Motor Service — 4630 E 1st St, Tucson, AZ 85711
- Clear View Glass and Tint — 4500 E Speedway Blvd #29, Tucson, AZ 85712
- IGB Automotive LLC — 4500 E Speedway Blvd ste47, Tucson, AZ 85712
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property in Tucson, Arizona, ideal for auto-related businesses.
Where is this auto shop located?
The property is located at 4648 E Speedway Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Brick Construction; Central Air Conditioning; Membrane Roof
