617 Humphreys StFlagstaff, AZ 86001

Property Details for 617 Humphreys St

Year built

1993

Construction

STEEL FRAME

Lot size

0.16 AC

Property size (Sq ft)

2,618 SF

Property type

Office properties

Property subtype

Office buildings

APN

101-07-013A

APU

10107013A

Description

This exceptional 850-square-foot office suite is ideally situated in downtown Flagstaff, offering a prime location for businesses seeking a professional and convenient workspace. The property, located in a two-story building constructed in 1993, features a single-tenant occupancy, ensuring privacy and control. The layout includes two private offices, a spacious lobby/waiting area perfect for client interaction, and a large reception workstation, enhancing operational efficiency. Two dedicated parking spaces are included, providing ample convenience for staff and visitors. The monthly rent is $1800, with a security deposit of $2000 required. A minimum two-year lease term is preferred. Utilities are divided between tenant and landlord responsibilities: tenants are responsible for electricity, phone, and internet services, while the landlord covers water, sewer, and trash removal. Please note that this space is not suitable for hair, nail, or lash salons. The property's address is conveniently located near Columbus Street in Coconino County, and its APN is 10107013A. This is a fantastic opportunity to establish a presence in a vibrant downtown Flagstaff location. The building consists of one building with a total of two parking spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $419,700

  6.5%

  $387,416

  7%

  $359,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $403,565

  Geo Method

  $403,565

• Alternative Use

  Use

  Valuation

  Residential

  $480,396

  Hospitality

  $440,040

  Educational

  $366,108

  Medical

  $378,699

  Retail

  $569,501

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.2044

Longitude

-111.649

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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