Buy With Confidence
Everything a Flagstaff or Northern Arizona buyer should verify before closing: financials, leases, physical condition, zoning, environmental, title, and financing. Mike Konefal, Broker Associate at Coldwell Banker Northland, runs this checklist on every transaction.
928-853-3810 · mike@flagstaffrealestate.com · License SA690466000
Why It Matters
People search for commercial due diligence because they are afraid of four things: Can I afford this? Can I actually use this property for my business? Is this a good investment? And am I about to sign something stupid? A disciplined checklist answers all four before you commit money. In a commercial deal, surprises found after closing are expensive, and surprises found during due diligence are negotiable.
Financials, financing, and the full cost of ownership, verified in writing.
Zoning, entitlements, access, and physical condition checked against your use.
Leases, income, expenses, and market evidence supporting the value.
Title, environmental, and contract review so the risk is priced before closing.
The Checklist
Work through these categories in order, and keep every document, report, and email. Mike manages this process on every Flagstaff and Northern Arizona transaction.
Model cap rate, cash-on-cash, DSCR, and a 5-year projection while you verify the documents, so the numbers and the paperwork tell the same story before you commit.
Use the Investment Property AnalyzerFour Ways to Work With Mike
Whatever your commercial goal, start with the door that fits. Each path links to the detailed guides for that part of the market.
Price it right, market it well, and manage the process through closing.
Explore Sell or Lease Your PropertyAnalyze income property, cap rates, and long-term hold strategies.
Explore Invest in Northern ArizonaHave a commercial real estate question?
Buying, leasing, land and development, investing, or selling: read the direct answers first in the Flagstaff commercial FAQ, then ask Mike about your specific situation.
Due Diligence FAQ
Timelines, environmental risk, title, surveys, and what happens when the inspections find something.
A practical due diligence period on a commercial purchase is commonly 30 to 60 days, depending on the property and the inspections required. Land, buildings with tenants, and special-use property each move at their own pace. Mike structures the contract timeline so the inspections, financial review, zoning check, and financing all fit inside the contingency period.
It depends on the contract. Depending on how the contingencies are written, you may be able to negotiate a credit, require the seller to fix the issue, reprice the offer, or walk away with your earnest money. That is exactly why due diligence happens before closing, and why the contingency language matters as much as the inspection itself.
Not every property needs the same level of environmental review, but the risk is real and the cleanup costs can dwarf the purchase price. A Phase I Environmental Site Assessment identifies recognized environmental conditions, and if it flags a concern, a Phase II with testing follows. Lenders often require at least a Phase I on commercial transactions.
Title insurance protects you against claims or defects in the title that you did not know about at closing, such as liens, encroachments, easements, or ownership disputes. The title company searches the public record and issues a policy, and the commitment lists the exceptions. Reviewing the title commitment early is standard practice in a commercial purchase.
Yes, for most commercial purchases. An ALTA survey maps the property boundaries, improvements, easements, and encroachments, and it is often required by the lender and title company. Survey problems, like a building sitting over the line or an unrecorded easement, are far cheaper to find before closing than after.
Yes. The same checklist applies when you are leasing space, refinancing, or doing your own analysis of an investment opportunity. Mike regularly reviews leases, financials, and property condition for clients across Flagstaff and Northern Arizona, whether they are buying, leasing, or underwriting on their own.
Don't Do It Alone
Mike coordinates the inspections, financial review, zoning checks, and title work on every purchase, so the checklist actually gets completed inside the contingency period, and the findings get negotiated, not ignored.
A direct conversation
Mike replies quickly with straight answers, not scripts.
Real market analysis
Comps, income analysis, cap rates, and deal structure shaped to your goals.
Confidential by default
Off-market opportunities stay off-market until you say otherwise.