Duplex Requiring
New
For Sale
$79,000
343 S Bowie Ave, Willcox, AZ 85643
Vacant duplex near schools and shopping, with unfinished areas requiring additional work.
Property Size1,248 SF
Price / SF$63.30
Days on Market6
Property Features for 343 S Bowie Ave
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
in need of repairs
Additional Details
Multifamily Units
2
Building Details
Year Built
1962
Listing Agency:
DiPeso Realty
Listed By:
Rey Martinez · License #SA625849000
(520) 507-2779
Source:
Tucsonhomeseeker
Added: Sep 7
Changed: Sep 12
Last Checked: Sep 12 at 9:57AM
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 DiPeso Realty
Investment Insights
Based on property information with market context.
This 1,248-square-foot duplex was built in 1962 and is currently vacant. The property is partially finished and requires repairs before occupancy or further use.
Located near schools and shopping in Willcox, the two-unit configuration provides a residential income property format with existing improvement work still to be completed.
Located near schools and shopping in Willcox, the two-unit configuration provides a residential income property format with existing improvement work still to be completed.
Key Highlights
- Duplex configuration with 1,248 square feet
- Built in 1962
- Currently vacant
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
$6,521
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
8.25%
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%
$130,420
$130.4K
Cap Rate 7%
$93,157
$93.2K
Cap Rate 9%
$72,456
$72.5K
Market Conditions
NOI Build-Up for 1,248 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
$11.4K $9.12/SF
− Vacancy
−$2.1K −$1.66/SF
EGI
$9.3K $7.46/SF
− OpEx
−$2.8K −$2.24/SF
NOI
$6.5K $5.23/SF
Area
Cochise County, AZ
Vacancy
18.15%
Lease Rate
$9.12 /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%
$130,420
Cap Rate 7%
$93,157
Cap Rate 9%
$72,456
Alternative Uses
Best Use
Multifamily LT 5
$93.2K
$81.5K – $108.7K
NOI $6,521 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$84.7K
$74.1K – $98.8K
NOI $5,930 @ 7.0% cap · market cap 7.51%
Theoretical Best
Specialty Retail
$184.9K
$161.8K – $215.8K
NOI $12,945 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 85643, AZ
8,208
Population
3,965
Households
2.1
Avg Household Size
41
Median Age
18%
College-Educated
83%
High-School Grad
2,206.7 sq mi
ZIP Area
4
Density / Sq Mi
$56,952
Median Household Income
$32,712
Median Earnings
$700
Median Rent
$161,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex near schools and shopping, with unfinished areas requiring additional work.
Where is this duplex located?
The property is located at 343 S Bowie Ave Willcox, AZ.
What is the asking price?
The asking price for this property is $79,000.
What are key features of this property?
This property features: Duplex configuration with 1,248 square feet; Built in 1962; Currently vacant
