Mixed-Use Property with Salon
For Sale
$500,000
2721 N West Street, Flagstaff, AZ 86004
Commercial Sale, Flagstaff, AZ
Property Size1,775 SF
Lot Size0.14 Acres
Price / SF$281.69
Days on Market49
Property Features for 2721 N West Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Cedar Avenue to West Street. Go South to House on Right.
Subdivision
400 - Sunnyside
Standard status
Active
APN
10910124
Size
1,775 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUBDIVISION: SUNNYSIDE NORTH ANNEX UNIT 11 LOT: 18 SIXTEENTH: NW QUARTER: SE SECTION: 11 TOWNSHIP: 21N RANGE: 07E
Tax Annual Amount
1992
Legal Description
SUBDIVISION: SUNNYSIDE NORTH ANNEX UNIT 11 LOT: 18 SIXTEENTH: NW QUARTER: SE SECTION: 11 TOWNSHIP: 21N RANGE: 07E
Utilities
Utilities
Natural Gas Available
Heating system
Heat Pump (Heating), Natural Gas
Building Details
Year built
1961
Roof type
Asphalt
Listing Agency:
Skysbright Realty
Listed By:
Lisa A Aird · License #BR546774000
(928) 310-0994
Added: Aug 19
Changed: Oct 2
Last Checked: Oct 6 at 1:06PM
MLS# 205714
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.
Investment Insights
Based on property information with market context.
This 1,775-square-foot mixed-use property combines a former salon area with residential space. The front portion previously operated as a salon and retains one station, while the rear portion has served as a residence. Updated flooring runs through the property, and a bonus room adds adaptable interior space for laundry, office, hobbies, or a potential fourth bedroom.
The 0.14-acre parcel includes a yard and two storage sheds, one of which may function as a workshop. Built in 1961, the property has an asphalt roof, natural gas and heat pump heating, and natural gas available as a listed utility. Its commercial and residential zoning supports a range of live-work arrangements within Flagstaff.
The 0.14-acre parcel includes a yard and two storage sheds, one of which may function as a workshop. Built in 1961, the property has an asphalt roof, natural gas and heat pump heating, and natural gas available as a listed utility. Its commercial and residential zoning supports a range of live-work arrangements within Flagstaff.
Key Highlights
- 1,775‑square‑foot mixed‑use property on a 0.14‑acre parcel
- Commercial and residential zoning supports live‑work use
- Former salon area retains one salon station
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
Mixed Use
$292.9K
$256.3K – $341.7K
NOI $20,501 @ 7.0% cap · market cap 4.10%
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.
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential zoning supports a live-work configuration with former salon space and a separate residential area.
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 on a 0.14‑acre parcel; Commercial and residential zoning supports live‑work use; Former salon area retains one salon station
