Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    117 Fremont St Tombstone, AZ 85638

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    117 Fremont St Tombstone, AZ 85638

    View on Map
    • Commercial real estate
    • 0.41 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 117 Fremont St

    Year built
    1963
    Lot size
    0.41 lot acres
    Property type
    Commercial real estate

    Description

    This unique investment opportunity presents the chance to own Ike's Mini Market, a thriving business located in the heart of historic Tombstone, Arizona. Situated on a 0.41-acre lot (lots 7-10) encompassing 117 E Fremont Street, this established mini market enjoys a prime location adjacent to a major RV park and just steps from bustling Allen Street. Its proximity to iconic landmarks like the OK Corral and Tombstone City Park ensures high foot traffic and visibility. The property benefits from city sewer and water connections, providing essential utilities. This turnkey operation offers immediate income potential and the chance to capitalize on the consistent tourist traffic drawn to Tombstone's rich history and unique atmosphere. The sale includes lots 7-10 only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tombstone
    County
    Cochise
    State
    Arizona
    Longitude
    -110.069
    Latitude
    31.7144

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      409 Toughnut St

      COMMERCIAL (GENERAL) • 0.14 Acres
      409 Toughnut St, Tombstone, AZ 85638
      View Details
    • Value Estimation by Request
      2,821 SF

      Hwy 82

      COMMERCIAL (GENERAL) • 2,821 SF
      Hwy 82, Tombstone, AZ 85638
      View Details
    • Value Estimation by Request
      0.13 Acres

      518 Fremont St

      Commercial real estate • 0.13 Acres
      518 Fremont St, Tombstone, AZ 85638
      View Details
    • Value Estimation by Request
      0.17 Acres

      410 Allen St

      COMMERCIAL (GENERAL) • 0.17 Acres
      410 Allen St, Tombstone, AZ 85638
      View Details
    • Value Estimation by Request
      0.52 Acres

      60 10 St

      Commercial real estate • 0.52 Acres
      60 10 St, Tombstone, AZ 85638
      View Details
    • Value Estimation by Request
      0.50 Acres

      24 Sumner St

      Commercial real estate • 0.50 Acres
      24 Sumner St, Tombstone, AZ 85638
      View Details

    Similar Nearby for Sale

    • $299,000
      0.50 Acres

      Tombstone Commercial Building - High Visibility

      Historic Tombstone, AZ - Prime Commercial Location
      24 Sumner St, Tombstone, AZ 85638
      View Details
    • $499,900

      Tombstone Mobile Home Park

      Income property near Tombstone attractions with city utilities.
      128 S 12 St, Tombstone, AZ 85638
      View Details
    • $84,900
      36.03 Acres

      Tombstone, AZ Land Parcel

      36.03 acres in a peaceful, rural area.
      2952 E Jones Blvd, Tombstone, AZ 85638
      View Details
    • $700,000

      Land for Sale

      Land available on Middlemarch Road.
      2383 N Middlemarch Rd, Tombstone, AZ 85638
      View Details
    • $275,000
      Pending

      Tombstone Zipline Adventure Attraction

      Unique zipline attraction in Tombstone, Arizona, ready for immediate operation.
      130 North 7 St, Tombstone, AZ 85638
      View Details
    • $465,000

      Multifamily Property in Tombstone, Arizona

      Multifamily property for sale in Tombstone, Arizona.
      19 West Fremont St, Tombstone, AZ 85638
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 Fremont St
    Tombstone, AZ 85638
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    117 Fremont St, Tombstone, AZ, 85638

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!