Property profile

8474 Speedway Blvd Tucson, AZ 85710

OFF-MARKET
Office Spaces
Property ID
US07-1250033
1,984 SF 0.27 ac lot Built 2005
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents three fully occupied, Class B office buildings totaling 7,284 square feet on a 0.781-acre lot in Tucson, Arizona. Located on the highly trafficked Speedway Boulevard, this property boasts excellent visibility and accessibility. The complex comprises three separate buildings (each separately parceled and metered), constructed between 2006 and 2007, with a combined 20 tenants under modified gross, month-to-month leases. The property features ample on-site parking (24 spaces total) and benefits from C-1 zoning. With a 100% occupancy rate and a pro-forma NOI of $72,297, this presents a strong value-add opportunity due to the potential for significant rent increases given the long-term tenants and the absence of rent bumps for the past decade. The asking price is $1,300,000, representing a pro-forma cap rate of 5.56% and a price per square foot of $178.47. Building sizes are approximately 1984, 2762, and 2538 square feet respectively. This is a rare opportunity to acquire a well-maintained, multi-tenant office complex in a prime Tucson location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2005
Construction FRAME
Total area 1,984 SF
Lot 0.27 ac (11,863 SF)
APN 133-25-186G
UPID US07-1250033

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
  • Gym & Fitness Center

Location

8474 Speedway Blvd Tucson, AZ 85710-1715
Tucson metro Census 4072 TUCSON, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2007
Price N/A
2006
Price N/A
2006
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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