Add Listing
    For Sale
    • 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

    107-112 Melody Lane unit 2 Bisbee, AZ 85603

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 107-112 Melody Lane unit 2, Bisbee, AZ
    For Sale
    $96,000

    LAND - Bisbee, AZ

    Lot size:
    0.26 Acres
    Added:
    Jul 17, 2025
    Days on Market:
    269
    Last Refresh:
    Apr 11 at 11:06 pm

    Property Features for 107-112 Melody Lane unit 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R3
    Standard status
    Active
    APN
    102-30-107
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    IN LOT 2 OR NE NW BEG 190' W OFCOR #4 OF JOSIE & PAT MNG CLAIM W 100' S 11502E 100' N 115' TO BEG .2
    Tax Annual Amount
    124

    Utilities

    Sewer type
    Public Sewer
    Water source
    Private

    We can help!

    Listing Contact
    David Greenberg

    Listing agent David Greenberg License #BR007571000

    Listing office Arizona Homestores LLC 2151 S Highway 92 Suite 100, Sierra Vista, AZ

    Listing date Jul 17, 2025

    MLS# 6893982 Listing URL

    Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bisbee Land with Development Potential

    Six lots are available, each potentially accommodating at least four units. Individual lots on either end are available for purchase. Water, sewer, and power are readily accessible, though verification by the buyer is recommended. The property benefits from a paved road. Concept drawings for fourplexes are available. Given Bisbee's limited availability of low to mid-range rentals, this location presents a development opportunity. The property is situated within a few hundred yards of the Cochise County Melody Lane Service Center, and a short distance from the Border Patrol Station, shopping areas, and the Bisbee Senior Center. The lot size is approximately 0.26 acres and is zoned R3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bisbee
    County
    Cochise
    State
    Arizona
    Longitude
    -109.9303555
    Latitude
    31.3912323

    Nearby Similar for Sale

    • $995,000
      3,586 SF

      Historic Bisbee Commercial Investment Opportunity

      Renovated historic building with restaurant spaces in Bisbee, Arizona.
      72-78 Main Street, Bisbee, AZ 85603
      View Details
    • $850,000
      1,021 SF

      Historic Bisbee Restaurant Opportunity

      Turnkey restaurant, bar, ice cream, and gift shop in Bisbee.
      105 Tombstone Canyon, Bisbee, AZ 85603
      View Details
    • $950,000
      1,021 SF

      Historic Bisbee Restaurant Opportunity

      Turnkey restaurant, bar, ice cream, and gift shop in Bisbee.
      105 Tombstone Canyon, Bisbee, AZ 85603
      View Details
    • $369,900

      Historic Bisbee Duplex with Income

      Historic Bisbee duplex with income potential near shops and restaurants.
      644 TOMBSTONE Canyon unit: A, Bisbee, AZ 85603
      View Details
    • $755,000

      Spacious Triplex in Old Bisbee

      Charming 3-unit building with original features and a garden oasis.
      48 SHEARER Avenue, Bisbee, AZ 85603
      View Details
    • $525,000
      2,819 SF

      Historic Commercial Building in Bisbee

      2,819 SF commercial building with retail and showroom space.
      79 MAIN Street, Bisbee, AZ 85603
      View Details
    • $515,000
      2,603 SF

      Downtown Bisbee Retail Storefronts For Sale

      Three retail spaces in historic downtown Bisbee with recent upgrades.
      31 Subway Street, Bisbee, AZ 85603
      View Details
    • $5,000

      Residential Lot with Mountain Views

      Residential lot near Old Bisbee with mountain views.
      W Cameo Street lot: 20, Bisbee, AZ 85603
      View Details
    • $45,000

      Land in Rural Bisbee, Arizona

      40+ acre lot zoned RU-4 near Bisbee and Sierra Vista.
      W Red Mountain Road lot: 9, Bisbee, AZ 85603
      View Details
    • $995,000
      3,586 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with tenants and vacant flex space available for sale.
      72-78 Main St, Bisbee, AZ 85603
      View Details
    • $1,695,000
      31,959 SF

      Cornerstone Building in Old Bisbee

      Historic mixed-use building in downtown Bisbee with diverse tenant mix.
      2 MAIN Street, Bisbee, AZ 85603
      View Details
    • $36,000

      Land with Mountain Views

      7.169 acres of land with well share in Bisbee.
      E Beech Craft Boulevard, Bisbee, AZ 85603
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Six lots near services, potential for multi-unit development.
    Where is this residential land & home lot located?
    The property is located at 107-112 Melody Lane unit 2 Bisbee, AZ.
    What is the asking price?
    The asking price for this property is $96,000.
    What are key features of this property?
    This property features: Potential for multi‑unit development (at least 4 units per lot).; Water, sewer, and power readily available.; Located near Cochise County Melody Lane Service Center, Border Patrol Station, shopping, and Bisbee Senior Center.
    (520) 227-1193
    We can help!
    Listing Contact
    David Greenberg
    Real Estate License ID: BR007571000
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!