Retail Property Near Park
For Sale
Contact for pricing
5975 E Broadway Blvd, Tucson, AZ
Freestanding retail property in Tucson's prime retail corridor.
Property Size36,800 SF
Lot Size9.34 Acres
Price / SF$187.50
Days on Market311
Property Features for 5975 E Broadway Blvd
General Information
Standard status
Active
Size
36,800 SF
Lot size
9.34 Acres
Property subtype
RETAIL
Listing Agency:
ORION Investment Real Estate
(480) 634-6934
Listed By:
Nick Miner CCIM · License #BR530564000
(480) 226-8037
Source:
Moodyscre
Added: Nov 7, 2025
Changed: Aug 15
Last Checked: Sep 13 at 10:10AM
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 ORION Investment Real Estate
Investment Insights
Based on property information with market context.
This two-tenant, net-leased, freestanding retail property is situated on 4.25 acres. The property offers storefront exposure within Tucson’s retail corridor. Its location is directly across from Park Place Mall, providing access to consumer traffic. The property shares a parking lot with Best Buy. The building has a size of 36800 square feet.
Key Highlights
- Unmatched access to regional consumer traffic due to location directly across from Park Place Mall.
- Institutional‑grade storefront exposure within Tucson’s top retail corridor.
- Net‑Leased property.
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
$349,800
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
5.07%
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%
$6,996,000
$7.0M
Cap Rate 7%
$4,997,143
$5.0M
Cap Rate 9%
$3,886,667
$3.9M
Market Conditions
NOI Build-Up for 36,800 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
$529.9K $14.40/SF
− Vacancy
−$30.2K −$0.82/SF
EGI
$499.7K $13.58/SF
− OpEx
−$149.9K −$4.07/SF
NOI
$349.8K $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%
$6,996,000
Cap Rate 7%
$4,997,143
Cap Rate 9%
$3,886,667
Alternative Uses
Best Use
Retail
$5.00M
$4.37M – $5.83M
NOI $349,800 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.56M
$8.36M – $11.15M
NOI $669,183 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,905
Businesses Nearby
834k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Apparel 34%
Groceries 12%
Electronics 7%
T.J. Maxx
Apparel
66,084 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
59,265 visits/mo
0.4 miles
Dillard's
Apparel
59,255 visits/mo
0.2 miles
Total Wine & More
Groceries
58,282 visits/mo
0.1 miles
Best Buy
Electronics
40,916 visits/mo
0.1 miles
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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Frequently Asked Questions
What type of property is this?
Shopping center - Freestanding retail property in Tucson's prime retail corridor.
Where is this shopping center located?
The property is located at 5975 E Broadway Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Unmatched access to regional consumer traffic due to location directly across from Park Place Mall.; Institutional‑grade storefront exposure within Tucson’s top retail corridor.; Net‑Leased property.
