405 Beaver StFlagstaff, AZ 86001

Property Details for 405 Beaver St

Year built

1989

Construction

STEEL FRAME

Lot size

0.36 AC

Property size (Sq ft)

8,115 SF

Property type

Office properties

Property subtype

Office buildings

APN

100-04-001A

APU

10004001A

Description

This 665-square-foot warehouse space, located at 405 N Beaver St Unit #4 in Flagstaff, Arizona (Coconino County, APN 10004001a), offers a unique opportunity for a single-tenant business. The property is a three-story building with the warehouse situated on the first floor. The space previously housed Connect Hearing Flagstaff and features three individual offices, a waiting room, a storage area with a sink, and space suitable for preparing light meals. This layout is well-suited for a variety of professional uses, including but not limited to attorneys, insurance agents, real estate agents, accountants, or entrepreneurs. The space comfortably accommodates 3-6 people, depending on the configuration. Its convenient location offers easy access to downtown Flagstaff, with a five-minute walk to the courthouse and the city center. Interstate 40 is also just six minutes away. Ample parking is available. The lease is a modified gross lease with a monthly rent of $30.00. The lease expires January 31, 2025. This is a cost-effective and well-located space perfect for a growing business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,300,943

  6.5%

  $1,200,871

  7%

  $1,115,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,250,927

  Geo Method

  $1,250,927

• Alternative Use

  Use

  Valuation

  Residential

  $1,489,080

  Hospitality

  $1,363,989

  Educational

  $1,134,823

  Medical

  $1,173,851

  Retail

  $1,765,280

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.2019

Longitude

-111.649

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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