For-Sale Hotel
224 S Mikes Pike Flagstaff, AZ 86001
For Sale
Contact for pricing
Hotel property offered for sale with seller financing available.
Property Size41,806 SF
Price / SF$275.08
Days on Market160
Property Features for 224 S Mikes Pike
General Information
- Standard status
- Active
- Size
- 41,806 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 2019
Listing Agency:
T S Hotel Advisors, Inc.
Listed By:
Sudhir "Sid" Tewari · License #CA: 01773230
Source:
Crexi
Added: Feb 13
Changed: Jul 21
Last Checked: Jul 21 at 6:54AM
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 T S Hotel Advisors, Inc.
Investment Insights
Based on property information with market context.
This hotel property is offered for sale, with seller financing available. The building size is listed at 41,806 square feet, providing a consolidated hospitality asset for prospective buyers.
The property is located at 224 S Mikes Pike in Flagstaff, Arizona 86001. Additional details on the specific unit mix, condition, and current operations are not provided in the available information.
Interested parties are encouraged to request further documentation to confirm property features and operational considerations prior to making an offer.
The property is located at 224 S Mikes Pike in Flagstaff, Arizona 86001. Additional details on the specific unit mix, condition, and current operations are not provided in the available information.
Interested parties are encouraged to request further documentation to confirm property features and operational considerations prior to making an offer.
Key Highlights
- Year built: 2019
- Seller financing available
Financial Insights For Hotel Hospitality
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 | $752.5k | $18.00 |
| − Vacancy | −$75.3k | −$1.80 |
| EGI | $677.3k | $16.20 |
| − OpEx | −$355.6k | −$8.51 |
| NOI | $321.7k | $7.69 |
41,806 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$4.60M
$4.02M – $5.36M
NOI $321,697 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.56M
$10.11M – $13.48M
NOI $809,040 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hotels
FAQs
What type of property is this?
Hotel - Hotel property offered for sale with seller financing available.
Where is this hotel located?
The property is located at 224 S Mikes Pike Flagstaff, AZ.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Year built: 2019; Seller financing available
