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    1600 University Dr Flagstaff, AZ 86001

    Sponsored
    For Sale
    $350,000

    Flagstaff Executive Office, Vacant, $350K

    Property size:
    714 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning Class A executive office suite, located at 1600 W University Dr in Flagstaff, Arizona (86001), presents a unique investment opportunity. Boasting 700 square feet of net rentable space within a 714-square-foot building, this property offers a sophisticated and efficient workspace. Built in 2002 and renovated in 2016, the suite is currently vacant and ready for immediate occupancy. The asking price is $350,000, translating to $490.20 per square foot. This single-unit office is part of a three-building, two-story office park, providing a professional and appealing environment. The property includes high-quality office furniture (with a separate list of exclusions), creating a turnkey solution for a new business owner. Enjoy great views and a welcoming atmosphere. Seller financing is available with a $100,000 down payment, 8% interest amortized over 20 years, and a balloon payment due in 3 years. The property's APN is 112-66-024. This is an exceptional opportunity to own a prime piece of Flagstaff commercial real estate. The southwest location offers convenient access to the city's amenities. Space is available for a receptionist or additional staff. Note that artwork is not included in the sale.

    Property Features for 1600 University Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    714 SF
    Class
    A

    Building Details

    Year Built/Renovated
    2002/2016
    Buildings
    3
    Stories
    2
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.6747246
    Latitude
    35.1840857

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    FAQs

    What type of property is this?
    Office Property / Space - Flagstaff Executive Office, Vacant, $350K
    Where is this office property / space located?
    The property is located at 1600 University Dr Flagstaff, AZ.
    What is the asking price?
    The asking price for this property is $350,000.
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    1600 University Dr Flagstaff, AZ 86001
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    Flagstaff, AZ 86001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 University Dr Flagstaff, AZ 86001
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