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Property profile & analytics
OFF-MARKET Estimated value $1,450,000
Office buildings

408 Kendrick St Flagstaff, AZ 86001-1582

6,182 SF 0.31 ac lot Built 1995
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US07-0181019
Property summary
AI-generated overview

This exceptional 1,443 square foot commercial office space is ideally situated at the edge of downtown Flagstaff, Arizona. The two-story suite boasts five private offices (four upstairs, one on the entry level), a convenient breakroom/kitchenette, and two private bathrooms (one upstairs with a shower, one downstairs). A dedicated receptionist and waiting area provide a professional first impression. Recently remodeled, the suite features modern amenities including air conditioning. The building offers ample parking, enhancing convenience for both employees and clients. Its prime location near schools, shopping, and restaurants ensures high visibility and accessibility. The property also benefits from excellent curb appeal and prominent monument signage on two sides, as well as signage directly in front of the suite entrance. The lease is a Net-Net-Net (NNN) agreement, with a base rent of $18 per square foot annually, plus $5 per square foot annually for NNN/CAMs, resulting in a total annual rent of $42,765.80, plus a $71.39 annual rental tax. This presents a fantastic opportunity for businesses seeking a well-appointed and strategically located office space in the vibrant Flagstaff market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1995
Construction STEEL FRAME
Total area 6,182 SF
Lot 0.31 ac (13,400 SF)
APN 100-04-012
UPID US07-0181019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hogg James A Physician Medical Clinic
  • Steven C. Finger, PH Physician Medical Clinic
  • Flagstaff Counseling Center Counselor
  • Massage Flagstaff Alternative Medicine Practice Spa & Massage Center
  • Mahoney Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.40M
Comparable Approach Comparable
$998k
Blend (final) Blend
$1.45M
Owner & transaction history
Glen Gage Group INC · 16 yrs held
Glen Gage Group INC
since 2009
6 recorded transactions
2009
$950,000
2000
$638,000
1999
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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