Mixed-Use Property with Roll-Up
New
For Sale
$1,000,000
45454551 4545-4551 E Speedway Boulevard, Tucson, AZ 85712
C-2-zoned commercial property combines storefront space with automotive service functionality and monument signage.
Property Size12,008 SF
Price / SF$83.28
Days on Market2
Property Features for 45454551 4545-4551 E Speedway Boulevard
General Information
Standard status
Active
Size
12,008 SF
Building Details
Year Built
1960
Listing Agency:
Larsen Baker, LLC
Listed By:
George C Larsen
(520) 296-0200
Source:
Collaborative-agents
Added: Sep 7
Last Checked: Sep 7 at 3:07PM
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 Larsen Baker, LLC
Investment Insights
Based on property information with market context.
Located at 4545-4551 E Speedway Boulevard in Tucson, this mixed-use commercial property combines retail frontage with an auto-shop component. The property includes 3 buildings arranged across 5 tenant configurations, with 12,008 SF of total building area. Roll-up doors support automotive operations, while monument signage provides on-site identification along the corridor.
The property occupies a 47,600 SF parcel, approximately 1.1 acres, with about 170 feet of frontage on Speedway Boulevard. C-2 zoning is identified by the City of Tucson. Surrounding businesses include Sprouts Farmers Market, Chase Bank, Royal Kia, Pep Boys, Circle K, Ignite Fitness, restaurants, and other automotive services. The existing cell tower and billboard are excluded from the sale.
The property occupies a 47,600 SF parcel, approximately 1.1 acres, with about 170 feet of frontage on Speedway Boulevard. C-2 zoning is identified by the City of Tucson. Surrounding businesses include Sprouts Farmers Market, Chase Bank, Royal Kia, Pep Boys, Circle K, Ignite Fitness, restaurants, and other automotive services. The existing cell tower and billboard are excluded from the sale.
Key Highlights
- 12,008 SF across 3 buildings
- 5 tenant configurations
- 47,600 SF lot, approximately 1.1 acres
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
$87,016
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
8.70%
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%
$1,740,320
$1.7M
Cap Rate 7%
$1,243,086
$1.2M
Cap Rate 9%
$966,844
$966.8K
Market Conditions
NOI Build-Up for 12,008 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
$131.1K $10.92/SF
− Vacancy
−$6.8K −$0.57/SF
EGI
$124.3K $10.35/SF
− OpEx
−$37.3K −$3.11/SF
NOI
$87.0K $7.25/SF
Area
Tucson, AZ
Vacancy
5.20%
Lease Rate
$10.92 /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%
$1,740,320
Cap Rate 7%
$1,243,086
Cap Rate 9%
$966,844
Alternative Uses
Best Use
Mixed Use
$2.11M
$1.84M – $2.46M
NOI $147,518 @ 7.0% cap · market cap 14.75%
Second Best
Retail
$1.63M
$1.43M – $1.90M
NOI $114,141 @ 7.0% cap · market cap 11.41%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,357 @ 7.0% cap · market cap 21.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned commercial property combines storefront space with automotive service functionality and monument signage.
Where is this mixed-use property located?
The property is located at 45454551 4545-4551 E Speedway Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 12,008 SF across 3 buildings; 5 tenant configurations; 47,600 SF lot, approximately 1.1 acres
