For Sale
$375,000
219 Douglas St, Bisbee, AZ 85603
Historic Copper City Electric building with original equipment included and utilities already on.
Property Size4,950 SF
Lot Size0.53 Acres
Price / SF$75.76
Days on Market276
Property Features for 219 Douglas St
General Information
Standard status
Active
Property type
Flex space, Industrial properties, Creative space, Office Spaces, Commercial real estate
Size
4,950 SF
Lot size
0.53 Acres
Building Details
Year Built
1930
Added: Jan 25
Changed: Jul 28
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,189
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,780
$483.8K
Cap Rate 7%
$345,557
$345.6K
Cap Rate 9%
$268,767
$268.8K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$38.6K $7.80/SF
− Vacancy
−$4.1K −$0.82/SF
EGI
$34.6K $6.98/SF
− OpEx
−$10.4K −$2.09/SF
NOI
$24.2K $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 Rate 5%
$483,780
Cap Rate 7%
$345,557
Cap Rate 9%
$268,767
Alternative Uses
Best Use
Office B
$540.5K
$473.0K – $630.6K
NOI $37,838 @ 7.0% cap · market cap 10.09%
Second Best
Flex RnD
$533.9K
$467.2K – $622.9K
NOI $37,374 @ 7.0% cap · market cap 9.97%
Theoretical Best
Specialty Retail
$733.5K
$641.8K – $855.7K
NOI $51,344 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85603, AZ
6,342
Population
4,183
Households
1.5
Avg Household Size
55
Median Age
30%
College-Educated
90%
High-School Grad
227.6 sq mi
ZIP Area
28
Density / Sq Mi
$46,509
Median Household Income
$27,690
Median Earnings
$835
Median Rent
$204,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Historic Copper City Electric building with original equipment included and utilities already on.
Where is this flex space located?
The property is located at 219 Douglas St Bisbee, AZ.
What is the asking price?
The asking price for this property is $375,000.
