Highway Frontage Flex
For Sale
$147,500
Pending
116 N HUACHUCA Boulevard, Huachuca City, AZ 85616
Two-building commercial property with office, workshop, storage, and vehicle-access functionality.
Property Size2,216 SF
Days on Market411
Property Features for 116 N HUACHUCA Boulevard
General Information
Standard status
Pending
Size
2,216 SF
Property subtype
Commercial/Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Office Build-Out
824 SF
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$2,131
Building Details
Year Built
2004
Buildings
2
Listing Agency:
Tierra Antigua Realty, LLC
(520) 255-0686
Listed By:
Robert Maloney · License #SA584140000
(520) 255-0686
Source:
Exitrealty
Added: Jul 2, 2025
Changed: Aug 16
Last Checked: Aug 16 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tierra Antigua Realty, LLC
Investment Insights
Based on property information with market context.
This flex space property includes two separate buildings totaling 2,216 square feet. The smaller structure contains an office, kitchen, and bathroom, while the larger building is configured as a wood shop and includes two garage doors for convenient equipment and vehicle access. A storage shed is also included.
The property is located at 116 N Huachuca Boulevard in Huachuca City, with 112 feet of frontage along Highway 90. Built in 2004, the site combines office accommodations with workshop and storage improvements in a two-building layout.
The property is located at 116 N Huachuca Boulevard in Huachuca City, with 112 feet of frontage along Highway 90. Built in 2004, the site combines office accommodations with workshop and storage improvements in a two-building layout.
Key Highlights
- 2,216‑square‑foot flex space property with two buildings
- 112 feet of frontage along Highway 90
- 824‑square‑foot office with kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,829
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$216,580
$216.6K
Cap Rate 7%
$154,700
$154.7K
Cap Rate 9%
$120,322
$120.3K
Market Conditions
NOI Build-Up for 2,216 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.3K $7.80/SF
− Vacancy
−$1.8K −$0.82/SF
EGI
$15.5K $6.98/SF
− OpEx
−$4.6K −$2.09/SF
NOI
$10.8K $4.89/SF
Area
Cochise County, AZ
Vacancy
10.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$216,580
Cap Rate 7%
$154,700
Cap Rate 9%
$120,322
Alternative Uses
Best Use
Office B
$242.0K
$211.7K – $282.3K
NOI $16,939 @ 7.0% cap · market cap 11.48%
Second Best
Flex RnD
$239.0K
$209.2K – $278.9K
NOI $16,732 @ 7.0% cap · market cap 11.34%
Theoretical Best
Specialty Retail
$328.4K
$287.3K – $383.1K
NOI $22,985 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85616, AZ
5,110
Population
2,421
Households
2.1
Avg Household Size
52
Median Age
26%
College-Educated
93%
High-School Grad
150.3 sq mi
ZIP Area
34
Density / Sq Mi
$50,515
Median Household Income
$40,820
Median Earnings
$937
Median Rent
$157,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property with office, workshop, storage, and vehicle-access functionality.
Where is this flex space located?
The property is located at 116 N HUACHUCA Boulevard Huachuca City, AZ.
What is the asking price?
The asking price for this property is $147,500.
What are key features of this property?
This property features: 2,216‑square‑foot flex space property with two buildings; 112 feet of frontage along Highway 90; 824‑square‑foot office with kitchen and bathroom
