Freestanding Commercial Building in
For Sale
Contact for pricing
460 N Switzer Canyon DR., Flagstaff, AZ 86001
10,000 SF commercial building in a high-traffic Flagstaff location.
Property Size10,000 SF
Price / SF$240
Days on Market141
Property Features for 460 N Switzer Canyon DR.
General Information
Standard status
Active
Size
10,000 SF
Class
C
Total Parking Spaces
25
Property subtype
Retail, Office
Zoning
HC
Occupancy
40%
Investment Type
Owner/User
Building Details
Year Built
1975
Year Renovated
2021
Stories
1
Units
25
Tenancy
Multi
Listing Agency:
Coldwell Banker Northland
(928) 607-3749
Listed By:
Darien Degher · License #SA640115000
Source:
Crexi
Added: Mar 21
Changed: Aug 8
Last Checked: Aug 8 at 6:32AM
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 Coldwell Banker Northland
Investment Insights
Based on property information with market context.
This 10,000 square foot freestanding commercial building is positioned along a highly trafficked, mixed-use corridor, offering visibility and accessibility. Zoned Highway Commercial, the building is suited for medical, professional services, retail, or specialty commercial uses. The flexible floor plan allows for single-tenant occupancy or subdivision. Prominent frontage along a major thoroughfare ensures exposure to daily traffic. The surrounding mix of residential, office, and retail uses supports consumer and employee activity. The freestanding configuration provides identity, signage opportunities, and on-site parking. The location offers a blend of commercial, medical, and residential uses with access to all sectors of the city. The property is located just south of the Flagstaff Medical Center, sharing the same corridor with private medical practices, commercial uses, worship centers, and high-density residential areas.
Key Highlights
- 10,000 sq ft freestanding commercial building in a high‑traffic location
- Highway Commercial zoning allows for diverse uses
- Excellent visibility and accessibility with prominent frontage and signage opportunities
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
$120,952
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
5.04%
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%
$2,419,040
$2.4M
Cap Rate 7%
$1,727,886
$1.7M
Cap Rate 9%
$1,343,911
$1.3M
Market Conditions
NOI Build-Up for 10,000 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
$184.8K $18.48/SF
− Vacancy
−$12.0K −$1.20/SF
EGI
$172.8K $17.28/SF
− OpEx
−$51.8K −$5.18/SF
NOI
$121.0K $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%
$2,419,040
Cap Rate 7%
$1,727,886
Cap Rate 9%
$1,343,911
Alternative Uses
Best Use
Retail
$1.73M
$1.51M – $2.02M
NOI $120,952 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.42M – $3.23M
NOI $193,523 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
173k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 35%
Apparel 11%
Shops & Services 9%
Fry's
Groceries
60,196 visits/mo
0.2 miles
Starbucks
Dining
28,598 visits/mo
0.4 miles
Culver's
Dining
25,398 visits/mo
0.4 miles
SONIC Drive In
Dining
19,121 visits/mo
0.5 miles
Goodwill
Apparel
18,484 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 10,000 SF commercial building in a high-traffic Flagstaff location.
Where is this retail space located?
The property is located at 460 N Switzer Canyon DR. Flagstaff, AZ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10,000 sq ft freestanding commercial building in a high‑traffic location; Highway Commercial zoning allows for diverse uses; Excellent visibility and accessibility with prominent frontage and signage opportunities
