Remodeled Medical Office
For Sale
$575,000
1300 N Rim Dr Unit A, Flagstaff, AZ 86001
Bright professional suite with private offices, restrooms, and shared reception and storage areas.
Property Size2,215 SF
Price / SF$259.59
Days on Market109
Property Features for 1300 N Rim Dr Unit A
General Information
Standard status
Active
Size
2,215 SF
Property subtype
Commercial
Additional Details
Office Units
1
Amenities
dedicated walking path
shared entry
waiting room
storage
Building Details
Year Built
1982
Tenancy
Multi
Listing Agency:
Linton Real Estate, LLC
(928) 779-4411
Listed By:
Susan Weitzman · License #BR006602000
Source:
Findyourphoenixhome
Added: May 13
Changed: Aug 28
Last Checked: Aug 28 at 8:58PM
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 2,215-square-foot medical office suite was built in 1982 and has undergone a full remodel. The layout includes 5 offices and two bathrooms, along with a shared entrance, waiting room, and storage area serving the neighboring medical office. Its configuration supports medical or wellness-oriented operations, subject to buyer verification of the stated size.
A dedicated walking path provides a direct connection to Flagstaff Medical Center. The property is located at 1300 N Rim Dr Unit A in Flagstaff, Arizona, offering an established professional setting with convenient access to the medical center.
A dedicated walking path provides a direct connection to Flagstaff Medical Center. The property is located at 1300 N Rim Dr Unit A in Flagstaff, Arizona, offering an established professional setting with convenient access to the medical center.
Key Highlights
- 2,215‑square‑foot medical office suite
- Fully remodeled interior suited to medical or wellness use
- 5 offices and two bathrooms
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
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Bright professional suite with private offices, restrooms, and shared reception and storage areas.
Where is this medical office space located?
The property is located at 1300 N Rim Dr Unit A 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: 2,215‑square‑foot medical office suite; Fully remodeled interior suited to medical or wellness use; 5 offices and two bathrooms
