Condominium Office
For Sale
Contact for pricing
7340 E Speedway Blvd, Tucson, AZ 85710
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 Market144
Property Features for 7340 E Speedway Blvd
General Information
Standard status
Active
Size
2,826 SF
Property subtype
OFFICE
Zoning
O-3
Lease Type
NNN
Site & Location
Neighborhood
Speedtano
Building Details
Year Built
2007
Listing Agency:
CBRE | Tucson
(520) 323-5100
Listed By:
David Montijo
(520) 323-5136
Source:
Moodyscre
Added: Jun 12
Changed: Nov 2
Last Checked: Nov 1 at 7:24AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$39,677
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,540
$793.5K
Cap Rate 7%
$566,814
$566.8K
Cap Rate 9%
$440,856
$440.9K
Market Conditions
NOI Build-Up for 2,826 SF
Gross rent
$67.8K $24.00/SF
− Vacancy
−$14.9K −$5.28/SF
EGI
$52.9K $18.72/SF
− OpEx
−$13.2K −$4.68/SF
NOI
$39.7K $14.04/SF
Area
ZIP 85710
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,540
Cap Rate 7%
$566,814
Cap Rate 9%
$440,856
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
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Business Placement
Demographics for 85710, AZ
57,381
Population
28,463
Households
2
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
12.0 sq mi
ZIP Area
4,782
Density / Sq Mi
$54,738
Median Household Income
$36,892
Median Earnings
$1,169
Median Rent
$245,900
Median Home Value
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Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Office unit - 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 unit 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
