Flagstaff Warehouse/Office Freestanding
2126 N Walgreens St, Flagstaff, AZ 86004
Call to check price and availability
9,800 SF warehouse/office on 1.02 acres with fenced yard.
Type:Office, Industrial
Property size:
9,800 SFLot size:
1.02 AcresPrice / SF:
$219/SF- Added:
- May 13, 2026
- Days on Market:
- 18
- Last Refresh:
- May 16 at 8:43 pm
Property Features for 2126 N Walgreens St
General Information
- Standard status
- Active
- Size
- 9,800 SF
- Lot size
- 1.02 Acres
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1998
Listing agent Darien Degher License #SA640115000
Listing office Coldwell Banker Northland (928) 607-3749
Listing date May 13, 2026
Source Crexi
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
HighLights
- High‑demand freestanding warehouse/office facility in Flagstaff's Northwoods Business Centre.
- Convenient access to the I‑40 / US‑89 transportation network.
- Approximately 9,800 SF building on 1.02 acres with +-60% office / +-40% warehouse.
- Zoned Light Industrial (LI), suitable for owner‑users or light industrial/flex investors.
- Features a fenced yard, on‑site parking, large concrete pad, monument sign, and rolling gate.
- Built in 1998.
Overview
This is a freestanding warehouse/office facility located in Flagstaff's Northwoods Business Centre, offering convenient access to the I-40 / US-89 transportation network. The building is approximately 9,800 square feet, with roughly 60% office space and 40% warehouse space, situated on 1.02 acres. It includes a fenced yard, on-site parking, a large concrete pad, a monument sign, and a rolling gate. Zoned Light Industrial (LI), the property is suitable for an owner-user seeking combined office and warehouse facilities, such as contractors, service providers, light assembly, or distribution. The fenced yard, full industrial amenities, and functional service/delivery circulation add to its appeal. The property could also be attractive to light industrial/flex investors targeting local service-oriented NNN tenancy in a business-park setting with durable demand drivers and limited comparable supply.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $228.1k | $23.28 |
| − Vacancy | −$47.9k | −$4.89 |
| EGI | $180.2k | $18.39 |
| − OpEx | −$45.1k | −$4.60 |
| NOI | $135.2k | $13.79 |
9,800 SF · lease $23.28/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $135,175 @ 7.0% cap · market cap 6.29%
Second Best
Flex RnD
$1.56M
$1.36M – $1.82M
NOI $108,927 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,652 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Flagstaff
- County
- Coconino
- State
- Arizona
- Longitude
- -111.604725
- Latitude
- 35.2063134
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 9,800 SF warehouse/office on 1.02 acres with fenced yard.
Where is this flex space located?
The property is located at 2126 N Walgreens St Flagstaff, AZ.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: High‑demand freestanding warehouse/office facility in Flagstaff's Northwoods Business Centre.; Convenient access to the I‑40 / US‑89 transportation network.; Approximately 9,800 SF building on 1.02 acres with +-60% office / +-40% warehouse.
