Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sierra Vista Multifamily Opportunity Title is generated by Realmo AI

    2200 Las Brisas Way, Sierra Vista, AZ 85635

    View on Map
    Claim this Listing
    For Sale
    $10,000,000

    Multifamily property in Sierra Vista with value-add potential.

    Type:Multifamily
    Added:
    Feb 26, 2026
    Days on Market:
    102
    Last Refresh:
    Feb 26 at 11:07 pm

    Property Features for 2200 Las Brisas Way

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Justin Lanné
    Justin Lanné

    Listing agent Justin Lanné License #AZ SA016917000

    Listing office

    Listing date Feb 26, 2026

    Source Naiglobal

    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 Justin Lanné

    HighLights

    • Value‑add opportunity with below‑market rents.
    • Strong North/Northeast location.
    • 20 units renovated in 2022.
    • Functional floorplans with a high percentage (67%) of 2‑bedroom, 2‑bath units.
    • Pitched roofs.
    • Porches/patios.

    Overview

    This multifamily property is located in the North/Northeast area. It features pitched roofs and functional floorplans. The unit mix consists of 67% two-bedroom, two-bathroom units, with porches or patios, and walk-in closets. Ceiling fans are included. There is a value-add opportunity due to below-market rents. Twenty units were renovated in 2022.
    Location Intelligence

    Current Use by Public Records

    Las Brisas Apartments Apartment Complex

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sierra Vista
    County
    Cochise
    State
    Arizona
    Longitude
    -110.275899
    Latitude
    31.563232

    Nearby Similar for Sale

    • $450,000
      3,900 SF

      Sierra Vista Multifamily Investment Opportunity

      Six-unit multifamily property near Ft. Huachuca in Sierra Vista.
      N Pfister Avenue N, Sierra Vista, AZ 85635
      View Details
    • $800,000
      8,232 SF

      Fully Occupied Retail Plaza For Sale

      Income-generating retail plaza with highway frontage and high visibility.
      4024 E LA LINDA Way, Sierra Vista, AZ 85635
      View Details
    • $2,444,444

      Retail Property in Sierra Vista

      Retail property with excellent parking and re-tenanting options.
      205 S Hwy 92, Sierra Vista, AZ 85635
      View Details
    • $210,000

      Sierra Vista Duplex For Sale

      Well-maintained duplex in quiet neighborhood, ideal for investors.
      548 GRAHAM Drive, Sierra Vista, AZ 85635
      View Details
    • $200,000

      Renovated Duplex in Sierra Vista

      Recently renovated duplex with comfortable living spaces and fenced backyards.
      565 GRAHAM Drive, Sierra Vista, AZ 85635
      View Details
    • Contact for pricing
      18,437 SF

      Industrial Warehouse with Expansion Potential

      18,437 SF industrial warehouse on 2.15 acres for sale.
      4062 East Industry Drive, Sierra Vista, AZ, 85635
      View Details
    • $2,940,000
      5,540 SF

      Sierra Vista Retail Investment Opportunity

      Fully leased retail property with national tenants in Sierra Vista.
      4177 AZ-90, Sierra Vista, AZ
      View Details
    • $1,100,000

      1340 Acres Ranch with Views

      Large ranch property near Sierra Vista with abundant wildlife.
      Off Hwy 92 & Rio Vista Rd, Sierra Vista, AZ 85625
      View Details
    • Contact for pricing

      Rodeway Inn Near Ft Huachuca

      48-unit hospitality property near Fort Huachuca in Sierra Vista.
      100 S Fab Ave, Sierra Vista, AZ 85635
      View Details
    • Contact for pricing
      2,400 SF

      Retail/Office Space in Sierra Vista

      2400 SF retail/office space in a high-growth area.
      3651 S Hwy 92, Sierra Vista, AZ
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Sierra Vista with value-add potential.
    Where is this apartment building located?
    The property is located at 2200 Las Brisas Way Sierra Vista, AZ.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: Value‑add opportunity with below‑market rents.; Strong North/Northeast location.; 20 units renovated in 2022.
    (520) 907-3470
    We can help!
    Listing Contact
    Justin Lanné
    Justin Lanné
    Real Estate License ID: AZ SA016917000
    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

    Thank You for Inquiry
    2200 Las Brisas Way | Sierra Vista, AZ 85635
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!