Remodeled Medical Office
For Sale
Contact for pricing
1300 N Rim Drive, Flagstaff, AZ 86001
Remodeled suite with five offices, two bathrooms, and shared waiting, entry, and storage connected by a dedicated walking path to FMC.
Property Size2,215 SF
Price / SF$259.59
Days on Market52
Property Features for 1300 N Rim Drive
General Information
Standard status
Active
Size
2,215 SF
Class
B
Property subtype
Office
Zoning
Commercial
Lease Type
NNN
Building Details
Year Built
1982
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Linton Real Estate LLC
Listed By:
Susan Weitzman, Broker, CCIM · License #AZ BR006602000
Source:
Crexi
Added: Jul 9
Changed: Aug 10
Last Checked: Aug 26 at 6:28PM
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 Linton Real Estate LLC
Investment Insights
Based on property information with market context.
This fully remodeled professional medical or wellness office suite is designed to create a strong patient-ready first impression. The private interior includes five offices and two bathrooms, along with shared/common support areas that serve the adjacent medical office. A shared entry and waiting room are included as common space, and there is also shared storage located under the building.
A dedicated walking path connects the leased suite directly to Flagstaff Medical Center, supported by convenient access for patients and visitors.
Per the CCRs, the space is designated as a medical or wellness office. Of the total rentable 2,118 square feet, 1,561 square feet are private to the subject, while 654 square feet includes the common waiting room and entry with the suite next door. An additional 230 square feet is common storage with the suite next door and is located under the building.
A dedicated walking path connects the leased suite directly to Flagstaff Medical Center, supported by convenient access for patients and visitors.
Per the CCRs, the space is designated as a medical or wellness office. Of the total rentable 2,118 square feet, 1,561 square feet are private to the subject, while 654 square feet includes the common waiting room and entry with the suite next door. An additional 230 square feet is common storage with the suite next door and is located under the building.
Key Highlights
- Fully remodeled medical/wellness suite built in 1982 with direct, dedicated walking path connection to Flagstaff Medical Center (FMC)
- Suite includes 5 offices and 2 bathrooms, plus shared entry and waiting areas
- Total rentable area is 2,118 SF: 1,561 SF private to the suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,552
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,040
$611.0K
Cap Rate 7%
$436,457
$436.5K
Cap Rate 9%
$339,467
$339.5K
Market Conditions
NOI Build-Up for 2,215 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.6K $23.28/SF
− Vacancy
−$10.8K −$4.89/SF
EGI
$40.7K $18.39/SF
− OpEx
−$10.2K −$4.60/SF
NOI
$30.6K $13.79/SF
Area
Coconino County, AZ
Vacancy
21.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,040
Cap Rate 7%
$436,457
Cap Rate 9%
$339,467
Alternative Uses
Best Use
Office B
$436.5K
$381.9K – $509.2K
NOI $30,552 @ 7.0% cap · market cap 5.31%
Second Best
Healthcare Medical
$383.4K
$335.5K – $447.3K
NOI $26,840 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$612.4K
$535.8K – $714.4K
NOI $42,865 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeled suite with five offices, two bathrooms, and shared waiting, entry, and storage connected by a dedicated walking path to FMC.
Where is this medical office space located?
The property is located at 1300 N Rim Drive Flagstaff, AZ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Fully remodeled medical/wellness suite built in 1982 with direct, dedicated walking path connection to Flagstaff Medical Center (FMC); Suite includes 5 offices and 2 bathrooms, plus shared entry and waiting areas; Total rentable area is 2,118 SF: 1,561 SF private to the suite
