Rebuilt Restaurant with Banquet
For Sale
$1,250,000
7196 S HIGHWAY 92, Hereford, AZ 85615
Completely rebuilt in 2012 with an extensive kitchen, bar area, banquet room, and ample seating.
Property Size5,608 SF
Price / SF$222.90
Days on Market86
Property Features for 7196 S HIGHWAY 92
General Information
Standard status
Active
Size
5,608 SF
Property subtype
Commercial/Industrial
Additional Details
Business Included
Yes
Highway Access
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$14,500
Building Details
Year Built
2012
Year Renovated
2012
Listing Agency:
Tierra Antigua Realty, LLC
(520) 439-8888
Listed By:
Debby Coste · License #SA565883000
(520) 249-6562
Source:
Exitrealty
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 4 at 7:07AM
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 Tierra Antigua Realty, LLC
Investment Insights
Based on property information with market context.
This restaurant property was completely rebuilt in 2012 and is designed for full-service dining, with an extensive kitchen, bar area, banquet room, and ample seating. The sale also includes a Class 12 liquor license.
The location is described as having high visibility on the main highway and being situated at the foot of the mountains. The listing includes five parcels: 104-06-002E/104-06-002C/104-06-007/104-06-017/104-06-002A.
Overall, the building layout supports both everyday dining and larger group gatherings through the dedicated banquet room, supported by the on-site kitchen and bar area.
The location is described as having high visibility on the main highway and being situated at the foot of the mountains. The listing includes five parcels: 104-06-002E/104-06-002C/104-06-007/104-06-017/104-06-002A.
Overall, the building layout supports both everyday dining and larger group gatherings through the dedicated banquet room, supported by the on-site kitchen and bar area.
Key Highlights
- Year built 2012; completely rebuilt in 2012
- Includes an extensive kitchen, bar area, banquet room, and ample seating
- Class 12 liquor license included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,169
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,380
$1.2M
Cap Rate 7%
$830,986
$831.0K
Cap Rate 9%
$646,322
$646.3K
Market Conditions
NOI Build-Up for 5,608 SF
Gross rent
$84.1K $15.00/SF
− Vacancy
−$6.6K −$1.17/SF
EGI
$77.6K $13.83/SF
− OpEx
−$19.4K −$3.46/SF
NOI
$58.2K $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 Rate 5%
$1,163,380
Cap Rate 7%
$830,986
Cap Rate 9%
$646,322
Alternative Uses
Best Use
Specialty Retail
$831.0K
$727.1K – $969.5K
NOI $58,169 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$391.5K
$342.6K – $456.8K
NOI $27,405 @ 7.0% cap · market cap 2.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,019 visits/mo
0.0 miles
Demographics for 85615, AZ
9,073
Population
4,294
Households
2.1
Avg Household Size
53
Median Age
36%
College-Educated
95%
High-School Grad
185.3 sq mi
ZIP Area
49
Density / Sq Mi
$76,196
Median Household Income
$50,838
Median Earnings
$888
Median Rent
$247,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Completely rebuilt in 2012 with an extensive kitchen, bar area, banquet room, and ample seating.
Where is this conventional restaurant located?
The property is located at 7196 S HIGHWAY 92 Hereford, AZ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Year built 2012; completely rebuilt in 2012; Includes an extensive kitchen, bar area, banquet room, and ample seating; Class 12 liquor license included in the sale
