Property profile

5055 E Broadway Blvd Tucson, AZ 85711

FOR LEASE
Office Spaces
Property ID
US07-1174836
33,993 SF 5.93 ac lot Built 1993
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

New World Plaza, located at 5055 E Broadway Blvd in Tucson, Arizona (zip code 85711), offers exceptional executive and professional office space for lease. This two-story building boasts a total of 29,973 square feet, with 9,753 square feet currently available. Multiple tenancy options are available, catering to businesses of varying sizes. Individual suites range from a minimum of 1,700 square feet to a maximum contiguous space of 2,875 square feet, although larger spaces may be combinable to accommodate specific needs. The building's prime location on Broadway Boulevard provides excellent visibility and accessibility. The property is ideal for businesses seeking a professional and well-maintained office environment in a thriving Tucson location. Interested parties should inquire about the availability of the four currently vacant spaces and the possibility of combining units to create larger office areas. The building's address is easily accessible via major roadways, offering convenient commutes for employees and clients alike. This is a rare opportunity to secure high-quality office space in a desirable Tucson location. Contact us today to schedule a viewing and discuss your specific office space requirements.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1993
Construction FRAME
Total area 33,993 SF
Lot 5.93 ac (258,311 SF)
APN 127-01-004C
UPID US07-1174836

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Physician Medical Clinic
  • Crisis Center Medical Clinic
  • Physician Medical Clinic

Location

5055 E Broadway Blvd Tucson, AZ 85711
Tucson metro Census 3304 TUCSON, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.43M
Comparable Approach Comparable
$6.71M
Blend (final) Blend
$1.49M

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
1991
$5.2M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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