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515 N Beaver St 4,052 SF Office Building Flagstaff, AZ 86001 $1,450,000 ($357.85/SF)
Investment Highlights
- Rare signature office asset located just north of downtown Flagstaff
- Fully leased front section providing immediate and predictable cash flow
- Flexible investment profile ideal for investors, owner-users, or hybrid strategies
- One of the few available office properties offering both stabilized income and near-term upside
- Rear section available for lease-up or owner occupancy, creating clear value-add potential
- Supply-constrained Flagstaff market with limited competing product
Executive Summary
Positioned just north of downtown Flagstaff, this distinctive, iconic office building represents a rare opportunity in one of Northern Arizona’s most supply-constrained submarkets. The building offers a highly desirable combination of stabilized income and future flexibility, making it well-suited for investors, owner-users, or hybrid occupancy strategies. The front portion of the building is fully leased, providing immediate cash flow and long-term stability. The rear section presents a unique opportunity for an owner to occupy or lease additional space, allowing for operational growth, value enhancement, or phased investment deployment. Designed as a true signature office building, the property stands out for its professional presence, visibility, and proximity to downtown amenities, major employment centers, and regional transportation corridors. Opportunities of this caliber—offering both secured tenancy and vacant or near-vacant space within the same asset—are few and far between in the Flagstaff market.
This is an exceptional opportunity to acquire a high-quality office property with built-in flexibility in a proven and highly desirable location.
This is an exceptional opportunity to acquire a high-quality office property with built-in flexibility in a proven and highly desirable location.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$29.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,000
|
$1.48
|
| Effective Gross Income |
$114,000
|
$28.13
|
| Taxes |
$10,143
|
$2.50
|
| Operating Expenses |
$14,783
|
$3.65
|
| Total Expenses |
$24,926
|
$6.15
|
| Net Operating Income |
$89,074
|
$21.98
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $29.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.48 |
| Effective Gross Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $28.13 |
| Taxes | |
|---|---|
| Annual | $10,143 |
| Annual Per SF | $2.50 |
| Operating Expenses | |
|---|---|
| Annual | $14,783 |
| Annual Per SF | $3.65 |
| Total Expenses | |
|---|---|
| Annual | $24,926 |
| Annual Per SF | $6.15 |
| Net Operating Income | |
|---|---|
| Annual | $89,074 |
| Annual Per SF | $21.98 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
4,052 SF
Building Class
B
Year Built/Renovated
1986/2026
Price
$1,450,000
Price Per SF
$357.85
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,026 SF
Building FAR
0.57
Lot Size
0.16 AC
Zoning
CC - Residential, retail, educational, governmental, office uses.
Amenities
- 24 Hour Access
- Security System
- Signage
- Wheelchair Accessible
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Balcony
- Smoke Detector
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 100-03-016 | Total Assessment | $197,642 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $10,143 ($2.50/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
100-03-016
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$197,642 (2025)
Annual Taxes
$10,143 ($2.50/SF)
Tax Year
2026
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515 N Beaver St
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