519 N Leroux ST, Flagstaff, AZ 86001

Building Details

Building Size 7,294 SF More

Year Built 1923 More

Buildings 2 More

Tenancy Multi More

Listing Agency: Coldwell Banker Northland

Listed By: Darien Degher · License #SA640115000 Show Phone

Source: Cbcworldwide

Added: Nov 6 Last Checked: Nov 6 at 2:37PM

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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.

This mixed-use property comprises two buildings totaling approximately 7,300 square feet on about 0.33 acres. The buildings date from the early to mid-20th century, and visible details retain evidence of their former residential use. The property was built in 1923.

The site occupies a hard corner just north of downtown Flagstaff. Multiple tenants currently occupy the property on a month-to-month basis, providing a flexible existing occupancy arrangement.

Key Highlights

• Approximately 7,300 square feet across two buildings
• About 0.33 acres on a hard‑corner site
• Built in 1923; early- to mid‑20th‑century buildings retain traces of prior residential use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,315

Cap Rate

4.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,686,300 $1.7M

Cap Rate 7%

$1,204,500 $1.2M

Cap Rate 9%

$936,833 $936.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,300 SF

Gross rent

$153.3K $21.00/SF

− Vacancy

−$18.4K −$2.52/SF

EGI

$134.9K $18.48/SF

− OpEx

−$50.6K −$6.93/SF

NOI

$84.3K $11.55/SF

Area

Coconino County, AZ

Vacancy

12.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,686,300

Cap Rate 7%

$1,204,500

Cap Rate 9%

$936,833

Alternative Uses

Best Use

Mixed Use

$1.20M

$1.05M – $1.41M (±1% cap)

NOI $84,315 @ 7.0% cap · market cap 4.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.02M

$1.77M – $2.35M (±1% cap)

NOI $141,271 @ 7.0% cap · market cap 8.07%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Tinning Kirsten Alternative Medicine Practice Mary E. Coy, ... Physician Collins Carol Physician Northern Arizona Counseling ... Counselor Sacred Space Healing ... Alternative Medicine Practice

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Big Box & Wholesale Store 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.

Lease Details

Multi-tenant

Tenancy

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two buildings provide a multi-tenant configuration with month-to-month occupancy and traces of earlier residential use.

Where is this mixed-use property located?

The property is located at 519 N Leroux ST Flagstaff, AZ.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Approximately 7,300 square feet across two buildings; About 0.33 acres on a hard‑corner site; Built in 1923; early- to mid‑20th‑century buildings retain traces of prior residential use