Remodeled Medical Office
For Sale
$575,000
A-1300 N Rim Dr, Flagstaff, AZ 86001
Remodeled suite includes five offices, two bathrooms, a waiting area, and a dedicated walking path to Flagstaff Medical Center.
Property Size2,215 SF
Price / SF$259.59
Days on Market74
Property Features for A-1300 N Rim Dr
General Information
Standard status
Active
Size
2,215 SF
Taxes and HOA fees
Annual Taxes
$3,804
Amenities
dedicated walking path
shared entry
shared waiting room
shared storage
Listing Agency:
Linton Real Estate
(928) 779-4411
Listed By:
Susan Weitzman · License #BR006602000
(928) 699-3499
Source:
Exprealty
Added: Jun 28
Changed: Aug 21
Last Checked: Sep 8 at 9:07AM
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 Linton Real Estate
Investment Insights
Based on property information with market context.
This remodeled professional suite is designed for medical or wellness use and presents a light, bright interior. The layout includes five offices and two bathrooms, along with a shared entry, waiting room, and storage area with the medical office next door.
Access is provided through a dedicated walking path that connects the leased suite directly to Flagstaff Medical Center, supporting convenient patient or staff movement.
The buyer should verify square footage to their satisfaction.
Access is provided through a dedicated walking path that connects the leased suite directly to Flagstaff Medical Center, supporting convenient patient or staff movement.
The buyer should verify square footage to their satisfaction.
Key Highlights
- Remodeled professional suite with 5 offices and 2 bathrooms
- Shared entry and waiting room included
- Includes storage and a dedicated walking path connecting the leased suite to Flagstaff Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,552
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,040
$611.0K
Cap Rate 7%
$436,457
$436.5K
Cap Rate 9%
$339,467
$339.5K
Market Conditions
NOI Build-Up for 2,215 SF
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.
Gross rent
$51.6K $23.28/SF
− Vacancy
−$10.8K −$4.89/SF
EGI
$40.7K $18.39/SF
− OpEx
−$10.2K −$4.60/SF
NOI
$30.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,040
Cap Rate 7%
$436,457
Cap Rate 9%
$339,467
Alternative Uses
Best Use
Office B
$436.5K
$381.9K – $509.2K
NOI $30,552 @ 7.0% cap · market cap 5.31%
Second Best
Healthcare Medical
$383.4K
$335.5K – $447.3K
NOI $26,840 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$612.4K
$535.8K – $714.4K
NOI $42,865 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeled suite includes five offices, two bathrooms, a waiting area, and a dedicated walking path to Flagstaff Medical Center.
Where is this medical office space located?
The property is located at A-1300 N Rim Dr Flagstaff, AZ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Remodeled professional suite with 5 offices and 2 bathrooms; Shared entry and waiting room included; Includes storage and a dedicated walking path connecting the leased suite to Flagstaff Medical Center
