Historic Mixed-Use Commercial
For Sale
$285,000
233 N Canyon Dr, Sierra Vista, AZ 85635
Historic commercial building with a large flexible interior, private courtyard, designated parking, and an unfinished upstairs apartment.
Property Size3,188 SF
Price / SF$89.40
Days on Market229
Property Features for 233 N Canyon Dr
General Information
Standard status
Active
Size
3,188 SF
Taxes and HOA fees
Annual Taxes
$5,122
Amenities
private courtyard
full kitchen
private office spaces
flex room
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
Elizabeth Swanson
(254) 595-0810
Source:
Exprealty
Added: Mar 6
Changed: Oct 6
Last Checked: Oct 20 at 8:48PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This historic commercial building offers a central hall layout with a large-format space designed to support a variety of uses. Interior features include a full kitchen, two private office spaces, and a spacious flex room that can serve as a conference room, classroom, studio, or additional workspace. The property also includes a private courtyard and designated parking spaces, with additional street parking available for added convenience.
Situated directly across from Len Roberts Park, the building benefits from a park-side setting and visibility from its central location.
An unfinished apartment upstairs provides live-work or income potential, with mountain views from the space. Buyer to verify zoning/permits.
Situated directly across from Len Roberts Park, the building benefits from a park-side setting and visibility from its central location.
An unfinished apartment upstairs provides live-work or income potential, with mountain views from the space. Buyer to verify zoning/permits.
Key Highlights
- Historic commercial building in Sierra Vista with a spacious central hall and large flexible interior layout
- Full kitchen plus two private office spaces and a flexible room suited to conference, classroom, studio, or extra workspace
- Private courtyard provides an outdoor area for employee breaks, client gatherings, or future customization
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,369
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,380
$487.4K
Cap Rate 7%
$348,129
$348.1K
Cap Rate 9%
$270,767
$270.8K
Market Conditions
NOI Build-Up for 3,188 SF
Gross rent
$40.2K $12.60/SF
− Vacancy
−$7.7K −$2.41/SF
EGI
$32.5K $10.19/SF
− OpEx
−$8.1K −$2.55/SF
NOI
$24.4K $7.64/SF
Area
Cochise County, AZ
Vacancy
19.11%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,380
Cap Rate 7%
$348,129
Cap Rate 9%
$270,767
Alternative Uses
Best Use
Office B
$348.1K
$304.6K – $406.2K
NOI $24,369 @ 7.0% cap · market cap 8.55%
Second Best
Mixed Use
$285.6K
$249.9K – $333.2K
NOI $19,989 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$472.4K
$413.4K – $551.1K
NOI $33,068 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
Explore this area
Business Placement
Demographics for 85635, AZ
35,095
Population
17,138
Households
2
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
515
Density / Sq Mi
$60,822
Median Household Income
$42,247
Median Earnings
$985
Median Rent
$218,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Historic commercial building with a large flexible interior, private courtyard, designated parking, and an unfinished upstairs apartment.
Where is this live-work space located?
The property is located at 233 N Canyon Dr Sierra Vista, AZ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Historic commercial building in Sierra Vista with a spacious central hall and large flexible interior layout; Full kitchen plus two private office spaces and a flexible room suited to conference, classroom, studio, or extra workspace; Private courtyard provides an outdoor area for employee breaks, client gatherings, or future customization
