Second-Story Office Unit with
New
For Sale
Contact for pricing
1600 W University Ave Ste 206, Flagstaff, AZ 86001
Move-in-ready professional suite with private offices, accessible features, and a separately entered office component.
Property Size1,027 SF
Price / SF$340.80
Days on Market6
Property Features for 1600 W University Ave Ste 206
General Information
Standard status
Active
Size
1,027 SF
Class
B
Elevators
Yes
Property subtype
Office
Zoning
Light Industrial Open
Investment Type
Owner/User
Additional Details
Floor
2
Building Details
Year Built
2007
Buildings
2
Units
1
Listing Agency:
Coldwell Banker Northland
(928) 607-3749
Listed By:
Darien Degher · License #SA640115000
Source:
Crexi
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 2:26AM
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 Coldwell Banker Northland
Investment Insights
Based on property information with market context.
This 1,027-square-foot office unit occupies the second story of Ponderosa Park Business Center and includes a private balcony. The layout combines private offices, a reception and waiting area, support space, an ADA bathroom, and a larger self-contained office area with its own entrance and bathroom. Common-area elevator access supports ADA accessibility throughout the property.
Built in 2007, the unit is located at 1600 W University Ave in Flagstaff’s Woodlands Village commercial corridor. Light Industrial Open zoning applies. The configuration can accommodate professional office, counseling, financial, legal, consulting, administrative, conference, or training functions, with potential for owner occupancy, a separate rentable component, or partial sublease use.
Built in 2007, the unit is located at 1600 W University Ave in Flagstaff’s Woodlands Village commercial corridor. Light Industrial Open zoning applies. The configuration can accommodate professional office, counseling, financial, legal, consulting, administrative, conference, or training functions, with potential for owner occupancy, a separate rentable component, or partial sublease use.
Key Highlights
- 1,027 SF second‑story office unit with private balcony
- Private offices plus reception, waiting, and support areas
- Self‑contained office suite with separate entrance and bathroom
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
$14,166
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
4.05%
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%
$283,320
$283.3K
Cap Rate 7%
$202,371
$202.4K
Cap Rate 9%
$157,400
$157.4K
Market Conditions
NOI Build-Up for 1,027 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
$23.9K $23.28/SF
− Vacancy
−$5.0K −$4.89/SF
EGI
$18.9K $18.39/SF
− OpEx
−$4.7K −$4.60/SF
NOI
$14.2K $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%
$283,320
Cap Rate 7%
$202,371
Cap Rate 9%
$157,400
Alternative Uses
Best Use
Office B
$202.4K
$177.1K – $236.1K
NOI $14,166 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.9K
$248.4K – $331.3K
NOI $19,875 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
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?
Office units - Move-in-ready professional suite with private offices, accessible features, and a separately entered office component.
Where is this office units located?
The property is located at 1600 W University Ave Ste 206 Flagstaff, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,027 SF second‑story office unit with private balcony; Private offices plus reception, waiting, and support areas; Self‑contained office suite with separate entrance and bathroom
