Building Details

Buildings 1

Building Size 4,864 SF

Listing Agency: Arizona 360 Realty

Listed By: Murray Kennedy · License #BR539075000 Show Phone

Source: Exprealty

Added: Mar 14 Changed: Oct 15 Last Checked: Oct 15 at 4:11AM

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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.

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 / Yr

$23,769

Cap Rate

7.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$475,380 $475.4K

Cap Rate 7%

$339,557 $339.6K

Cap Rate 9%

$264,100 $264.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,864 SF

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 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 (±1% cap)

NOI $36,725 @ 7.0% cap · market cap 12.04%

Second Best

Retail

$448.5K

$392.5K – $523.3K (±1% cap)

NOI $31,397 @ 7.0% cap · market cap 10.29%

Theoretical Best

Specialty Retail

$720.7K

$630.7K – $840.9K (±1% cap)

NOI $50,452 @ 7.0% cap · market cap 16.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Law Firm Pharmacy Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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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