Mixed-Use Building with Garage
For Sale
$305,000
A-203 Bisbee Rd, Bisbee, AZ 85603
Flexible commercial building with retail history, a wide garage door, and separate restroom facilities.
Property Size4,864 SF
Price / SF$62.71
Days on Market171
Property Features for A-203 Bisbee Rd
General Information
Standard status
Active
Size
4,864 SF
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$3,744
Building Details
Buildings
1
Building Size
4,864 SF
Listing Agency:
Arizona 360 Realty
(602) 615-5649
Listed By:
Murray Kennedy · License #BR539075000
(602) 615-5649
Source:
Exprealty
Added: Mar 14
Changed: Aug 30
Last Checked: Aug 30 at 8:53PM
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 Arizona 360 Realty
Investment Insights
Based on property information with market context.
This 4,864-square-foot mixed-use building was most recently operated as a retail store and includes features suited to varied commercial layouts. A 20-foot-wide garage door provides access to the central portion of the building. The property also has a public restroom for shared areas and a separate full bathroom serving the rear section. Heating and air conditioning, along with a hot water heater, are in place.
The rear area can accommodate a two-bedroom apartment configuration, providing an additional use option within the building. Located at A-203 Bisbee Rd in Bisbee, Arizona, the property combines retail history, broad interior usability, garage access, and separate bathroom facilities.
The rear area can accommodate a two-bedroom apartment configuration, providing an additional use option within the building. Located at A-203 Bisbee Rd in Bisbee, Arizona, the property combines retail history, broad interior usability, garage access, and separate bathroom facilities.
Key Highlights
- 4,864‑square‑foot mixed‑use building
- 20‑foot‑wide garage door serving the central area
- Rear section can be used as a two‑bedroom apartment
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
$23,769
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
7.79%
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%
$475,380
$475.4K
Cap Rate 7%
$339,557
$339.6K
Cap Rate 9%
$264,100
$264.1K
Market Conditions
NOI Build-Up for 4,864 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
$37.9K $7.80/SF
− Vacancy
−$4.0K −$0.82/SF
EGI
$34.0K $6.98/SF
− OpEx
−$10.2K −$2.09/SF
NOI
$23.8K $4.89/SF
Area
Cochise County, AZ
Vacancy
10.50%
Lease Rate
$7.80 /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%
$475,380
Cap Rate 7%
$339,557
Cap Rate 9%
$264,100
Alternative Uses
Best Use
Flex RnD
$524.6K
$459.1K – $612.1K
NOI $36,725 @ 7.0% cap · market cap 12.04%
Second Best
Retail
$448.5K
$392.5K – $523.3K
NOI $31,397 @ 7.0% cap · market cap 10.29%
Theoretical Best
Specialty Retail
$720.7K
$630.7K – $840.9K
NOI $50,452 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
179
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with retail history, a wide garage door, and separate restroom facilities.
Where is this mixed-use property located?
The property is located at A-203 Bisbee Rd Bisbee, AZ.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 4,864‑square‑foot mixed‑use building; 20‑foot‑wide garage door serving the central area; Rear section can be used as a two‑bedroom apartment
