Leased Mixed-Use
207 West Speedway Boulevard, Tucson, AZ 85705
For Sale
$925,000
Combines two occupied residences with a leased office and retail component.
Property Size4,912 SF
Price / SF$188.31
Days on Market60
Property Features for 207 West Speedway Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Gross Income
Multifamily Units
Listing Agency:
CBRE | Tucson
Listed By:
Bruce Suppes · License AZ SA543260000
(520) 979-2967
Source:
Cbre
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 12 at 5:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Tucson
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Investment Insights
Based on property information with market context.
This mixed-use property combines two fully leased residential units with a separate office/residential building. The property also includes one leased office/retail unit, creating a combination of residential and commercial occupancy within the asset.
Key Highlights
- Two fully leased residential units
- Leased office/residential building
- One leased office/retail unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,531
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,620
$1.1M
Cap Rate 7%
$807,586
$807.6K
Cap Rate 9%
$628,122
$628.1K
Market Conditions
NOI Build-Up for 4,912 SF
Gross rent
$97.3K $19.80/SF
− Vacancy
−$21.9K −$4.46/SF
EGI
$75.4K $15.35/SF
− OpEx
−$18.8K −$3.84/SF
NOI
$56.5K $11.51/SF
Area
ZIP 85705
Vacancy
22.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,620
Cap Rate 7%
$807,586
Cap Rate 9%
$628,122
Alternative Uses
Best Use
Office B
$807.6K
$706.6K – $942.2K
NOI $56,531 @ 7.0% cap · market cap 6.11%
Second Best
Mixed Use
$694.7K
$607.9K – $810.5K
NOI $48,629 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.13M
$989.0K – $1.32M
NOI $79,122 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines two occupied residences with a leased office and retail component.
Where is this mixed-use property located?
The property is located at 207 West Speedway Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two fully leased residential units; Leased office/residential building; One leased office/retail unit
