Updated Office
For Sale
$2,500,000
2290 E Rte 66, Flagstaff, AZ 86004
Two-level layout combines reception, open workspace, private offices, and dedicated restrooms.
Property Size7,634 SF
Price / SF$327.48
Days on Market207
Property Features for 2290 E Rte 66
General Information
Standard status
Active
Size
7,634 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
Realty One Group, Mountain Desert
Listed By:
Lori A Zeoli
(928) 526-5309
Source:
Searchflagstaffhouses
Added: Mar 21
Changed: Oct 1
Last Checked: Oct 12 at 8:40PM
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 Realty One Group, Mountain Desert
Investment Insights
Based on property information with market context.
This 7,634-square-foot office building, constructed in 1988, has been updated for contemporary office use. The layout includes a reception area, open workspace on the first floor, private offices upstairs, and 3 separate restrooms. Two newer AC units, an alarm system, and a metal roof are among the property improvements.
The building fronts Route 66 in central Flagstaff and is surrounded by new commercial development. A private, fenced parking lot sits adjacent to the building. An existing lease has 2 years remaining, with the current tenants able to vacate if an incoming owner elects to use the entire property.
The building fronts Route 66 in central Flagstaff and is surrounded by new commercial development. A private, fenced parking lot sits adjacent to the building. An existing lease has 2 years remaining, with the current tenants able to vacate if an incoming owner elects to use the entire property.
Key Highlights
- 7,634‑square‑foot office building constructed in 1988
- Reception area and open first‑floor workspace
- Private offices located upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,299
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,105,980
$2.1M
Cap Rate 7%
$1,504,271
$1.5M
Cap Rate 9%
$1,169,989
$1.2M
Market Conditions
NOI Build-Up for 7,634 SF
Gross rent
$177.7K $23.28/SF
− Vacancy
−$37.3K −$4.89/SF
EGI
$140.4K $18.39/SF
− OpEx
−$35.1K −$4.60/SF
NOI
$105.3K $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%
$2,105,980
Cap Rate 7%
$1,504,271
Cap Rate 9%
$1,169,989
Alternative Uses
Best Use
Office B
$1.50M
$1.32M – $1.75M
NOI $105,299 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,735 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 86004, AZ
38,451
Population
16,550
Households
2.3
Avg Household Size
37
Median Age
44%
College-Educated
95%
High-School Grad
914.5 sq mi
ZIP Area
42
Density / Sq Mi
$77,486
Median Household Income
$42,659
Median Earnings
$1,611
Median Rent
$464,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Two-level layout combines reception, open workspace, private offices, and dedicated restrooms.
Where is this office building located?
The property is located at 2290 E Rte 66 Flagstaff, AZ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,634‑square‑foot office building constructed in 1988; Reception area and open first‑floor workspace; Private offices located upstairs
