Retail Storefront on One-Way
For Sale
$394,000
31 Subway Street, Bisbee, AZ 85603
For-sale storefront retail property with direct access from a one-way street in Cochise County.
Property Size2,603 SF
Price / SF$151.36
Days on Market754
Property Features for 31 Subway Street
General Information
Standard status
Active
Size
2,603 SF
Zoning
CM2
Taxes and HOA fees
Annual Taxes
$3,039
Amenities
Display Window(s)
Other
Electric, Ceiling
Parking Lot
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Eliza Adams Real Estate
(518) 755-3562
Listed By:
Elizabeth Adams · License #BR656010000
(518) 755-3562
Source:
Evrealestate
Added: Jul 24, 2024
Changed: Aug 10
Last Checked: Aug 15 at 3:36AM
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 Eliza Adams Real Estate
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is located at 31 Subway Street and totals 2,603 square feet. As a storefront space, it is suited for uses that benefit from street-level presence and walk-in accessibility.
The directions are straightforward: from Main Street, turn onto Subway Street, which is a one-way street, and the property is on the right. The property is in Cochise County, Bisbee, Arizona.
From an operator and buyer standpoint, the space is a practical option for retail tenants or owner-users looking for a dedicated storefront rather than a large-box format. The layout size can support a range of neighborhood-oriented retail concepts, with the primary consideration being alignment between the business’s merchandising needs and the existing storefront configuration. Interested parties should verify all operational requirements and any specifics tied to their intended use during due diligence.
The directions are straightforward: from Main Street, turn onto Subway Street, which is a one-way street, and the property is on the right. The property is in Cochise County, Bisbee, Arizona.
From an operator and buyer standpoint, the space is a practical option for retail tenants or owner-users looking for a dedicated storefront rather than a large-box format. The layout size can support a range of neighborhood-oriented retail concepts, with the primary consideration being alignment between the business’s merchandising needs and the existing storefront configuration. Interested parties should verify all operational requirements and any specifics tied to their intended use during due diligence.
Key Highlights
- Retail storefront property in Cochise County with direct access from a one‑way street
- Parking available in a parking lot
- Electric heating with ceiling features
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
$16,802
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
4.26%
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%
$336,040
$336.0K
Cap Rate 7%
$240,029
$240.0K
Cap Rate 9%
$186,689
$186.7K
Market Conditions
NOI Build-Up for 2,603 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
$29.7K $11.40/SF
− Vacancy
−$5.7K −$2.18/SF
EGI
$24.0K $9.22/SF
− OpEx
−$7.2K −$2.77/SF
NOI
$16.8K $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 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%
$336,040
Cap Rate 7%
$240,029
Cap Rate 9%
$186,689
Alternative Uses
Best Use
Retail
$240.0K
$210.0K – $280.0K
NOI $16,802 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale storefront retail property with direct access from a one-way street in Cochise County.
Where is this storefront property located?
The property is located at 31 Subway Street Bisbee, AZ.
What is the asking price?
The asking price for this property is $394,000.
What are key features of this property?
This property features: Retail storefront property in Cochise County with direct access from a one‑way street; Parking available in a parking lot; Electric heating with ceiling features
