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2290 E Route 66 7,634 SF 100% Leased Office Building Flagstaff, AZ 86004 $3,417,350 CAD ($447.65 CAD/SF) 5.71% Cap Rate
Investment Highlights
- High-visibility frontage along Route 66, a central Flagstaff location within a growing commercial corridor
- Private, fenced parking lot with ample spaces for employees, clients, or customers
- Flexible office layout with multiple possible configurations for owner use, investment strategy, or dual tenancy
- Completely renovated interior in 2021, with updated systems including new HVAC, fire suppression system, and security system
Executive Summary
Positioned in central Flagstaff along the highly trafficked Route 66 corridor, this property offers exceptional visibility and access within one of the city’s most active commercial growth areas. Surrounded by ongoing development and established businesses, the location provides strong exposure for a wide range of commercial uses. Thoughtfully renovated in 2021 into professional office space, this building blends character with functionality. The flexible layout is well-suited for an owner-user or investor seeking adaptable space that can support a variety of business operations. The main level features a reception area and open-concept workspace, ideal for collaborative environments or client-facing operations. The upper level includes multiple private offices, providing separation for executive or administrative use. Additional improvements include three restrooms, two newer HVAC units, a security/alarm system, and a durable metal roof—offering both efficiency and reduced long-term maintenance. The property offers a private, fenced parking lot located directly adjacent to the building, delivering ample on-site parking—an increasingly valuable asset in this submarket. An existing lease is in place with approximately two years remaining; however, the tenant has flexibility to vacate, presenting a compelling opportunity for an owner-occupant to take full control of the property if desired. Owner is a licensed real estate agent in the state of AZ.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$188,762
|
$24.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$188,762
|
$24.73
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $188,762 |
| Annual Per SF | $24.73 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $188,762 |
| Annual Per SF | $24.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,634 SF
Building Class
B
Year Built/Renovated
1988/2020
Price
$3,417,350 CAD
Price Per SF
$447.65 CAD
Cap Rate
5.71%
NOI
$195,199 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
3,817 SF
Building FAR
0.43
Lot Size
0.41 AC
Zoning
Highway Commercial - HC-Highway Commercial
Parking
38 Spaces (5.34 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 107-04-021B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $329,868 CAD |
Property Taxes
Parcel Number
107-04-021B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$329,868 CAD
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Presented by
Lori Zeoli
2290 E Route 66
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