3695 Foothills DrSierra Vista, AZ 85635

Property Details for 3695 Foothills Dr

Year built

1967

Construction

CONCRETE

Lot size

0.99 AC

Property size (Sq ft)

4,318 SF

Property type

Office properties

Property subtype

Office buildings

APN

105-05-004

APU

10505004

Description

This exceptional value-add investment opportunity presents a three-building office complex totaling 10,107 square feet situated on a highly desirable 43,168-square-foot lot in Sierra Vista, Arizona. The property, located at the prominent northeast corner of Highway 92 and Foothills Drive, benefits from significant visibility and high traffic counts due to its strategic placement on a signalized intersection. Built in 1967, with renovations completed in 1985, the complex comprises three single-story buildings featuring ten individual office suites ranging from 650 to 1,950 square feet, currently boasting 77% occupancy. The ample parking area provides 58 concrete spaces, ensuring convenient access for tenants and visitors. The property enjoys convenient ingress and egress onto Highway 92 and Foothills Drive. The asking price is $1,200,000, representing a price per square foot of $118.73 and a pro-forma cap rate of 7.24%, with a pro-forma NOI of $86,831. The property is zoned GC and offers significant potential for future growth and development. This prime location and substantial lot size make this a compelling investment opportunity in a thriving market. The property's location at the "going home" corner of a major arterial intersection ensures high visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $427,845

  6.5%

  $394,934

  7%

  $366,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $718,515

  Geo Method

  $718,515

• Alternative Use

  Use

  Valuation

  Residential

  $489,718

  Hospitality

  $448,579

  Educational

  $373,212

  Medical

  $386,048

  Retail

  $580,552

Location Insight

City

Sierra Vista

County

Cochise

State

Arizona

Latitude

31.5457

Longitude

-110.258

CBSA code

43420

CBSA name

SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].