Retail Strip Mall
For Sale
$1,299,000
4648 Speedway Boulevard, Tucson, AZ 85712
For sale retail strip mall offering shopping center and storefront space in Tucson, Arizona.
Property Size9,175 SF
Price / SF$141.58
Days on Market149
Property Features for 4648 Speedway Boulevard
General Information
Standard status
Active
Size
9,175 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$13,785
Amenities
Central Air
3
Private.
130*176*133*177*, 0.53
Paved Road.
Building Details
Year Built
1973
Listing Agency:
Realty One Group Integrity
(520) 300-3646
Listed By:
Daniel Leal
(520) 300-3646
Source:
Xome
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 11 at 4:48AM
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 Realty One Group Integrity
Investment Insights
Based on property information with market context.
This for-sale retail property is configured as a strip mall, with shopping center and storefront space designed for commercial tenant use. The property totals 9,175 square feet and is listed at $1,299,000.
Located at 4648 E Speedway Boulevard in Tucson, Arizona 85712, the center offers a straightforward retail footprint suited to businesses seeking a dedicated storefront setting within a strip mall format.
Located at 4648 E Speedway Boulevard in Tucson, Arizona 85712, the center offers a straightforward retail footprint suited to businesses seeking a dedicated storefront setting within a strip mall format.
Key Highlights
- Retail strip mall with shopping center and storefront space in Tucson, Arizona
- Year built: 1973
- Central air cooling
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
—
—
no second resolved use
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
1,542
Businesses Nearby
124k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Groceries 18%
Dining 11%
Apparel 9%
QuikTrip
Shops & Services
38,350 visits/mo
0.3 miles
Sprouts Farmers Market
Groceries
21,754 visits/mo
0.4 miles
Circle K
Shops & Services
18,799 visits/mo
0.3 miles
Oregano's Pizza Bistro
Dining
11,296 visits/mo
0.1 miles
Chase Bank
Shops & Services
9,184 visits/mo
0.3 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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Frequently Asked Questions
What type of property is this?
Shopping center - For sale retail strip mall offering shopping center and storefront space in Tucson, Arizona.
Where is this shopping center located?
The property is located at 4648 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: Retail strip mall with shopping center and storefront space in Tucson, Arizona; Year built: 1973; Central air cooling
