Mixed-Use Property in Bisbee,
For Sale
$325,000
B-203 Bisbee Rd, Bisbee, AZ 85603
Mixed-use property with living, workshop, and warehouse spaces.
Property Size5,662 SF
Price / SF$57.40
Days on Market219
Property Features for B-203 Bisbee Rd
General Information
Standard status
Active
Size
5,662 SF
Taxes and HOA fees
Annual Taxes
$1,027
Listing Agency:
Arizona 360 Realty
Listed By:
Murray Kennedy · License #BR539075000
(602) 615-5649
Source:
Exprealty
Added: Mar 19
Changed: Oct 7
Last Checked: Oct 23 at 7:05AM
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
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Investment Insights
Based on property information with market context.
This mixed-use property features over 2200 square feet of living space on the second level, complemented by over 2200 square feet of workshop space and over 100 square feet of warehouse space on the street level. The residential area includes two bedrooms, two bathrooms, a kitchen, several living areas, and a loft space. The property is located in Bisbee, Arizona and has a total property size of 5662 square feet.
Key Highlights
- Over 2200 sq ft of living space.
- Mix use, commercial & residential property.
- Over 2200 sq ft of workshop space on street level.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,668
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,360
$553.4K
Cap Rate 7%
$395,257
$395.3K
Cap Rate 9%
$307,422
$307.4K
Market Conditions
NOI Build-Up for 5,662 SF
Gross rent
$44.2K $7.80/SF
− Vacancy
−$4.6K −$0.82/SF
EGI
$39.5K $6.98/SF
− OpEx
−$11.9K −$2.09/SF
NOI
$27.7K $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%
$553,360
Cap Rate 7%
$395,257
Cap Rate 9%
$307,422
Alternative Uses
Best Use
Mixed Use
$507.2K
$443.8K – $591.7K
NOI $35,501 @ 7.0% cap · market cap 10.92%
Second Best
Warehouse
$461.4K
$403.7K – $538.3K
NOI $32,297 @ 7.0% cap · market cap 9.94%
Theoretical Best
Specialty Retail
$839.0K
$734.1K – $978.8K
NOI $58,729 @ 7.0% cap · market cap 18.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with living, workshop, and warehouse spaces.
Where is this mixed-use property located?
The property is located at B-203 Bisbee Rd Bisbee, AZ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Over 2200 sq ft of living space.; Mix use, commercial & residential property.; Over 2200 sq ft of workshop space on street level.
