Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5919 E Broadway Blvd Tucson, AZ 85711

    • Retail space
    • 11,253 SF
    • 1.51 lot acres
    For Sale
    View listing
    $3,200,000
    Last Sale
    Apr 21, 2022
    $2,255,000
    Value Estimations
    Cap Rate Potential
    4.5%
    Retail space
    Location Intelligence
    Property ID
    US07-0611290
    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.

    Current Use by Public Records

    • Bullfrog Spas Factory Store – Tucson Broadway / Hot Tub Store

    Property Details for 5919 E Broadway Blvd

    Year built
    2004
    Construction
    FRAME
    Lot size
    1.51 lot acres
    Property size
    11,253 SF
    Property type
    Retail space
    APN
    127-13-051C
    APU
    12713051C

    Description

    This exceptional 11,253-square-foot retail storefront, located at 5919 E Broadway Boulevard in Tucson, Arizona, presents a compelling investment opportunity. Built in 2004, the property sits on a 1.513-acre lot and boasts a highly desirable C-1 zoning designation within the City of Tucson (APN: 127-13-051C). The asking price is $2,600,000, and the lease type is NNN. This prime location offers outstanding frontage visibility and accessibility from Broadway Boulevard, a major thoroughfare. The property benefits from its proximity to a significant concentration of established businesses, including national and local restaurants and retailers such as Round1, Old Navy, Yard House, Total Wine, Red Lobster, World Market, and Best Buy, ensuring high traffic volume and strong consumer presence. The property is also strategically situated just north of the Park Place Mall, further enhancing its desirability. Current tenants include Peter Piper Pizza, Verizon, Atl Wings, and Sola Salon, demonstrating the property's appeal to a diverse range of businesses. This is a rare opportunity to acquire a well-located, established retail property in a thriving commercial area of Tucson. The property's size, location, and existing tenant base make it an ideal investment for discerning buyers seeking a strong return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,370,000
      ML approach
      $2,425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,785,000
      6.5%
      $1,645,000
      7%
      $1,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,360,000
      Market price range: $1.14M - $2.36M
      AI Estimate
      $1,555,000
      Market price range: $606k - $1.56M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,795,000
      Current use
      AUTO REPAIR, GARAGE
      $3,065,000
      Change: +70% Conversion: Difficult
      MEDICAL BUILDING
      $2,510,000
      Change: +40% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,320,000
      Change: +29% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.866
    Latitude
    32.2224
    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
    $28,829
    $94,882
    $208,949
    $303,831
    -
    $527,120
    $1,160,830
    $1,687,950

    Comparable in this City

    • Value Estimation by Request
      3,575 SF

      5465 Broadway Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,575 SF
      5465 Broadway Blvd, Tucson, AZ 85711-3704
      View Details
    • Value Estimation
      $560,000
      5,447 SF

      5225 22nd St

      RETAIL STORES (PERSONAL SERVICES) • 5,447 SF
      5225 22nd St, Tucson, AZ 85711-5003
      View Details
    • Value Estimation
      $1,185,000
      8,049 SF

      4451 22nd St

      RETAIL STORES (PERSONAL SERVICES) • 8,049 SF
      4451 22nd St, Tucson, AZ 85711-5707
      View Details
    • Value Estimation by Request
      7,880 SF

      4443 22Nd St

      Individual retail properties • 7,880 SF
      4443 22Nd St, Tucson, AZ 85711
      View Details
    • Value Estimation
      $970,000
      23,800 SF

      1120 Swan Rd

      RETAIL STORES (PERSONAL SERVICES) • 23,800 SF
      1120 Swan Rd, Tucson, AZ 85711-4910
      View Details
    • Value Estimation
      $4,270,000
      14,482 SF

      5480 22nd St

      RETAIL STORES (PERSONAL SERVICES) • 14,482 SF
      5480 22nd St, Tucson, AZ 85711-5406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,896 SF

      Retail Space Near Park Place

      Retail space available in busy Tucson retail corridor.
      5720 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • $950,000
      7,880 SF

      Free Standing Retail Building

      Free standing retail building with high visibility and easy access.
      4443 E 22Nd St, Tucson, AZ 85711
      View Details
    • Contact for pricing
      16,500 SF

      Retail Building Near Park Place

      16,500 SF retail building in a prime location.
      322 S Wilmot Rd, Tucson, AZ 85711
      View Details
    • $6,900,000
      36,800 SF

      Retail Property Near Park Place

      Freestanding retail property in Tucson's prime retail corridor.
      5975 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • $5,850,000
      6.10 Acres

      Prime Tucson Development Site

      6.1 Acres, C-1 Zoning, High Visibility
      5028 Broadway Blvd, Tucson, AZ 85711
      View Details
    • $3,750,000
      4,252 SF

      McDonald's NNN Ground Lease Opportunity

      Corporate ground lease with a long-term tenant and prime location.
      6105 E Broadway Blvd, Tucson, AZ 85711
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Retail Pads in Anchored Center

      Retail pads available in a high-traffic, high-income area.
      5205 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • Contact for pricing
      5,400 SF

      Retail Space Near Air Force Base

      Retail space with high visibility and traffic near DMAFB.
      2002-2026 S Craycroft Rd, Tucson, AZ 85711
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Park Mall

      Retail space available near Park Mall in Tucson, Arizona.
      5602-5660 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • Contact for pricing
      2,165 SF

      Retail Space on Broadway Blvd

      Retail space for lease in a high-traffic Tucson location.
      6125-6145 E Broadway Blvd, Tucson, AZ 85711
      View Details
    • Contact for pricing
      30,118 SF

      Broadway Blvd Retail Anchor Space

      High-traffic retail space, excellent visibility.
      5555 Broadway Blvd, Tucson, AZ 85711
      View Details
    • $3,000 /Mo
      1,500 SF

      Renovated Retail Space in Midtown

      Midtown retail space with renovated interior and high traffic.
      5450 E 5Th St, Tucson, AZ 85711
      View Details
    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.
    5919 E Broadway Blvd
    Tucson, AZ 85711
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.