Listing Agency: Whirlygig Properties Show Phone

Listed By: Lynn Taylor Show Phone

Source: Moodyscre

Added: Mar 28, 2025 Changed: Sep 11 Last Checked: Sep 12 at 8:08AM

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Investment Insights

Based on property information with market context.

This former bank branch totals approximately 6,689 square feet and includes two drive-thru lanes under roof. The property offers 36 parking spaces with two points of access, and parking may be expanded up to 58 spaces. Mechanical systems include four HVAC units located in the rear of the building, supported by 120/208 volts 3-phase electric service with approximately 400 amps. The building features a pitched metal roof with no warranty, and a multi-slat lighted monument sign.

Two access points are provided off Speedway Boulevard. The site’s existing parking layout can support a range of retail or service configurations that benefit from convenient on-site vehicle access.

The building’s drive-thru configuration, rear-located HVAC, and dedicated service infrastructure provide a functional base for an owner-user or tenant buildout tailored to their specific needs.

Key Highlights

• 6,689 SF former bank branch with 2 under‑roof drive‑thru lanes
• 36 parking spaces with 2 access points off Speedway Boulevard; parking may be expanded to 58 spaces
• 4 HVAC units located in the rear of the building

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

$82,174

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

5.48%

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%

$1,643,480 $1.6M

Cap Rate 7%

$1,173,914 $1.2M

Cap Rate 9%

$913,044 $913.0K

Market Conditions

NOI Build-Up for 6,689 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

$120.4K $18.00/SF

− Vacancy

−$10.8K −$1.62/SF

EGI

$109.6K $16.38/SF

− OpEx

−$27.4K −$4.10/SF

NOI

$82.2K $12.29/SF

Area

ZIP 85710

Vacancy

9.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

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%

$1,643,480

Cap Rate 7%

$1,173,914

Cap Rate 9%

$913,044

Alternative Uses

Best Use

Specialty Retail

$1.17M

$1.03M – $1.37M (±1% cap)

NOI $82,174 @ 7.0% cap · market cap 5.48%

Second Best

Retail

$1.01M

$882.0K – $1.18M (±1% cap)

NOI $70,560 @ 7.0% cap · market cap 4.70%

Theoretical Best

Office A

$1.83M

$1.60M – $2.14M (±1% cap)

NOI $128,268 @ 7.0% cap · market cap 8.55%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Banks

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon HVAC Service Grocery & Convenience Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Heavy power

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

368

Businesses Nearby

140k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 38% Groceries 36% Shops & Services 23% Beauty & Spa 3%

Fry's Groceries

50,428 visits/mo 0.2 miles

Fry's Fuel Center Shops & Services

17,916 visits/mo 0.2 miles

Starbucks Dining

14,664 visits/mo 0.3 miles

Jack in the Box Dining

14,086 visits/mo 0.3 miles

Burger King Dining

11,655 visits/mo 0.2 miles

Demographics for 85710, AZ

57,381

Population

28,463

Households

2

Avg Household Size

43

Median Age

31%

College-Educated

94%

High-School Grad

12.0 sq mi

ZIP Area

4,782

Density / Sq Mi

$54,738

Median Household Income

$36,892

Median Earnings

$1,169

Median Rent

$245,900

Median Home Value

Market

Vacancy Rate% for Retail in Tucson, AZ

7.4% 2019

8.3% 2020

7.5% 2021

6.8% 2022

6.5% 2023

6.4% 2024

6.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this banks located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bank - Former bank branch with two under-roof drive-thru lanes and a multi-slat lighted monument sign.

Where is this bank located?

The property is located at 7740 E Speedway Blvd Tucson, AZ.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 6,689 SF former bank branch with 2 under‑roof drive‑thru lanes; 36 parking spaces with 2 access points off Speedway Boulevard; parking may be expanded to 58 spaces; 4 HVAC units located in the rear of the building