Tombstone Restaurant & Bar
For Sale
Contact for pricing
60 S 10th St, Tombstone, AZ 85638
Iconic Tombstone restaurant and bar for sale in Arizona.
Property Size6,654 SF
Price / SF$150.07
Days on Market140
Property Features for 60 S 10th St
General Information
Standard status
Active
Size
6,654 SF
Class
A
Property subtype
Retail
Occupancy
50%
Investment Type
Stabilized
Building Details
Year Built
2003
Buildings
2
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Realty Executives Arizona Territory
(520) 585-0885
Listed By:
Nina Marvcesim · License #SA508805000
Source:
Crexi
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 11 at 6:29PM
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 Realty Executives Arizona Territory
Investment Insights
Based on property information with market context.
Located at 60 S 10th St in Tombstone, Arizona, this property presents a rare opportunity to own a piece of the Old West. The offering includes Johnny Ringo's Bar & Restaurant and The Depot Steakhouse, two established venues situated steps from Allen Street in a high-demand tourist destination. The turnkey restaurant and bar setup includes all FF&E (furniture, fixtures, and equipment) for immediate operation. The property, with a size of 6654 square feet, benefits from steady year-round foot traffic and features both indoor and outdoor seating areas. It offers full bar service and strong revenue potential. This is a chance to own a piece of Tombstone history while operating a proven hospitality concept.
Key Highlights
- Turnkey restaurant and bar operation ready for immediate operation.
- Located in Tombstone, AZ, a top Arizona tourist destination.
- Includes two established venues: Johnny Ringo's Bar & Restaurant and The Depot Steakhouse.
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
$69,019
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
6.91%
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%
$1,380,380
$1.4M
Cap Rate 7%
$985,986
$986.0K
Cap Rate 9%
$766,878
$766.9K
Market Conditions
NOI Build-Up for 6,654 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
$99.8K $15.00/SF
− Vacancy
−$7.8K −$1.17/SF
EGI
$92.0K $13.83/SF
− OpEx
−$23.0K −$3.46/SF
NOI
$69.0K $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%
$1,380,380
Cap Rate 7%
$985,986
Cap Rate 9%
$766,878
Alternative Uses
Best Use
Specialty Retail
$986.0K
$862.7K – $1.15M
NOI $69,019 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85638, AZ
1,886
Population
1,127
Households
1.7
Avg Household Size
61
Median Age
18%
College-Educated
93%
High-School Grad
270.0 sq mi
ZIP Area
7
Density / Sq Mi
$56,172
Median Household Income
$37,891
Median Earnings
$779
Median Rent
$170,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Iconic Tombstone restaurant and bar for sale in Arizona.
Where is this bar & pub located?
The property is located at 60 S 10th St Tombstone, AZ.
What is the asking price?
The asking price for this property is $998,570.
What are key features of this property?
This property features: Turnkey restaurant and bar operation ready for immediate operation.; Located in Tombstone, AZ, a top Arizona tourist destination.; Includes two established venues: Johnny Ringo's Bar & Restaurant and The Depot Steakhouse.
