Condominium Office
7340 E Speedway Blvd Tucson, AZ 85710
For Sale
Contact for pricing
Condo office unit built in 2007, zoned O-3, City of Tucson, with parking calculated at 4.53 per 1,000 SF.
Property Size2,826 SF
Price / SF$336.16
Days on Market47
Property Features for 7340 E Speedway Blvd
General Information
Standard status
Active
Size
2,826 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Tucson
(520) 323-5136
Listed By:
David Montijo
Source:
Moodyscre
Added: Jun 12
Changed: Jul 27
Last Checked: Jul 27 at 1:49PM
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 CBRE | Tucson
Investment Insights
Based on property information with market context.
This for-sale condominium office space totals approximately 2,826 SF and was built in 2007. The offering is presented with a parking ratio of 4.53 spaces per 1,000 SF and is designated under O-3 zoning in the City of Tucson.
The property is located at 7340 E Speedway Blvd in Tucson, Arizona 85710. It is also presented with an indicated lease rate of $22.00/SF on a NNN basis, supporting use as an income-oriented office condominium.
As listed, the sale price is $950,000.
The property is located at 7340 E Speedway Blvd in Tucson, Arizona 85710. It is also presented with an indicated lease rate of $22.00/SF on a NNN basis, supporting use as an income-oriented office condominium.
As listed, the sale price is $950,000.
Key Highlights
- 2,826 SF condo office unit built in 2007
- Zoned O‑3, City of Tucson
- Lease rate of $22.00/SF on a NNN basis
Financial Insights For Office B
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 | $67.8k | $24.00 |
| − Vacancy | −$14.9k | −$5.28 |
| EGI | $52.9k | $18.72 |
| − OpEx | −$13.2k | −$4.68 |
| NOI | $39.7k | $14.04 |
2,826 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$566.8K
$496.0K – $661.3K
NOI $39,677 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$774.2K
$677.4K – $903.2K
NOI $54,191 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Condo office unit built in 2007, zoned O-3, City of Tucson, with parking calculated at 4.53 per 1,000 SF.
Where is this office units located?
The property is located at 7340 E Speedway Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,826 SF condo office unit built in 2007; Zoned O‑3, City of Tucson; Lease rate of $22.00/SF on a NNN basis
