Office Units with Loading
For Sale
$299,000
954 W Hwy 92, Bisbee, AZ 85603
Divided office layout includes a conference room, kitchen, private parking, and rear loading access.
Property Size3,200 SF
Price / SF$93.44
Days on Market625
Property Features for 954 W Hwy 92
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1968
Buildings
1
Construction
block
Listing Agency:
Tierra Antigua Realty, LLC
(520) 720-7376
Listed By:
Kimberly Ewing · License #SA657293000
Source:
Searchphoenixhousesforsale
Added: Dec 11, 2024
Changed: Aug 28
Last Checked: Aug 25 at 7:46AM
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 3,200-square-foot block office building was constructed in 1968 and is arranged with multiple private rooms, a large conference room, three toilet rooms, and a kitchen. A rear storage area with oversized double doors supports loading and unloading. The property also features updated electrical service, newer front windows, refreshed interior finishes, exterior paint, and evaporative cooling.
The building has frontage along Highway 92 and Naco Highway, with private parking and convenient access. Its existing office configuration provides a functional commercial setting, while the storage and loading area add flexibility for operations requiring receiving or back-of-house space.
The building has frontage along Highway 92 and Naco Highway, with private parking and convenient access. Its existing office configuration provides a functional commercial setting, while the storage and loading area add flexibility for operations requiring receiving or back-of-house space.
Key Highlights
- 3,200‑square‑foot block building constructed in 1968
- Frontage along Highway 92 and Naco Highway
- Office layout with divided rooms and a large conference room
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
$24,461
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
8.18%
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%
$489,220
$489.2K
Cap Rate 7%
$349,443
$349.4K
Cap Rate 9%
$271,789
$271.8K
Market Conditions
NOI Build-Up for 3,200 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
$40.3K $12.60/SF
− Vacancy
−$7.7K −$2.41/SF
EGI
$32.6K $10.19/SF
− OpEx
−$8.2K −$2.55/SF
NOI
$24.5K $7.64/SF
Area
Cochise County, AZ
Vacancy
19.11%
Lease Rate
$12.60 /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%
$489,220
Cap Rate 7%
$349,443
Cap Rate 9%
$271,789
Alternative Uses
Best Use
Office B
$349.4K
$305.8K – $407.7K
NOI $24,461 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$474.2K
$414.9K – $553.2K
NOI $33,192 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 85603, AZ
6,342
Population
4,183
Households
1.5
Avg Household Size
55
Median Age
30%
College-Educated
90%
High-School Grad
227.6 sq mi
ZIP Area
28
Density / Sq Mi
$46,509
Median Household Income
$27,690
Median Earnings
$835
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Divided office layout includes a conference room, kitchen, private parking, and rear loading access.
Where is this office units located?
The property is located at 954 W Hwy 92 Bisbee, AZ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3,200‑square‑foot block building constructed in 1968; Frontage along Highway 92 and Naco Highway; Office layout with divided rooms and a large conference room
