Building Details

Year Built 1995

Added: Aug 20 Changed: Oct 16

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,559

Cap Rate

3.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$491,180 $491.2K

Cap Rate 7%

$350,843 $350.8K

Cap Rate 9%

$272,878 $272.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,700 SF

Gross rent

$42.9K $9.12/SF

− Vacancy

−$7.8K −$1.66/SF

EGI

$35.1K $7.46/SF

− OpEx

−$10.5K −$2.24/SF

NOI

$24.6K $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 Rate 5%

$491,180

Cap Rate 7%

$350,843

Cap Rate 9%

$272,878

Alternative Uses

Best Use

Multifamily LT 5

$350.8K

$307.0K – $409.3K (±1% cap)

NOI $24,559 @ 7.0% cap · market cap 3.51%

Second Best

Apartment 5plus

$319.0K

$279.2K – $372.2K (±1% cap)

NOI $22,332 @ 7.0% cap · market cap 3.19%

Theoretical Best

Specialty Retail

$696.4K

$609.4K – $812.5K (±1% cap)

NOI $48,751 @ 7.0% cap · market cap 6.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 85617, AZ

1,086

Population

718

Households

1.5

Avg Household Size

57

Median Age

22%

College-Educated

87%

High-School Grad

224.6 sq mi

ZIP Area

5

Density / Sq Mi

$47,837

Median Household Income

$37,283

Median Earnings

$567

Median Rent

$121,900

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Ranch-style property with a second conditioned building suited to conversion into guest quarters, an apartment, or a duplex.

Where is this duplex located?

The property is located at 4823 W Tumbleweed Ln McNeal, AZ.

What is the asking price?

The asking price for this property is $699,000.