Korean Restaurant
New
For Sale
$320,000
116 S San Francisco St, Flagstaff, AZ 86001
An established Korean dining business operates at a historic downtown Flagstaff address.
Property Size1,108 SF
Days on Market3
Property Features for 116 S San Francisco St
General Information
Standard status
Active
Size
1,108 SF
Property subtype
Other
Building Details
Building Size
1,108 SF
Units
1
Listing Agency:
da Vinci Realty
Listed By:
Mark T. Belsanti, CCIM · License #SA104226000
(928) 779-3800
Source:
Commercialcafe
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 5 at 3:29PM
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 da Vinci Realty
Investment Insights
Based on property information with market context.
This Korean restaurant business is located at 116 S San Francisco St in downtown Flagstaff. The business is owner- and chef-managed, and it has received a Restaurant Guru Award.
The offering is for the business only; the real estate is not included.
The offering is for the business only; the real estate is not included.
Key Highlights
- Korean restaurant business at 116 S San Francisco St, Flagstaff
- Business sale excludes the real estate
- Owner- and chef‑managed operation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,317
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,340
$326.3K
Cap Rate 7%
$233,100
$233.1K
Cap Rate 9%
$181,300
$181.3K
Market Conditions
NOI Build-Up for 1,108 SF
Gross rent
$23.3K $21.00/SF
− Vacancy
−$1.5K −$1.37/SF
EGI
$21.8K $19.64/SF
− OpEx
−$5.4K −$4.91/SF
NOI
$16.3K $14.73/SF
Area
Coconino County, AZ
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,340
Cap Rate 7%
$233,100
Cap Rate 9%
$181,300
Alternative Uses
Best Use
Specialty Retail
$233.1K
$204.0K – $272.0K
NOI $16,317 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.3K
$268.0K – $357.4K
NOI $21,442 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,523
Businesses Nearby
160k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Apparel 25%
Shops & Services 9%
Hotels & Casinos 9%
Dutch Bros. Coffee
Dining
42,617 visits/mo
0.5 miles
Goodwill
Apparel
25,196 visits/mo
0.5 miles
REI
Apparel
15,386 visits/mo
0.5 miles
Dairy Queen
Dining
12,969 visits/mo
0.4 miles
Jack in the Box
Dining
12,358 visits/mo
0.4 miles
Demographics for 86001, AZ
37,093
Population
15,364
Households
2.4
Avg Household Size
27
Median Age
55%
College-Educated
96%
High-School Grad
290.4 sq mi
ZIP Area
128
Density / Sq Mi
$62,587
Median Household Income
$24,346
Median Earnings
$1,505
Median Rent
$570,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - An established Korean dining business operates at a historic downtown Flagstaff address.
Where is this conventional restaurant located?
The property is located at 116 S San Francisco St Flagstaff, AZ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Korean restaurant business at 116 S San Francisco St, Flagstaff; Business sale excludes the real estate; Owner- and chef‑managed operation
