2126 N Walgreens Street, Flagstaff, AZ 86004
COMMERCIAL - Flagstaff, AZ
- Added:
- May 12, 2026
- Days on Market:
- 51
- Last Refresh:
- Jul 1 at 6:06 am
Property Features for 2126 N Walgreens Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security System
- Fencing
- Fenced
- Standard status
- Active Under Contract
- APN
- 10730018b
- Size
- 9,800 SF
- Lot size
- 1.02 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Provided in escrow
Utilities
- Utilities
- Phone Available
- Heating system
- Central, Natural Gas, Space Heater
- Cooling system
- Central Air, Gas (Cooling)
Building Details
- Year built
- 1998
- Roof type
- Metal, Asphalt
Listing agent Darien D Degher License #SA640115000 (928) 607-3749
Listing office Coldwell Banker Northland 5200 E Cortland Blvd., Ste. D, Flagstaff, AZ (928) 526-5309
Listing date May 12, 2026
Copyright © 2026 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Approximately 9,800 SF freestanding warehouse/office facility in Flagstaff’s Northwoods Business Centre
- Building mix of about +-60% office and +-40% warehouse, built in 1998
- Sits on 1.02 acres with a fenced yard, large concrete pad, on‑site parking, and rolling gate
- Includes a monument sign and functional service/delivery circulation for warehouse operations
- Zoned Light Industrial (LI), suitable for combined office + warehouse use
- Utilities and services include natural gas and phone available; heating options include central and space heater
Overview
Convenient access to the I-40 / US-89 transportation network connects the facility to the broader regional roadway system. The site sits on 1.02 acres, providing space for industrial-style circulation and outdoor staging through the fenced yard.
This configuration is well-suited for an owner-user seeking combined office and warehouse functionality in one location, particularly service providers, contractors, or companies supporting light assembly and distribution. The fenced yard and rolling gate can support day-to-day loading needs while keeping operations organized on-site. The property may also interest light industrial or flex investors looking for durable tenancy in a business-park setting with Light Industrial zoning and dedicated industrial site amenities.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flagstaff
- County
- Coconino
- State
- Arizona
- Longitude
- -111.604449
- Latitude
- 35.206045
