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    2315 Speedway Blvd Tucson, AZ 85719

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    2315 Speedway Blvd Tucson, AZ 85719

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    • Medical Office Space
    • 2,227 SF
    Off-Market
    Property ID
    US07-3351086
    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
    Location Intelligence

    Current Use by Public Records

    • Southern Arizona Crime Victim Attorneys / Law Firm
    • Van Amburg Law Firm PLLC / Law Firm

    Property Details for 2315 Speedway Blvd

    Year built
    1962
    Property size
    2,227 SF
    Property type
    Medical Office Space

    Description

    This exceptional 2,227 square foot medical office building, located at 2315 E Speedway Blvd in Tucson, Arizona, presents a unique leasing opportunity. Built in 1962, the property sits on a 0.19-acre lot and is zoned O-3, Tucson. The building offers a single-tenant occupancy configuration, with the entire space currently vacant and ready for immediate lease. The property type is classified as both Retail and Office, making it suitable for a variety of medical practices. Parking is provided on-site with private parking spaces available for tenants and their clients. The property's convenient location in Pima County, Arizona, offers excellent visibility and accessibility, with easy access to major roadways and a high volume of traffic. The zip code is 85719. This is an ideal space for a medical professional seeking a well-maintained, single-tenant building in a prime Tucson location. The property's size and zoning make it suitable for a range of medical uses. The vacant status allows for immediate occupancy and customization to meet specific business needs. Interested parties are encouraged to inquire further to explore this promising investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.937756
    Latitude
    32.2364232

    Comparable in this City

    • Contact for pricing

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      Retail/Office Space Near University

      Located near the University of Arizona, Downtown, and Banner Hospital.
      2033 E Speedway Blvd, Tucson, AZ 85719
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      Retail or Office Space Available

      Freestanding buildings for retail or office use with parking.
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      Retail/Office Space on Campbell Ave

      Freestanding retail or office buildings with parking and signage.
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      Versatile Commercial Space in Tucson

      2600 SF commercial space suitable for various business uses.
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    Similar Nearby for Lease

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      Retail/Office Space Near University

      Located near the University of Arizona, Downtown, and Banner Hospital.
      2033 E Speedway Blvd, Tucson, AZ 85719
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      Freestanding buildings for retail or office use with parking.
      2927 N Campbell Ave, Tucson, AZ 85719
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      2600 SF commercial space suitable for various business uses.
      2841 N Campbell Ave, Tucson, AZ 85719
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      Broadway Boulevard Retail/Office Suites

      Retail/office suites available for lease on Broadway Boulevard.
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      Retail/Office Space on Campbell Ave

      Freestanding retail or office buildings with parking and signage.
      2923 N Campbell Ave, Tucson, AZ 85719
      View Details
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    Tucson, AZ 85719
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    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
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