Flagstaff Office For
1600 W University Dr Flagstaff, AZ 86001
1600 W University Dr, Flagstaff, AZ, 86001
Contact for pricing
For Sale
Contact for pricing
Pending
New office building with seller financing in Flagstaff, Arizona.
Property Size714 SF
Days on Market712
Property Features for 1600 W University Dr
General Information
- Standard status
- Pending
- Size
- 714 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
RE/MAX Fine Properties
(928) 220-5012
Listed by
Allen Ginsberg · License #BR007598000
Source
Crexi
Added: Aug 9, 2024 Updated: Jul 10 at 11:24AM Checked: Jul 20 at 5:42AM
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 RE/MAX Fine Properties
Investment Insights
Based on property information with market context.
Located on the southwest side of Flagstaff, this office space is situated in one of the newest office buildings in the area. The 714 square-foot office is suitable for an individual looking to own their own space. The seller is willing to carry financing with $100,000 down, 8% interest amortized over 20 years, with the balance due and payable in 3 years for qualified buyers. The executive office space includes room for a receptionist or additional staff and offers views. Office furniture is included, with a list of exclusions, and artwork is not included.
Key Highlights
- Seller financing available with $100,000 down, 8% interest, amortized over 20 years (due in 3 years).
- Located in one of Flagstaff's newest office buildings.
- Includes office furniture (with exceptions).
Local 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 | $16.6k | $23.28 |
| − Vacancy | −$3.5k | −$4.89 |
| EGI | $13.1k | $18.39 |
| − OpEx | −$3.3k | −$4.60 |
| NOI | $9.8k | $13.79 |
714 SF · lease $23.28/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$140.7K
$123.1K – $164.1K
NOI $9,848 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$197.4K
$172.7K – $230.3K
NOI $13,818 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - New office building with seller financing in Flagstaff, Arizona.
Where is this office units located?
The property is located at 1600 W University Dr Flagstaff, AZ.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Seller financing available with $100,000 down, 8% interest, amortized over 20 years (due in 3 years).; Located in one of Flagstaff's newest office buildings.; Includes office furniture (with exceptions).
