Restaurant Property with Event
For Sale
$2,000,000
4711 S HIGHWAY 92, Sierra Vista, AZ 85650
Multi-use hospitality property with indoor and outdoor gathering areas, a pool, Jacuzzi, and attached fixtures.
Property Size11,021 SF
Price / SF$181.47
Days on Market8
Property Features for 4711 S HIGHWAY 92
General Information
Standard status
Active
Size
11,021 SF
Property subtype
Commercial/Industrial
Additional Details
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$13,352
Building Details
Year Built
1979
Listing Agency:
Long Realty Company
(520) 220-7656
Listed By:
Michelle Hagele · License #SA666351000
(520) 220-7656
Source:
Exitrealty
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 10 at 5:15AM
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 Long Realty Company
Investment Insights
Based on property information with market context.
This conventional restaurant property combines three named components: Urbano Bar & Bistro, The Onyx Ground Venue, and The Bird House, a short-term rental that accommodates up to 10 guests. The 11,021-square-foot property includes attached fixtures, multiple indoor and outdoor gathering areas, a pool, Jacuzzi, and abundant parking. Built in 1979, the asset supports restaurant, event, and short-term lodging uses within one property.
The property is located at 4711 S Highway 92 in Sierra Vista, Arizona. The book of business and inventory may be acquired through a separate bill of sale, while Class 7 and Class 12 liquor licenses are offered separately.
The property is located at 4711 S Highway 92 in Sierra Vista, Arizona. The book of business and inventory may be acquired through a separate bill of sale, while Class 7 and Class 12 liquor licenses are offered separately.
Key Highlights
- 11,021‑square‑foot conventional restaurant property
- Three components: Urbano Bar & Bistro, The Onyx Ground Venue, and The Bird House
- The Bird House short‑term rental accommodates up to 10 guests
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
$114,315
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
5.72%
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%
$2,286,300
$2.3M
Cap Rate 7%
$1,633,071
$1.6M
Cap Rate 9%
$1,270,167
$1.3M
Market Conditions
NOI Build-Up for 11,021 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
$165.3K $15.00/SF
− Vacancy
−$12.9K −$1.17/SF
EGI
$152.4K $13.83/SF
− OpEx
−$38.1K −$3.46/SF
NOI
$114.3K $10.37/SF
Area
Cochise County, AZ
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,286,300
Cap Rate 7%
$1,633,071
Cap Rate 9%
$1,270,167
Alternative Uses
Best Use
Specialty Retail
$1.63M
$1.43M – $1.91M
NOI $114,315 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$748.1K
$654.6K – $872.8K
NOI $52,366 @ 7.0% cap · market cap 2.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85650, AZ
14,857
Population
6,639
Households
2.2
Avg Household Size
52
Median Age
39%
College-Educated
95%
High-School Grad
41.3 sq mi
ZIP Area
360
Density / Sq Mi
$84,819
Median Household Income
$55,736
Median Earnings
$1,309
Median Rent
$306,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-use hospitality property with indoor and outdoor gathering areas, a pool, Jacuzzi, and attached fixtures.
Where is this conventional restaurant located?
The property is located at 4711 S HIGHWAY 92 Sierra Vista, AZ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 11,021‑square‑foot conventional restaurant property; Three components: Urbano Bar & Bistro, The Onyx Ground Venue, and The Bird House; The Bird House short‑term rental accommodates up to 10 guests
