Multi-Tenant Retail
For Sale
Contact for pricing
5623-5627 E 22nd St, Tucson, AZ 85711
Retail building configured for three tenants with strong visibility along E 22nd St.
Property Size3,720 SF
Price / SF$120.70
Days on Market173
Property Features for 5623-5627 E 22nd St
General Information
Standard status
Active
Size
3,720 SF
Property subtype
RETAIL
Amenities
large monument signage
Building Details
Tenancy
Multi
Listing Agency:
Volk Company Commercial Real Estate
(520) 981-3728
Listed By:
Andreas Castillo · License #SA669705000
(520) 981-3728
Source:
Moodyscre
Added: Feb 9
Changed: Jul 31
Last Checked: Jul 31 at 8:52AM
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 Volk Company Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail building is configured for three tenants, offering flexible space for either an owner-user or an investment setup. The property is supported by large monument signage and is positioned for strong street visibility.
The building is located at 5623-5627 E 22nd St in Tucson, Arizona, with excellent visibility along 22nd Street. The signage and frontage position are designed to help draw attention from passing traffic in a high-density central Tucson setting.
With its three-tenant configuration and prominent monument signage, the property supports multiple occupancy options within a single retail asset.
The building is located at 5623-5627 E 22nd St in Tucson, Arizona, with excellent visibility along 22nd Street. The signage and frontage position are designed to help draw attention from passing traffic in a high-density central Tucson setting.
With its three-tenant configuration and prominent monument signage, the property supports multiple occupancy options within a single retail asset.
Key Highlights
- Configured for 3 tenants
- Excellent visibility along E 22nd St
- Large monument signage
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.6k | $14.40 |
| − Vacancy | −$3.1k | −$0.82 |
| EGI | $50.5k | $13.58 |
| − OpEx | −$15.2k | −$4.07 |
| NOI | $35.4k | $9.51 |
3,720 SF · lease $14.40/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$505.1K
$442.0K – $589.3K
NOI $35,360 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.4K
$845.6K – $1.13M
NOI $67,646 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Dining 29%
Groceries 27%
Home Improvements & Furnishings 12%
Walmart Neighborhood Market
Groceries
37,928 visits/mo
0.4 miles
Dollar Tree
Shops & Services
19,443 visits/mo
0.3 miles
Jack in the Box
Dining
16,374 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
16,213 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,455 visits/mo
0.1 miles
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 Retail in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building configured for three tenants with strong visibility along E 22nd St.
Where is this retail space located?
The property is located at 5623-5627 E 22nd St Tucson, AZ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Configured for 3 tenants; Excellent visibility along E 22nd St; Large monument signage
