Historic Flex Building with
For Sale
$375,000
219 Douglas Street, Bisbee, AZ 85603
Commercial Sale, Bisbee, AZ
Property Size4,950 SF
Lot Size0.53 Acres
Price / SF$75.76
Days on Market226
Property Features for 219 Douglas Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Bisbee - Call
Directions
From Arizona Street - west on Congdon and South on Douglas Street. Property on the right.
Subdivision
Cochise
Standard status
Active
APN
101-07-028
Size
4,950 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Warren Lots 213 215 N 26' Of Lot 211 Blk 83 L <10 Topo>
Tax Annual Amount
1268
Legal Description
Warren Lots 213 215 N 26' Of Lot 211 Blk 83 L <10 Topo>
Building Details
Year built
1930
Listing Agency:
Pepper Realty
Listed By:
Paula J Sindelar · License #BR532027000
(520) 360-8593
Added: Jan 25
Changed: Sep 4
Last Checked: Sep 8 at 7:06PM
MLS# 22602411
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.
Investment Insights
Based on property information with market context.
This historic flex building was formerly the Copper City Electric property and includes most of the original equipment from the electric motor and service operations. The business is described as closed and non-operational for decades, and the sale includes equipment used for electrical service, transformer, and equipment work. Utilities are on.
The property sits on Douglas Street in Bisbee, AZ, within Cochise County, and is offered for sale with prime commercial frontage as noted in the remarks.
The building size is listed as 4,950 square feet, and the lot size is listed as 0.53 acres. Address: 219 Douglas Street, Bisbee, AZ 85603.
The property sits on Douglas Street in Bisbee, AZ, within Cochise County, and is offered for sale with prime commercial frontage as noted in the remarks.
The building size is listed as 4,950 square feet, and the lot size is listed as 0.53 acres. Address: 219 Douglas Street, Bisbee, AZ 85603.
Key Highlights
- Historic Copper City Electric Building built in 1930
- Former electrical services and motor dealings business now closed for decades (non‑operational)
- Equipment included: most of the original equipment from electric motor and service operations
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
$24,189
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
6.45%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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 Street Bisbee, AZ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Historic Copper City Electric Building built in 1930; Former electrical services and motor dealings business now closed for decades (non‑operational); Equipment included: most of the original equipment from electric motor and service operations
