Specialty Property With Expansion
For Sale
Contact for pricing
Pending
1600 N Center St, Flagstaff, AZ 86004
For sale specialty property with a proforma noting potential additional apartment construction on excess land.
Days on Market110
Property Features for 1600 N Center St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Building Details
Tenancy
Multi
Listing Agency:
Kelly & Call Commercial
(928) 440-5450
Listed By:
Kevin Call · License #AZ SA665484000
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 29 at 3:01PM
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 Kelly & Call Commercial
Investment Insights
Based on property information with market context.
This for-sale specialty property is being marketed with an owner-provided and broker-estimated expense basis, and projected rents stated as 25% less than a CoStar-calculated market rent. The accompanying proforma specifies that actual expenses are provided by the owner and that broker estimates are used where noted.
The proforma is described as not accounting for excess land at 1600 N Center, which could allow for construction of 2 to 4 additional apartments. The offering materials reference this excess land as a factor that may affect the overall underwriting assumptions.
While the provided remarks focus on projected income and the excess-land consideration, no additional building size, unit count, or tenancy details are included in the information provided.
The proforma is described as not accounting for excess land at 1600 N Center, which could allow for construction of 2 to 4 additional apartments. The offering materials reference this excess land as a factor that may affect the overall underwriting assumptions.
While the provided remarks focus on projected income and the excess-land consideration, no additional building size, unit count, or tenancy details are included in the information provided.
Key Highlights
- Proforma projects rents 25% less than CoStar‑calculated market rent
- Proforma uses actual owner‑provided expenses with broker‑estimated items
- Proforma notes excess land at 1600 N. Center that could allow for construction of 2 to 4 additional apartments
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 86004, AZ
38,451
Population
16,550
Households
2.3
Avg Household Size
37
Median Age
44%
College-Educated
95%
High-School Grad
914.5 sq mi
ZIP Area
42
Density / Sq Mi
$77,486
Median Household Income
$42,659
Median Earnings
$1,611
Median Rent
$464,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Specialty property - For sale specialty property with a proforma noting potential additional apartment construction on excess land.
Where is this specialty property located?
The property is located at 1600 N Center St Flagstaff, AZ.
What are key features of this property?
This property features: Proforma projects rents 25% less than CoStar‑calculated market rent; Proforma uses actual owner‑provided expenses with broker‑estimated items; Proforma notes excess land at 1600 N. Center that could allow for construction of 2 to 4 additional apartments
