1340 Rim DrFlagstaff, AZ 86001

Property Details for 1340 Rim Dr

Year built

1985

Construction

STEEL FRAME

Lot size

0.07 AC

Property size (Sq ft)

2,491 SF

Property type

Medical offices

Property subtype

Medical centers

APN

101-01-001M

APU

10101001M

Description

This exceptional 2,491 square foot office building presents a compelling investment or owner-user opportunity in the thriving Flagstaff, Arizona market. Situated on a 0.42-acre lot at 1340 N Rim Drive, this property enjoys a highly desirable location adjacent to Northern Arizona Healthcare (NAH), providing immediate access to a significant patient and employee base. Built in 1982, the building offers a solid foundation for a variety of uses, making it ideal for medical practices, professional offices, or other businesses seeking a prominent presence in this dynamic area. The strategic proximity to NAH significantly enhances the property's value and potential for strong rental income or owner occupancy. The 0.42-acre lot provides ample space for potential expansion or future development, adding further to its long-term investment appeal. This property represents a rare chance to acquire a well-located, established building in a rapidly growing market with significant upside potential. The asking price is $799,000, reflecting the property's prime location and strong potential for return on investment. Serious inquiries are encouraged to explore this exceptional opportunity further. Detailed financial information and property specifics are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $452,586

  6.5%

  $417,772

  7%

  $387,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $383,988

  Geo Method

  $383,988

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,018,190

  Retail / Commercial

  $483,812

  Mixed-Use / Specialty

  $451,899

  Hospitality / Lodging

  $292,241

  Institutional / Educational

  $459,004

  Residential Income

  $537,034

  Multifamily

  $811,446

  Automotive / Energy

  $393,432

  Parking / Income-Based Land

  $165,594

  Restaurant / Food Service

  $170,610

  Healthcare / Senior Housing

  $494,371

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.2103

Longitude

-111.647

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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