Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2033 Speedway Blvd Tucson, AZ 85719
    Back to Search
    Property profile & analytics

    2033 Speedway Blvd Tucson, AZ 85719

    View on Map
    • Office properties & Spaces
    • 5,607 SF
    • 0.85 lot acres
    For Lease
    $1,920,000
    View Listing →
    Retail/Office Space Near University For Lease
    $1,920,000

    Retail/Office Space Near University

    Located near the University of Arizona, Downtown, and Banner Hospital.

    2033 E Speedway Blvd, Tucson, AZ 85719
    View Listing
    Property ID
    US07-1309983
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    7.7%
    Office properties & Spaces
    Location Intelligence

    Current Use by Public Records

    • UAHS Center for Sleep and Circadian Sciences / Research Institute
    • Blum Law Firm / Law Firm
    • General Business Recoveries / Business Related
    • Childrens Action Alliance / Charitable Organization / Social Service Agency
    • Rasmussen Injury Law / Law Firm

    Property Details for 2033 Speedway Blvd

    Year built
    1980
    Construction
    FRAME
    Lot size
    0.85 lot acres
    Property size
    5,607 SF
    Property type
    Office properties & Spaces
    APN
    123-07-282B
    APU
    12307282B

    Description

    The Herder Building, located at 2033 E Speedway Blvd, Tucson, AZ 85719, offers exceptional office space in the vibrant Midtown submarket. This two-story, 12,406 square foot building, constructed in 1980, features a variety of office configurations suitable for traditional, medical, or creative businesses. Three spaces are currently available, ranging from 850 to 3,690 contiguous square feet, with a minimum divisible space of 875 square feet. The building is situated on a 36,980 square foot lot and is zoned C-1. Convenient amenities include an elevator. Its prime location on Speedway Boulevard and Campbell Avenue provides easy access to the University of Arizona, Downtown Tucson, and Banner University Medical Center. The property's address is 2033 E Speedway Blvd, with a cross street of Campbell Ave, and its Assessor's Parcel Number (APN) is 12307282B. This versatile property presents a unique opportunity for businesses seeking a well-located and adaptable office space in a thriving Tucson neighborhood. The building is multi-tenant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,207,000
      Market price range: $931k - $2.21M
      AI Estimate
      $1,579,000
      Market price range: $575k - $1.58M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,540,000
      Current use
      RESTAURANT
      $2,610,000
      Change: +70% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,620,000
      Change: +5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,525,000
      Change: -1% Conversion: Difficult
      MEDICAL BUILDING
      $1,250,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.942
    Latitude
    32.2364
    CBSA code
    46060
    CBSA name
    TUCSON, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,995
    $59,908
    $189,438
    $249,346
    -
    $332,820
    $1,052,433
    $1,385,253

    Comparable in this City

    • Value Estimation by Request
      19,372 SF

      700 Broadway Blvd

      Medical Office Space • 19,372 SF
      700 Broadway Blvd, Tucson, AZ 85719
      View Details
    • Value Estimation
      $535,000
      2,864 SF

      1832 6th St

      OFFICE (GENERAL) • 2,864 SF
      1832 6th St, Tucson, AZ 85719-5223
      View Details
    • Value Estimation by Request
      1,014 SF

      Tucson, AZ 85719

      OFFICE (GENERAL) • 1,014 SF
      Tucson, AZ 85719
      View Details
    • Value Estimation
      $14,255,000
      49,472 SF

      1145 Santa Rita Ave

      OFFICE (GENERAL) • 49,472 SF
      1145 Santa Rita Ave, Tucson, AZ 85719
      View Details
    • Value Estimation
      $3,045,000
      16,489 SF

      3500 Campbell Ave

      OFFICE (GENERAL) • 16,489 SF
      3500 Campbell Ave, Tucson, AZ 85719-2030
      View Details
    • Value Estimation
      $2,355,000
      12,110 SF

      1550 Prince Rd

      OFFICE (GENERAL) • 12,110 SF
      1550 Prince Rd, Tucson, AZ 85719-1943
      View Details

    Similar Nearby for Sale

    • $1,395,000

      Prime Tucson Office Building

      11,556 SF Office/Retail Space, $1.395M
      2424 Broadway Blvd, Tucson, AZ 85719
      View Details
    • Contact for pricing
      19,495 SF

      Professional Office Campus For Sale

      Gated office campus with three buildings and excellent access.
      1650 E Fort Lowell Rd, Tucson, AZ 85719
      View Details
    • Contact for pricing
      5,596 SF

      Garden Style Office Building

      Multi-tenant office building in central location near Banner North.
      3610 N Prince Village Pl, Tucson, AZ 85719
      View Details
    • $1,500,000
      8,054 SF

      East Fort Lowell Office Building

      Two-story office building with upgraded finishes and convenient central location.
      1980 East Fort Lowell Rd, Tucson, AZ 85719
      View Details
    • $2,170,000
      12,406 SF

      Herder Building: Midtown Office Gem

      Tucson Office Building - $2.17M
      2033 Speedway Blvd, Tucson, AZ 85719
      View Details
    • Contact for pricing
      21,094 SF

      Repurposed Warehouse in Downtown Tucson

      Mixed-use property with multiple income streams in booming downtown.
      610 S Park Ave, Tucson, AZ 85719
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      882 SF

      West of I-10 Office Space

      Office space west of I-10 with solar energy.
      1955 W Grant Rd, Tucson, AZ 85719
      View Details
    • $18 SF/Yr
      11,556 SF

      Broadway Boulevard Retail/Office Suites

      Retail/office suites available for lease on Broadway Boulevard.
      2424 East Broadway Blvd, Tucson, AZ 85719
      View Details
    • Contact for pricing

      Historic Office Space on Speedway

      Class A office space in central Tucson location.
      2230 E Speedway Blvd, Tucson, AZ 85719
      View Details
    • Contact for pricing

      Campbell Corridor Office Building

      22,196 SF office building in central Tucson location.
      2601 N Campbell Ave, Tucson, AZ 85719
      View Details
    • Contact for pricing

      Historic Building at Broadway, Tucson

      Historic building with open space, visibility, and access.
      700 E Broadway Blvd, Tucson, AZ 85719
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office spaces available, ranging from 1,417 to 4,983 square feet.
      3365-3395 N Campbell Ave, Tucson, AZ 85719
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2033 Speedway Blvd
    Tucson, AZ 85719
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2033 Speedway Blvd, Tucson, AZ, 85719
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!