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    The Largest CRE Database in the US with Over 1 Million Listings

    1104 S Central Ave Safford, AZ 85546

    Sponsored
    For Sale
    $685,000

    MULTI_FAMILY - Safford, AZ

    Property size:
    4,075 SF
    Lot size:
    0.36 Acres
    Days on Market:
    56
    Last Refresh:
    Jan 27 at 7:06 pm

    Property Features for 1104 S Central Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Bay Window(s)
    Zoning
    Other - CALL
    APN
    101-07-121
    Parking
    6
    Patio and Porch features
    Patio
    Interior features
    Breakfast Bar, Kitchen Island, Entrance Foyer, Vaulted Ceiling(s)
    Exterior features
    Balcony, Courtyard, Play Equipment
    Appliances
    Gas Range, Dishwasher
    Size
    4,075 SF
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1890
    Number of units
    4
    Flooring type
    Wood
    Building materials
    Brick
    Roof type
    Metal
    Additional Structures
    Gazebo

    We can help!

    Listing Contact
    AnnetaLynne R. Smith
    AnnetaLynne R. Smith

    Tierra Antigua Realty, LLC (520) 544-2335

    Listing agent AnnetaLynne R. Smith (928) 322-6929

    Listing date Dec 3, 2025

    MLS# 22529834 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Historic Safford Bed and Breakfast

    This historic property, originally known as The Olney House and currently operating as The Cottage Bed & Breakfast, offers over 4,200 sq. ft. of versatile space across multiple buildings on over 1/3 of an acre. Constructed in 1890, the property combines craftsmanship with modern versatility, surrounded by porches, shade trees, and garden charm. The main house features a two-bedroom, one-bath apartment upstairs with an open-concept living and dining area. The downstairs includes a one-bedroom, one-bathroom suite, a full kitchen, and a separate living area, with the potential to convert two additional rooms into bedrooms. A 420 sq. ft. cottage provides a one-bedroom, one-bath guest house with an open living/dining layout, suitable for vacation rentals or guest accommodations. Additionally, a 420 sq. ft. structure, currently housing the Cottage Bakery, includes a dedicated kitchen and storage, with potential as a commercial bakery, artist's studio, or rental unit. The property offers income-producing potential, allowing for living in one unit while renting the others, or operating as a full bed & breakfast. It features original details, solid construction, covered porches, mature trees, and a desirable location with walkability. The property is suitable to continue its legacy as an inn and bakery, convert it into a multi-unit rental, or serve as a private residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cottage Bed and Breakfast Bed & Breakfast Cottage Bakery Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Cottage Bed and Breakfast, Copper Canyon, Days Inn Safford

    Location Insight

    • Map
    • Local Demand
    City
    Safford
    County
    Graham
    State
    Arizona
    Longitude
    -109.711585
    Latitude
    32.827347

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    FAQs

    What type of property is this?
    Bed & breakfast - Charming historic property with income potential in Safford, Arizona.
    Where is this bed & breakfast located?
    The property is located at 1104 S Central Ave Safford, AZ.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - Income-producing potential: Operate as a bed & breakfast, multi-unit rental, or live in one unit while renting the others.; - Historic property with masterful craftsmanship: Built in 1890, featuring original details, solid construction, and timeless character.; - Versatile space: Over 4,200 sq. ft. across multiple buildings on over 1/3 acre, including a main house, cottage, and bakery/kitchen building.
    (520) 544-2335
    Request Owner's contact information
    1104 S Central Ave Safford, AZ 85546
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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
    1104 S Central Ave Safford, AZ 85546
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    We can help!
    Listing Contact
    AnnetaLynne R. Smith
    AnnetaLynne R. Smith
    (520) 544-2335
    Learn more
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