Partially Finished
New
For Sale
$79,000
343 S BOWIE Avenue, Willcox, AZ 85643
Residential Income, Ranch, Willcox, AZ
Property Size1,248 SF
Lot Size0.13 Acres
Price / SF$63.30
Days on Market3
Property Features for 343 S BOWIE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Other - CALL
Parking
2
Subdivision
Other/Unknown
Lot features
Adjacent to Alley
Elementary school
Willcox
Middle school
Willcox
High school
Willcox
Elementary school district
Willcox
Middle school district
Willcox
High school district
Willcox
Directions
Exit 340 off Interstate 10 turn East onto Rex Allen Drive. Turn right onto Bisbee Avenue & proceed to Wasson Street and turn left. Proceed to Bowie Avenue and turn left, proceed to address on right side of the road.
Standard status
Active
APN
203-30-144
Size
1,248 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
M&A 1st Add Lot 5 Blk 5
Legal Description
M&A 1st Add Lot 5 Blk 5
Utilities
Water source
Public
Building Details
Year built
1962
Number of units
2
Flooring type
Tile - Ceramic, Concrete
Building materials
Frame - Stucco
Roof type
Metal
Architectural style
Ranch
Listing Agency:
DiPeso Realty
(520) 766-6779
Listed By:
Rey Martinez · License #SA625849000
(520) 507-2779
Added: Sep 9
Last Checked: Sep 11 at 8:06AM
MLS# 22621891
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ranch-style duplex contains 1,248 square feet on a 0.13-acre lot. The property is partially finished and requires repairs, with the building currently vacant. Frame-and-stucco construction, ceramic tile and concrete flooring, and a metal roof are among the existing improvements.
Built in 1962, the property has public water service and is located near schools and shopping in Willcox, Arizona. The zoning designation is listed as Other - CALL.
Built in 1962, the property has public water service and is located near schools and shopping in Willcox, Arizona. The zoning designation is listed as Other - CALL.
Key Highlights
- Duplex with 1,248 square feet of building area
- 0.13‑acre lot in Willcox, AZ
- Partially finished and currently vacant; repairs are needed
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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Open Analytics
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 ranch-style duplex with public water near schools and shopping in Willcox.
Where is this duplex located?
The property is located at 343 S BOWIE Avenue 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 with 1,248 square feet of building area; 0.13‑acre lot in Willcox, AZ; Partially finished and currently vacant; repairs are needed
