Leased Retail Shopping
For Sale
Contact for pricing
5925 E Broadway Blvd, Tucson, AZ 85711
Retail shopping center with strong Broadway visibility and 70% occupancy directly across from Park Place Mall.
Property Size30,086 SF
Price / SF$212.72
Days on Market683
Property Features for 5925 E Broadway Blvd
General Information
Standard status
Active
Size
30,086 SF
Property subtype
RETAIL
Occupancy
70%
Additional Details
Road Access
Yes
Properties For Sale
at 5925 E Broadway Blvd Contact us- Floor
- 1
- Size
- 8,781 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
- Sublease
- No
5925 E Broadway Blvd
• Directly across the street from the main entrance to Park Place Mall, Tucson's...
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Listing Agency:
Volk Company Commercial Real Estate
(520) 326-3200
Listed By:
Jeramy Price · License #SA650998000
(520) 441-4771
Source:
Moodyscre
Added: Oct 31, 2024
Changed: Sep 10
Last Checked: Sep 12 at 5:43AM
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 shopping center is for sale and is currently 70% leased. The property benefits from strong street presence and is positioned for straightforward customer access from Broadway Blvd.
The center is directly across the street from the main entrance to Park Place Mall in Tucson, Arizona, creating convenient visibility to mall traffic.
With a leased income profile and prominent frontage on a major retail corridor, this property offers a practical option for buyers seeking a retail shopping center with established occupancy at 5925 E Broadway Blvd, Tucson, AZ 85711.
The center is directly across the street from the main entrance to Park Place Mall in Tucson, Arizona, creating convenient visibility to mall traffic.
With a leased income profile and prominent frontage on a major retail corridor, this property offers a practical option for buyers seeking a retail shopping center with established occupancy at 5925 E Broadway Blvd, Tucson, AZ 85711.
Key Highlights
- Directly across the street from the main entrance to Park Place Mall in Tucson
- Outstanding frontage, visibility, and access to Broadway Blvd
- 70% leased (70% occupancy)
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
$285,981
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
4.47%
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%
$5,719,620
$5.7M
Cap Rate 7%
$4,085,443
$4.1M
Cap Rate 9%
$3,177,567
$3.2M
Market Conditions
NOI Build-Up for 30,086 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
$433.2K $14.40/SF
− Vacancy
−$24.7K −$0.82/SF
EGI
$408.5K $13.58/SF
− OpEx
−$122.6K −$4.07/SF
NOI
$286.0K $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%
$5,719,620
Cap Rate 7%
$4,085,443
Cap Rate 9%
$3,177,567
Alternative Uses
Best Use
Retail
$4.09M
$3.57M – $4.77M
NOI $285,981 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.82M
$6.84M – $9.12M
NOI $547,093 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
70%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,653
Businesses Nearby
630k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Apparel 26%
Groceries 16%
Shops & Services 15%
Dillard's
Apparel
59,255 visits/mo
0.3 miles
Total Wine & More
Groceries
58,282 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
50,379 visits/mo
0.4 miles
Best Buy
Electronics
40,916 visits/mo
0.2 miles
Old Navy
Apparel
34,165 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
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Similar Off Market Nearby
- Independence Plaza — 350 S Williams Blvd, Tucson, AZ 85711, United States
- Sunglass Hut at Macy's — 5850 E Broadway Blvd, Tucson, AZ 85711
- Park Place Mall — 5870 E Broadway Blvd, Tucson, AZ 85711
- GO Calendars — E Broadway Blvd, Tucson, AZ 85711
- Teavana — 5870 E Broadway Blvd #138, Tucson, AZ 85711
Frequently Asked Questions
What type of property is this?
Shopping center - Retail shopping center with strong Broadway visibility and 70% occupancy directly across from Park Place Mall.
Where is this shopping center located?
The property is located at 5925 E Broadway Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Directly across the street from the main entrance to Park Place Mall in Tucson; Outstanding frontage, visibility, and access to Broadway Blvd; 70% leased (70% occupancy)
