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Property profile & analytics

81 Main St Bisbee, AZ 85603

  • Retail space
  • 5,196 SF
  • 1.00 lot acres
For Sale
Last Sale
Mar 31, 2022
$480,000
Value Estimations
Cap Rate Potential
7.4%
Retail space
Location Intelligence
Property ID
US07-3382517
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 81 Main St

Year built
1900
Construction
CONCRETE
Lot size
1.00 lot acres
Property size
5,196 SF
Property type
Retail space
APN
103-62-002
APU
10362002

Description

This unique two-story commercial property at 81 Main Street, Unit 81, in the heart of historic downtown Bisbee, Arizona, presents a compelling investment opportunity. The building boasts a total of 5,200 square feet, with each floor encompassing 2,600 square feet. The ground floor is perfectly suited for retail or office space, offering excellent street-level visibility and accessibility. The second floor, with its impressive vaulted ceilings, abundant natural light from skylights, and beautiful hardwood flooring, provides a versatile space adaptable to various uses. Plumbing is already in place for a bathroom on the second floor, simplifying any future renovations. The property has been meticulously maintained and features recent upgrades to the electrical system and HVAC, ensuring efficient and comfortable operation. Potential buyers have the flexibility to purchase the building empty, allowing for complete customization to their specific needs and vision. Alternatively, the property is also available for purchase with existing consignments, providing an immediate customer base and the opportunity to collaborate with established local artists. The seller is committed to assisting buyers and offers support in securing an SBA loan, requiring only a 10% initial investment. This is a rare chance to own a piece of Bisbee's vibrant downtown, with the seller's assistance making the dream of owning this property a realistic possibility. The property sits on a 0.06-acre lot.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $455,000
    ML approach
    $465,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $560,000
    6.5%
    $515,000
    7%
    $480,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $622,000
    Market price range: $334k - $834k
    AI Estimate
    $685,000
    Market price range: $364k - $1.05M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $620,000
    Current use
    OFFICE BUILDING
    $685,000
    Change: +10% Conversion: Easy
    MEDICAL BUILDING
    $565,000
    Change: -9% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Bisbee
County
Cochise
State
Arizona
Longitude
-109.918
Latitude
31.4414
CBSA code
43420
CBSA name
SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,516
$4,094
$52,570
$56,664
-
$27,293
$350,464
$377,757
More about this property
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