Mixed-Use Property with Fuel
New
For Sale
Contact for pricing
31926 N Us Highway 89, Flagstaff, AZ 86004
Highway commercial site with retail, saloon, kitchen, storage, and parking for cars, RVs, buses, and commercial vehicles.
Property Size5,283 SF
Price / SF$141.78
Days on Market5
Property Features for 31926 N Us Highway 89
General Information
Standard status
Active
Size
5,283 SF
Property subtype
Retail, Mixed Use, Land
Zoning
General 10
Listing Agency:
Russ Lyon Sothbey's International Realty Flagstaff
(928) 699-9707
Listed By:
Ty Van Dyke · License #SA651983000
Source:
Crexi
Added: Aug 7
Changed: Aug 10
Last Checked: Aug 10 at 9:10AM
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 Russ Lyon Sothbey's International Realty Flagstaff
Investment Insights
Based on property information with market context.
Established in 1959, this mixed-use commercial property occupies 13.33 acres along US Highway 89 between Flagstaff and Page. The 5,283-square-foot building combines convenience retail with a walk-in cooler, a saloon with bar seating, two public restrooms, storage, an office, a commercial kitchen with an employee restroom, and an additional room for future expansion.
The site includes ADEQ-registered underground fuel tanks with multiple dispensers serving Regular, Premium, and Diesel. An expansive parking area accommodates cars, RVs, buses, and large commercial vehicles. The property is zoned General 10 and sits along a route identified as carrying more than 3.9 million travelers annually. A Class 6 Liquor License and all FF&E are available through a separate bill of sale.
The site includes ADEQ-registered underground fuel tanks with multiple dispensers serving Regular, Premium, and Diesel. An expansive parking area accommodates cars, RVs, buses, and large commercial vehicles. The property is zoned General 10 and sits along a route identified as carrying more than 3.9 million travelers annually. A Class 6 Liquor License and all FF&E are available through a separate bill of sale.
Key Highlights
- 13.33‑acre mixed‑use commercial property at 31926 N Us Highway 89, Flagstaff, AZ 86004
- 5,283‑square‑foot building with convenience retail, saloon, kitchen, storage, office, and expansion room
- ADEQ‑registered underground fuel tanks with multiple dispensers for Regular, Premium, and Diesel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,899
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,277,980
$1.3M
Cap Rate 7%
$912,843
$912.8K
Cap Rate 9%
$709,989
$710.0K
Market Conditions
NOI Build-Up for 5,283 SF
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.
Gross rent
$97.6K $18.48/SF
− Vacancy
−$6.3K −$1.20/SF
EGI
$91.3K $17.28/SF
− OpEx
−$27.4K −$5.18/SF
NOI
$63.9K $12.10/SF
Area
Coconino County, AZ
Vacancy
6.50%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,277,980
Cap Rate 7%
$912,843
Cap Rate 9%
$709,989
Alternative Uses
Best Use
Specialty Retail
$1.11M
$972.5K – $1.30M
NOI $77,799 @ 7.0% cap · market cap 10.39%
Second Best
Retail
$912.8K
$798.7K – $1.06M
NOI $63,899 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,238 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Highway commercial site with retail, saloon, kitchen, storage, and parking for cars, RVs, buses, and commercial vehicles.
Where is this mixed-use property located?
The property is located at 31926 N Us Highway 89 Flagstaff, AZ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 13.33‑acre mixed‑use commercial property at 31926 N Us Highway 89, Flagstaff, AZ 86004; 5,283‑square‑foot building with convenience retail, saloon, kitchen, storage, office, and expansion room; ADEQ‑registered underground fuel tanks with multiple dispensers for Regular, Premium, and Diesel
