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Retail Property Near Park Place
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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 Market265

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
Listed By: Nick Miner CCIM · License #BR530564000
Source: Moodyscre
Added: Nov 7, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:35AM

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 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 $529.9k $14.40
− Vacancy −$30.2k −$0.82
EGI $499.7k $13.58
− OpEx −$149.9k −$4.07
NOI $349.8k $9.51
36,800 SF · lease $14.40/SF/yr · vacancy 5.70% · expense 30.00%

Alternative Uses

Best Use
Retail
$5.00M
$4.37M – $5.83M (±1% cap)
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 (±1% cap)
NOI $669,183 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

World Market Furniture & Home Goods Spirit Halloween Party Supply Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Auto Parts Store Auto Repair Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,905
Businesses Nearby
834k
Monthly Visits Nearby
Well-served
Demand for This Use

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

Market

Vacancy Rate% for Retail in Tucson, AZ

7.4% 2019
8.3% 2020
7.5% 2021
6.8% 2022
6.5% 2023
6.4% 2024
6.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Park Place Mall — 5870 E Broadway Blvd, Tucson, AZ 85711
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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.
(480) 226-8037 Call to check price and availability
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