2332 Walgreen Blvd Flagstaff, AZ 86004
This exceptional Flagstaff, Arizona investment opportunity presents a 15,115-square-foot office and warehouse property situated on a 2.11-acre lot (APN 107-30-021). The building, constructed in 1994 and zoned I-1E (Industrial), boasts a prime location with excellent visibility from Walgreens Boulevard and convenient access to Interstate 40. The warehouse features 14 dock-high doors, a 20-foot ceiling height, and a 60-foot concrete apron, ideal for efficient loading and unloading. Inside, the spacious warehouse offers ample room for various industrial uses. The 1,075 square feet of office space includes a reception area and a main office, both equipped with built-in cabinetry for optimal storage and workspace. The property offers ample parking and truck access, making it a highly functional and attractive investment. This NNN-leased property is priced at $4,950,000 and presents a strong return potential due to its strategic location near major transportation routes including I-40, Route 66, and Butler Avenue. The property's combination of office and warehouse space makes it suitable for a variety of light industrial businesses. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.