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    6245 E Broadway Blvd Tucson, AZ 85711
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    6245 E Broadway Blvd Tucson, AZ 85711

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    6245 E Broadway Blvd, Tucson, AZ 85711 For Lease
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    6245 E Broadway Blvd, Tucson, AZ 85711

    Six-story office building with suites available for rent.

    6245 E Broadway Blvd, Tucson, AZ 85711
    View Listing
    Property ID
    US07-1990148
    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

    • Biuso Thomas J MD / Physician
    • Zach Mooney / Loan Service / Bank
    • Jesus Hernandez / Real Estate Agency
    • NOVA Home Loans / Loan Service / Bank
    • Matt Liddicoat / Loan Service / Bank

    Property Details for 6245 E Broadway Blvd

    Year built
    1973
    Property type
    Office buildings
    Property subtype
    Office Units

    Description

    High profile, 6-story professional office building. Located just west of the Northwest corner of Broadway Blvd and Wilmot Rd Building signage on Broadway Blvd AVAILABLE First Floor: Suite 180 ±3,700 RSF Second Floor: Entire Floor: ±14,772 RSF (Divisible) Third Floor: Suite 330 ±2,488 RSF Suite 350 ±5,407 RSF Suite 370 ±2,472 RSF

    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
    -110.860201
    Latitude
    32.221574

    Comparable in this City

    • Contact for pricing
      1,194 SF

      Tucson Flex Space Available

      Flex space in central Tucson, suites available for immediate occupancy.
      4909-4957 E 29Th St, Tucson, AZ 85711
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      Office Space Near Alvernon

      Office space with private office, kitchenette, and bathroom.
      4049-4099 E 22Nd St, Tucson, AZ 85711
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    • $15 SF/Yr
      5,000 SF

      Central Tucson Office Space Available

      Office suites for lease in central Tucson location.
      1037 South Alvernon Way, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent, approximately 1 square foot.
      5441 E 22Nd St, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Tucson, Arizona.
      40 N Swan Rd, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Broadway Frontage Retail/Office Space

      Highly visible retail and office spaces with flexible layouts.
      4625 E Broadway Blvd, Tucson, AZ 85711
      View Details

    Similar Nearby for Sale

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      Functional Office Space For Sale

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    • $275,000
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      Tucson Office Building on 22nd

      Well-maintained office building on 22nd Street with expansion potential.
      5650 E 22Nd St, Tucson, AZ 85711
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      1,572 SF

      Freestanding Building Near 22nd & Craycroft

      1,572 SF freestanding building on 7,200 SF lot.
      921 S Craycroft Rd, Tucson, AZ 85711
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    • $299,000
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      Remodeled Freestanding Central Office Building

      Remodeled office building with modern finishes, flexible space, and storage.
      727 N Swan Rd, Tucson, AZ 85711
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      50,000 SF

      Class A Office Building

      Professional office building with mountain views and abundant parking.
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    • $95,000
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      Tucson Commercial Land For Sale

      Commercial land for ground lease east of QuikTrip.
      Golf Links Rd, Tucson, AZ 85711
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    Similar Nearby for Lease

    • Contact for pricing
      1,194 SF

      Tucson Flex Space Available

      Flex space in central Tucson, suites available for immediate occupancy.
      4909-4957 E 29Th St, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Office Space Near Alvernon

      Office space with private office, kitchenette, and bathroom.
      4049-4099 E 22Nd St, Tucson, AZ 85711
      View Details
    • $15 SF/Yr
      5,000 SF

      Central Tucson Office Space Available

      Office suites for lease in central Tucson location.
      1037 South Alvernon Way, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent, approximately 1 square foot.
      5441 E 22Nd St, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Tucson, Arizona.
      40 N Swan Rd, Tucson, AZ 85711
      View Details
    • Contact for pricing

      Broadway Frontage Retail/Office Space

      Highly visible retail and office spaces with flexible layouts.
      4625 E Broadway Blvd, Tucson, AZ 85711
      View Details
    View Listing
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    Tucson, AZ 85711
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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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