Multi-Tenant Office/Retail Building For
For Sale
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936 F Ave, Douglas, AZ 85607
Multi-tenant office/retail building in Douglas, Arizona, 100% occupied.
Property Size6,200 SF
Price / SF$75
Days on Market1001
Property Features for 936 F Ave
General Information
Standard status
Active
Size
6,200 SF
Total Parking Spaces
12
Property subtype
Retail
Net Operating Income
$44,154
Building Details
Year Built
1901
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Salt Lake City
Listed By:
Jack Cornell · License #UT 9518385-SA00
(801) 410-1621
Source:
Crexi
Added: Dec 12, 2023
Changed: Sep 2
Last Checked: Sep 8 at 8:48AM
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 SRS Real Estate Partners Salt Lake City
Investment Insights
Based on property information with market context.
This multi-tenant office/retail building is located in Douglas, Arizona. The property is 100% occupied by Southeastern Arizona Behavioral Health Services and Lutheran Social Services of the Southwest. The building is divided into two suites, each with an independent entrance. The property includes an owned parking lot and significant street frontage on F Avenue. The USPS office in downtown Douglas is located across the street, increasing customer traffic to the area. The building offers an opportunity to acquire the fee simple interest (land & building ownership). The property size is 6200 square feet.
Key Highlights
- 100% Occupancy: Providing immediate income.
- Stable Tenants: Leased to Southeastern Arizona Behavioral Health Services and Lutheran Social Services of the Southwest.
- Fee Simple Interest: Acquisition includes full ownership of the land and building.
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
$40,021
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
8.61%
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%
$800,420
$800.4K
Cap Rate 7%
$571,729
$571.7K
Cap Rate 9%
$444,678
$444.7K
Market Conditions
NOI Build-Up for 6,200 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
$70.7K $11.40/SF
− Vacancy
−$13.5K −$2.18/SF
EGI
$57.2K $9.22/SF
− OpEx
−$17.2K −$2.77/SF
NOI
$40.0K $6.46/SF
Area
Cochise County, AZ
Vacancy
19.11%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
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%
$800,420
Cap Rate 7%
$571,729
Cap Rate 9%
$444,678
Alternative Uses
Best Use
Retail
$571.7K
$500.3K – $667.0K
NOI $40,021 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$918.7K
$803.9K – $1.07M
NOI $64,310 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
73k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 41%
Apparel 4%
Hotels & Casinos 3%
Circle K
Shops & Services
26,371 visits/mo
0.3 miles
McDonald's
Dining
21,916 visits/mo
0.5 miles
Conoco
Shops & Services
6,285 visits/mo
0.5 miles
Pizza Hut
Dining
5,337 visits/mo
0.5 miles
Melrose
Apparel
2,627 visits/mo
0.1 miles
Demographics for 85607, AZ
17,738
Population
6,811
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
78%
High-School Grad
778.4 sq mi
ZIP Area
23
Density / Sq Mi
$40,576
Median Household Income
$27,474
Median Earnings
$750
Median Rent
$134,000
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?
Retail space - Multi-tenant office/retail building in Douglas, Arizona, 100% occupied.
Where is this retail space located?
The property is located at 936 F Ave Douglas, AZ.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 100% Occupancy: Providing immediate income.; Stable Tenants: Leased to Southeastern Arizona Behavioral Health Services and Lutheran Social Services of the Southwest.; Fee Simple Interest: Acquisition includes full ownership of the land and building.
