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    Historic Bisbee Gem with Potential Title is generated by Realmo AI

    41 Main Street, Bisbee, AZ 85603

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    For Sale
    $450,000

    MULTI_FAMILY - Bisbee, AZ

    Property size:
    1,465 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $307/SF
    Added:
    May 20, 2026
    Days on Market:
    2
    Last Refresh:
    May 21 at 9:06 am

    Property Features for 41 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Bisbee - Call
    Parking
    2
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    103-62-183
    Size
    1,465 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Bisbee Lot 30 Blk 4

    Utilities

    Heating system
    Zoned, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Wall Unit(s)

    Building Details

    Year built
    1906
    Number of units
    3
    Flooring type
    Wood, Tile - Ceramic
    Building materials
    Brick, Frame
    Roof type
    Built-Up

    We can help!

    Listing Contact
    Denise Loth
    Denise Loth

    Listing agent Denise Loth License #SA642027000

    Listing office Tierra Antigua Realty 77 Calle Portal Suite C-140, Tucson, AZ

    Listing date May 20, 2026

    MLS# 22612972 Listing URL

    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.

    HighLights

    • Prime location in the Bisbee Historic District on Main Street with high visibility and foot traffic.
    • CM‑2 zoning allows for flexible mixed‑use possibilities: commercial, residential, live/work, short‑term rental.
    • Existing income stream from a street‑level commercial tenant and a fully furnished Airbnb unit upstairs.
    • Historic 1906 brick building with unique architectural details and timeless character.
    • Basement offers significant adaptive reuse potential for a speakeasy, studio, or additional living space.
    • Opportunity to own a piece of Bisbee history with substantial future upside in a tourism‑driven market.

    Overview

    Located in the Bisbee Historic District, a designated National Historic Landmark, this two-story brick building reflects Bisbee's mining-era heritage. The architecture features a recessed entry and arched second-story windows. Zoned CM-2, the property allows for commercial and residential uses, including live/work space, boutique lodging, artist lofts, gallery space, residential conversion, or mixed-use income production. The building offers approximately 733 sq. ft. per level, plus a basement. The street-level storefront is currently occupied, providing income with potential for rent increases or adaptive reuse. Positioned on Main Street, this space has visibility and foot traffic, suitable for retail, studio, cafe, gallery, office, or live/work concepts. The upstairs level is configured as a furnished Airbnb-style unit with Main Street views. It could also serve as a private residence, artist loft, or owner-occupied living quarters. The basement, with brick floors and historic character, is currently used for storage but offers adaptive reuse potential. It is ideal for a speakeasy, wine bar, art studio, workshop, boutique retail, or lounge. The property has multiple income streams, flexible CM-2 zoning, and residential potential. It is suitable as an investment property, boutique mixed-use project, live/work residence, or creative retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Bisbee
    County
    Cochise
    State
    Arizona
    Longitude
    -109.9164754
    Latitude
    31.4417868

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    FAQs

    What type of property is this?
    Mixed-use property - Historic mixed-use property in Bisbee's Historic District with income potential.
    Where is this mixed-use property located?
    The property is located at 41 Main Street Bisbee, 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: Prime location in the Bisbee Historic District on Main Street with high visibility and foot traffic.; CM‑2 zoning allows for flexible mixed‑use possibilities: commercial, residential, live/work, short‑term rental.; Existing income stream from a street‑level commercial tenant and a fully furnished Airbnb unit upstairs.
    (520) 366-2992
    We can help!
    Listing Contact
    Denise Loth
    Denise Loth
    Real Estate License ID: SA642027000
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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