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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 Market358

Property Features for 5975 E Broadway Blvd

General Information

Standard status Active
Size 36,800 SF
Lot size 9.34 Acres
Property subtype RETAIL

Site & Location

Neighborhood Sewell
Listing Agency: ORION Investment Real Estate
Listed By: Nick Miner CCIM · License #BR530564000
Source: Moodyscre
Added: Nov 7, 2025 Changed: Oct 25 Last Checked: Oct 30 at 6:07PM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

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 / Yr
$349,800
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
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
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 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 (±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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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
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

7.4% 2019
8.3% 2020
7.5% 2021
6.8% 2022
6.5% 2023
6.4% 2024
6.2% 2025

Similar Off Market Nearby

  • 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
  • Coin Cloud Bitcoin ATM — 5870 E Broadway Blvd, Tucson, AZ 85719

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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