Mixed-Use Property with Salon
For Sale
$500,000
2721 N West Street, Flagstaff, AZ 86004
Commercial and residential zoning supports live-work use with a rear residence and flexible bonus room.
Property Size1,775 SF
Price / SF$281.69
Days on Market48
Property Features for 2721 N West Street
General Information
Standard status
Active
Size
1,775 SF
Property subtype
Comm/industry Sale
Listing Agency:
Skysbright Realty
Listed By:
Lisa A Aird · License #BR546774000
(928) 310-0994
Source:
Zanebelden
Added: Sep 6
Changed: Oct 3
Last Checked: Oct 20 at 8:16PM
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 Skysbright Realty
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Investment Insights
Based on property information with market context.
This 1,775-square-foot mixed-use property combines a residential area with a front section formerly used for salon operations. One salon station remains, while the layout can accommodate another commercial use or a live-work arrangement. Updated flooring runs through the home, and a bonus room adds adaptable interior space for storage, laundry, an office, or hobbies.
The property includes a yard and two storage sheds, with one shed suitable for workshop use. Located in Flagstaff, the site is zoned for both commercial and residential purposes and includes an electric or gas dryer hookup.
The property includes a yard and two storage sheds, with one shed suitable for workshop use. Located in Flagstaff, the site is zoned for both commercial and residential purposes and includes an electric or gas dryer hookup.
Key Highlights
- 1,775‑square‑foot mixed‑use property in Flagstaff
- Zoned for both commercial and residential use
- Front area previously operated as a salon; one salon station remains
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,483
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,660
$489.7K
Cap Rate 7%
$349,757
$349.8K
Cap Rate 9%
$272,033
$272.0K
Market Conditions
NOI Build-Up for 1,775 SF
Gross rent
$41.3K $23.28/SF
− Vacancy
−$8.7K −$4.89/SF
EGI
$32.6K $18.39/SF
− OpEx
−$8.2K −$4.60/SF
NOI
$24.5K $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%
$489,660
Cap Rate 7%
$349,757
Cap Rate 9%
$272,033
Alternative Uses
Best Use
Office B
$349.8K
$306.0K – $408.1K
NOI $24,483 @ 7.0% cap · market cap 4.90%
Second Best
Retail
$306.7K
$268.4K – $357.8K
NOI $21,469 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$490.7K
$429.4K – $572.5K
NOI $34,350 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,213
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential zoning supports live-work use with a rear residence and flexible bonus room.
Where is this mixed-use property located?
The property is located at 2721 N West Street Flagstaff, AZ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,775‑square‑foot mixed‑use property in Flagstaff; Zoned for both commercial and residential use; Front area previously operated as a salon; one salon station remains
