Second-Story Office Unit with
1600 W University Ave Unit 206, Flagstaff, AZ 86001
For Sale
$350,000
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 Market93
Property Features for 1600 W University Ave Unit 206
General Information
Standard status
Size
Elevators
Additional Details
Floor
Building Details
Year Built
Listing Agency:
Coldwell Banker Northland
Listed By:
Darien D Degher · License AZ SA640115000
(928) 607-3749
Source:
Broadduspropertiesgroup
Added: Aug 10
Changed: Oct 25
Last Checked: Oct 7 at 4:08PM
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
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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 / Yr
$14,166
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
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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
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Market
Properties on Market for Office Units in Coconino County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready professional suite with private offices, accessible features, and a separately entered office component.
Where is this office unit located?
The property is located at 1600 W University Ave Unit 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
