Building Details

Year Built 1986

Buildings 1

Listing Agency: Coldwell Banker Northland

Listed By: Darien D Degher · License #SA640115000 Show Phone

Source: Thebergaminigroup

Added: Jul 23 Changed: Oct 5 Last Checked: Oct 7 at 3:54PM

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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

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Investment Insights

Based on property information with market context.

Built in 1986, this 4,052-square-foot office building is positioned north of downtown Flagstaff. The property includes a front section that is fully leased, providing an established occupancy component, along with a rear section that can accommodate additional owner or tenant use. This configuration supports separate occupied and available areas within one building.

The property is located on N Beaver St near downtown Flagstaff, with access to downtown amenities, major employment centers, and regional transportation corridors. Its layout offers a practical combination of existing tenancy and usable expansion capacity for an owner-user, investor, or mixed-occupancy arrangement.

Key Highlights

• 4,052‑square‑foot office building constructed in 1986
• Front portion is fully leased
• Rear section offers additional owner or tenant space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,891

Cap Rate

3.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,117,820 $1.1M

Cap Rate 7%

$798,443 $798.4K

Cap Rate 9%

$621,011 $621.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,052 SF

Gross rent

$94.3K $23.28/SF

− Vacancy

−$19.8K −$4.89/SF

EGI

$74.5K $18.39/SF

− OpEx

−$18.6K −$4.60/SF

NOI

$55.9K $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%

$1,117,820

Cap Rate 7%

$798,443

Cap Rate 9%

$621,011

Alternative Uses

Best Use

Office B

$798.4K

$698.6K – $931.5K (±1% cap)

NOI $55,891 @ 7.0% cap · market cap 3.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.12M

$980.2K – $1.31M (±1% cap)

NOI $78,415 @ 7.0% cap · market cap 5.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Rooftop Solar Electrical Service Cpes Family Counselor Sara Codner Foster Care Service Megan Woods Physician Brian Vanmeerten Physician

Suggested Use

Top Pick Big Box & Wholesale Store Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Locksmith Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,159

Businesses Nearby

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office property north of downtown with leased front space and additional rear-area flexibility.

Where is this office building located?

The property is located at 515 N Beaver St Flagstaff, AZ.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: 4,052‑square‑foot office building constructed in 1986; Front portion is fully leased; Rear section offers additional owner or tenant space