Two-Story Retail
For Sale
$450,000
234 E 4th St, Benson, AZ 85602
Interior space is arranged across two levels along Benson’s main street, with public parking directly across the street.
Property Size5,065 SF
Price / SF$88.85
Days on Market8
Property Features for 234 E 4th St
General Information
Standard status
Active
Size
5,065 SF
Property subtype
Commercial
Building Details
Year Built
1983
Buildings
1
Stories
2
Listing Agency:
Hartmann Commercial Real Estate LLC
Listed By:
Michael J Parisi
(520) 332-6000
Source:
Tucsonhomeseeker
Added: Oct 3
Changed: Oct 10
Last Checked: Oct 10 at 2:36AM
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 Hartmann Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This retail property contains 5,000 SF of usable interior space, divided evenly between two floors. Built in 1983, the building offers a two-level configuration for retail occupancy.
Situated on Benson’s main street within the city’s business district, the property has public parking across the street. The location is on a route traveled by people heading to St. David, Tombstone, and Bisbee.
Situated on Benson’s main street within the city’s business district, the property has public parking across the street. The location is on a route traveled by people heading to St. David, Tombstone, and Bisbee.
Key Highlights
- 5,000 SF of usable interior space across two floors, with 2,500 SF per floor
- Built in 1983
- Public parking is available across the street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,695
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,900
$653.9K
Cap Rate 7%
$467,071
$467.1K
Cap Rate 9%
$363,278
$363.3K
Market Conditions
NOI Build-Up for 5,065 SF
Gross rent
$57.7K $11.40/SF
− Vacancy
−$11.0K −$2.18/SF
EGI
$46.7K $9.22/SF
− OpEx
−$14.0K −$2.77/SF
NOI
$32.7K $6.46/SF
Area
Cochise County, AZ
Vacancy
19.11%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,900
Cap Rate 7%
$467,071
Cap Rate 9%
$363,278
Alternative Uses
Best Use
Retail
$467.1K
$408.7K – $544.9K
NOI $32,695 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$750.5K
$656.7K – $875.6K
NOI $52,537 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
18,394 visits/mo
0.1 miles
Circle K
Shops & Services
7,705 visits/mo
0.1 miles
Dollar General
Shops & Services
4,591 visits/mo
0.5 miles
Demographics for 85602, AZ
10,198
Population
5,386
Households
1.9
Avg Household Size
54
Median Age
26%
College-Educated
91%
High-School Grad
847.5 sq mi
ZIP Area
12
Density / Sq Mi
$53,725
Median Household Income
$32,471
Median Earnings
$760
Median Rent
$195,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Interior space is arranged across two levels along Benson’s main street, with public parking directly across the street.
Where is this retail space located?
The property is located at 234 E 4th St Benson, AZ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5,000 SF of usable interior space across two floors, with 2,500 SF per floor; Built in 1983; Public parking is available across the street
