Downtown Flex
For Sale
$1,950,000
417 W Santa Fe Avenue, Flagstaff, AZ 86001
Commercial Sale, Flagstaff, AZ
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$323.44
Days on Market485
Property Features for 417 W Santa Fe Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Window features
Skylight(s)
Directions
Traveling east on Route 66, turn left onto Milton, follow for .5 miles and take left after crossing under RR tracks. Building is on the left.
Subdivision
145 - Flagstaff Townsite
Standard status
Active
APN
10022022
Size
6,029 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: D1 LOT: 8 WLY 13' LOT 7 ; A PCL DESC BY M&B BEG AT SW COR OF LOT 8 TH SWLY ALNG A
Tax Annual Amount
3456
Legal Description
SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: D1 LOT: 8 WLY 13' LOT 7 ; A PCL DESC BY M&B BEG AT SW COR OF LOT 8 TH SWLY ALNG A
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1945
Roof type
Built-Up, Flat
Listing Agency:
eXp Realty, LLC
(928) 288-5252
Listed By:
Stephen Broaddus · License #SA676035000
(928) 864-7036
Added: Jun 9, 2025
Changed: Oct 2
Last Checked: Oct 6 at 12:06PM
MLS# 201055
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.
Located at 417 W Santa Fe Avenue in downtown Flagstaff, this flex property combines warehouse, shop, and studio potential within a single commercial building. The property includes central heating, central air conditioning, cable availability, and a built-up flat roof. Constructed in 1945, the building occupies a 0.14-acre site and previously housed the Daily Sun for nearly 50 years.
The property is approximately two miles from I-40 and sits in Flagstaff, AZ 86001. Its central setting and mixed-use physical configuration provide a commercial platform for businesses seeking space that can accommodate more than one operational function.
The property is approximately two miles from I-40 and sits in Flagstaff, AZ 86001. Its central setting and mixed-use physical configuration provide a commercial platform for businesses seeking space that can accommodate more than one operational function.
Key Highlights
- 6,029 square feet of commercial property
- 0.14‑acre site at 417 W Santa Fe Avenue
- Approximately two miles from I‑40
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,012
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,240
$1.3M
Cap Rate 7%
$957,314
$957.3K
Cap Rate 9%
$744,578
$744.6K
Market Conditions
NOI Build-Up for 6,029 SF
Gross rent
$108.5K $18.00/SF
− Vacancy
−$5.4K −$0.90/SF
EGI
$103.1K $17.10/SF
− OpEx
−$36.1K −$5.98/SF
NOI
$67.0K $11.11/SF
Area
Coconino County, AZ
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,240
Cap Rate 7%
$957,314
Cap Rate 9%
$744,578
Alternative Uses
Best Use
Flex RnD
$957.3K
$837.7K – $1.12M
NOI $67,012 @ 7.0% cap · market cap 3.44%
Second Best
Warehouse
$625.9K
$547.7K – $730.3K
NOI $43,816 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,675 @ 7.0% cap · market cap 5.98%
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
2,734
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 86001, AZ
37,093
Population
15,364
Households
2.4
Avg Household Size
27
Median Age
55%
College-Educated
96%
High-School Grad
290.4 sq mi
ZIP Area
128
Density / Sq Mi
$62,587
Median Household Income
$24,346
Median Earnings
$1,505
Median Rent
$570,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Express Burritos — 218 s san francisco st, flagstaff, az 86001
- Simply Delicious Catering — 408 E Rte 66, Flagstaff, AZ 86001
- Wil's Grill — 990 N Fort Valley Rd, Flagstaff, AZ 86004
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial space with warehouse, shop, and studio potential, supported by central heating and central air conditioning.
Where is this flex space located?
The property is located at 417 W Santa Fe Avenue Flagstaff, AZ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 6,029 square feet of commercial property; 0.14‑acre site at 417 W Santa Fe Avenue; Approximately two miles from I‑40
