Five decision-focused commercial real estate checklists, written out in full and ready to save as PDF or print. Run any deal through them before you sign, buy, or commit, then bring the questions to Mike for the local read.
These are practical education tools, not legal, tax, or appraisal advice. Each one has a CTA at the bottom to have Mike review the details of your specific deal.
A commercial lease is a decades-long relationship written in fine print. Before you sign, run the deal through every line below so the number you were quoted is the number you actually pay.
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Want the deeper review?
Send the details to Mike and he will go through flagstaff commercial lease checklist line by line with local context, no obligation.
For buyers purchasing an owner-user or investment commercial property
Buying commercial real estate is buying a business, not a building. Work the deal top to bottom before you write an offer so the price reflects the real risk and the real return.
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Want the deeper review?
Send the details to Mike and he will go through commercial property buyer checklist line by line with local context, no obligation.
For buyers evaluating raw or entitled commercial land
Land looks simple because nothing is built yet, but the risk hides in what you cannot see. Due diligence on dirt is about proving what you can actually build and what it will cost.
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Want the deeper review?
Send the details to Mike and he will go through commercial land due diligence checklist line by line with local context, no obligation.
Good investors do the math before they fall in love. Run every line below to see what a property actually returns, not just what it costs, then stress-test the assumptions.
Every owner eventually asks what the building is worth. The honest answer is not one number; it is a range built from income, comparable sales, and condition. Here is what goes into that read.
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Want the deeper review?
Send the details to Mike and he will go through what is my commercial property worth? line by line with local context, no obligation.
Commercial real estate questions, answered straight
What is the difference between a gross lease and a triple net (NNN) lease?
In a gross lease the rent is all-in and the landlord typically covers most operating expenses. In a triple net lease the tenant pays property taxes, insurance, and common-area maintenance on top of base rent. A modified gross lease sits between the two. Knowing which structure you are signing is the first step to knowing your real monthly cost.
What is a cap rate in commercial real estate?
A cap rate is the net operating income of a property divided by its purchase price, expressed as a percentage. It gives you a quick read on the return a property generates relative to its price. Lower cap rates usually mean a stronger, lower-risk property in a stronger market; higher cap rates usually mean more return but more risk.
Should I use a checklist before signing a commercial lease or buying a commercial property?
Yes. A checklist forces you to verify rent math, operating expenses, zoning, condition, environmental issues, and financing before you commit. It turns a sales conversation into a disciplined review and is the best protection against surprises after you sign or close.
Does Mike handle commercial real estate in Flagstaff?
Yes. Mike Konefal, Broker Associate at Coldwell Banker Northland, works Northern Arizona commercial and residential real estate. He can run a practical owner-focused valuation review and help tenants, buyers, land buyers, and investors work through these checklists with local context.
The Flagstaff Property Experts network
This is one side of one desk.
Mike's full hub site, Flagstaff Property Experts, carries the live market reports, current listings, and deeper commercial content that pair with these checklists. Two sites, one local resource.
Any line on any checklist you are unsure about, Mike will answer with your numbers and your deal in mind. The answer costs nothing and takes one message.