Office Building with Front
515 N Beaver Street Flagstaff, AZ 86001
For Sale
$1,450,000
COMMERCIAL - Flagstaff, AZ
Property Size4,052 SF
Lot Size0.16 Acres
Price / SF$357.85
Days on Market95
Property Features for 515 N Beaver Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security System
- Standard status
- Active
- APN
- 10003016
- Size
- 4,052 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SUBDIVISION: RAILROAD ADD BLOCK: 65 LOT: 21 AND:- LOT: 22 SIXTEENTH: NW QUARTER: SW SECTION: 15 TOWNSHIP: 21N RANGE: 07E
- Tax Annual Amount
- 10144
Utilities
- Utilities
- Cable Available
- Heating system
- Central, Natural Gas
- Cooling system
- Gas (Cooling), Central Air
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Roof type
- Shake
Listing Agency:
Coldwell Banker Northland
(928) 526-5309
Listed By:
Darien D Degher · License #SA640115000
(928) 607-3749
Added: Apr 20
Changed: Jul 7
Last Checked: Jul 23 at 9:06PM
MLS# 204195
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 distinctive office building offers a combination of leased and available space. The front portion of the building is fully leased, supporting an income-generating setup for an investor or operator seeking current tenancy. The rear section provides flexibility, creating space that can be occupied by an owner or leased to additional tenants, depending on how the next phase of operations is planned.
Located just north of downtown Flagstaff, the property is positioned for convenient access to downtown amenities and major employment centers. Its placement also supports connectivity to regional transportation corridors, making it suitable for a range of professional office uses that benefit from being near established activity within Northern Arizona.
Designed as a true office facility with a professional presence, the building can fit owner-users who want control over part of the property while maintaining committed tenancy in the front. Investors may find value in owning a single asset that includes both secured occupancy and an opportunity to capture future leasing or phased occupancy in the rear space. The overall configuration is intended for tenants, buyers, and operators looking for practical flexibility within an existing office structure.
Located just north of downtown Flagstaff, the property is positioned for convenient access to downtown amenities and major employment centers. Its placement also supports connectivity to regional transportation corridors, making it suitable for a range of professional office uses that benefit from being near established activity within Northern Arizona.
Designed as a true office facility with a professional presence, the building can fit owner-users who want control over part of the property while maintaining committed tenancy in the front. Investors may find value in owning a single asset that includes both secured occupancy and an opportunity to capture future leasing or phased occupancy in the rear space. The overall configuration is intended for tenants, buyers, and operators looking for practical flexibility within an existing office structure.
Key Highlights
- Office building built in 1986
- Front portion of the building is fully leased
- Rear section offers space that could be occupied or leased
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.3k | $23.28 |
| − Vacancy | −$19.8k | −$4.89 |
| EGI | $74.5k | $18.39 |
| − OpEx | −$18.6k | −$4.60 |
| NOI | $55.9k | $13.79 |
4,052 SF · lease $23.28/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$798.4K
$698.6K – $931.5K
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
NOI $78,415 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rooftop Solar
Electrical Service
Cpes
Family Counselor
Sara Codner
Foster Care Service
Megan Woods
Physician
Brian Vanmeerten
Physician
FAQs
What type of property is this?
Office building - Distinctive office building with a fully leased front portion and a rear section for owner-occupancy or additional leasing.
Where is this office building located?
The property is located at 515 N Beaver Street 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: Office building built in 1986; Front portion of the building is fully leased; Rear section offers space that could be occupied or leased
