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    1 Cochise Row Bisbee, AZ 85603

    For Sale
    $3,800,000

    High-yield flex warehouse, 84 units

    Property size:
    183,823 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Bisbee, Arizona investment opportunity presents a 183,823-square-foot industrial and mixed-use property, encompassing three single-story buildings on a 7.04-acre lot. The property features 56,850 square feet of net rentable space, currently 95% occupied, divided into 78 storage units (20,510 sq ft) and six industrial units (36,340 sq ft). A 1,158-square-foot manager's residence is also included. Renovated in 2006, the property boasts a current NOI of $79,916 and a pro-forma NOI of $460,254, reflecting a significant upside potential. The asking price is $3,800,000, representing a price per square foot of $20.67 and a price per unit of $45,238.10. The property is zoned for warehouse and commercial use, offering room for future expansion. Located at 1 Cochise Row, 85603, the property benefits from its proximity to Copper Queen Community Hospital, Bisbee Senior High School, and residential areas. Current rents are significantly below market rates, presenting a compelling value-add opportunity with substantial potential for rent increases. The property's strong occupancy and below replacement cost pricing make it an attractive investment. Built in 1960, this asset offers a compelling blend of established income and future growth potential. The property's location in Bisbee, Arizona, provides access to a strong demand for industrial and mini-storage space.

    Property Features for 1 Cochise Row

    General Information

    Property type
    Self storage facilities
    Square Feet
    183,823 SF
    Lot Size
    306,662 SF

    Building Details

    Year Built/Renovated
    1960/2006
    Buildings
    3
    Stories
    1
    Units
    84

    HighLights

    • Exceptional Bisbee, AZ investment opportunity: 183,823 SF industrial/mixed‑use property on 7.04 acres.
    • Priced below replacement cost at $3,800,000 ($20.67/SF).
    • 95% occupancy with 78 storage units (20,510 SF) and 6 industrial units (36,340 SF).
    • Recently renovated (2006) with significant upside potential; current NOI $79,916, pro‑forma NOI $460,254.
    • Strong demand for storage and multi‑tenant industrial space in Bisbee, AZ; rents significantly below market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bisbee
    County
    Cochise
    State
    Arizona
    Longitude
    -109.8872368169
    Latitude
    31.419199958369

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    FAQs

    What type of property is this?
    Self storage facility - High-yield flex warehouse, 84 units
    Where is this self storage facility located?
    The property is located at 1 Cochise Row Bisbee, AZ.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: Exceptional Bisbee, AZ investment opportunity: 183,823 SF industrial/mixed-use property on 7.04 acres.; Priced below replacement cost at $3,800,000 ($20.67/SF).; 95% occupancy with 78 storage units (20,510 SF) and 6 industrial units (36,340 SF).
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1 Cochise Row Bisbee, AZ 85603
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