Flex Space With Warehouse
For Sale
Contact for pricing
4380 E Broadway Blvd, Tucson, AZ 85711
Flexible commercial building with office improvements, signage, Broadway Boulevard access, and rear warehouse functionality.
Property Size13,116 SF
Price / SF$125.80
Days on Market8
Property Features for 4380 E Broadway Blvd
General Information
Standard status
Active
Size
13,116 SF
Property subtype
RETAIL
Warehouse & Industrial
Clear Height
10 ft
Warehouse Space
3,456 SF
Additional Details
Road Access
Yes
Amenities
monument signage
Listing Agency:
Picor Commercial Real Estate Services
(520) 820-2770
Listed By:
Aaron LaPrise · License #SA524273000
(520) 820-2770
Source:
Moodyscre
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 10 at 7:36AM
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 Picor Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This 13,116-square-foot flex property combines a primary office area with a rear garage and warehouse component. The office portion has acoustical dropped ceilings, while 10-foot clear heights extend throughout the building. The rear area includes a 10′ roll-up door and measures approximately 48′ × 72′, adding practical loading and storage capability to the existing improvements.
Located at 4380 E Broadway Blvd in central Tucson, the property sits within an established office and retail node along E Broadway Blvd. Monument signage is available, and the site offers left-in access from Broadway Boulevard. The configuration supports a range of flex-space applications while retaining office-oriented improvements and warehouse utility.
Located at 4380 E Broadway Blvd in central Tucson, the property sits within an established office and retail node along E Broadway Blvd. Monument signage is available, and the site offers left-in access from Broadway Boulevard. The configuration supports a range of flex-space applications while retaining office-oriented improvements and warehouse utility.
Key Highlights
- 13,116‑square‑foot flex property
- Rear garage/warehouse area measuring approximately 48′ × 72′
- 10′ roll‑up door serving the rear garage/warehouse area
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
$124,673
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
7.56%
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%
$2,493,460
$2.5M
Cap Rate 7%
$1,781,043
$1.8M
Cap Rate 9%
$1,385,256
$1.4M
Market Conditions
NOI Build-Up for 13,116 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
$188.9K $14.40/SF
− Vacancy
−$10.8K −$0.82/SF
EGI
$178.1K $13.58/SF
− OpEx
−$53.4K −$4.07/SF
NOI
$124.7K $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%
$2,493,460
Cap Rate 7%
$1,781,043
Cap Rate 9%
$1,385,256
Alternative Uses
Best Use
Office B
$2.74M
$2.40M – $3.19M
NOI $191,656 @ 7.0% cap · market cap 11.62%
Second Best
Retail
$1.78M
$1.56M – $2.08M
NOI $124,673 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$3.41M
$2.98M – $3.98M
NOI $238,506 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,672
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
Median Home Value
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
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Similar Off Market Nearby
- The Hungry Fox Restaurant & Country Store — 4637 E Broadway Blvd, Tucson, AZ 85711
- Bella D’Auria Catering — 4445 E Broadway Blvd, Tucson, AZ 85711
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with office improvements, signage, Broadway Boulevard access, and rear warehouse functionality.
Where is this flex space located?
The property is located at 4380 E Broadway Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 13,116‑square‑foot flex property; Rear garage/warehouse area measuring approximately 48′ × 72′; 10′ roll‑up door serving the rear garage/warehouse area
