Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5256 Stonehouse Dr, Unit 12 Flagstaff, AZ 86005

    View on Map
    Sponsored
    For Sale
    $90,000

    LAND - Flagstaff, AZ

    Lot size:
    1.23 Acres
    Days on Market:
    18
    Last Refresh:
    Mar 14 at 5:06 pm

    Property Features for 5256 Stonehouse Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AR
    APN
    40402035
    Lot size
    1.23 Acres

    We can help!

    Listing Contact
    Nicole Cumbie
    Nicole Cumbie

    Russ Lyon Sotheby's International Realty (928) 779-5966

    Listing agent Nicole Cumbie (928) 301-5845

    Listing date Feb 24, 2026

    MLS# 197856 Listing URL

    Copyright © 2026 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land in Elk Park Meadows

    Located in the Elk Park Meadows subdivision, this 1.23-acre land parcel is suitable for building a cabin. The property is an off-grid parcel, offering a tranquil environment. It is located near Lake Mary and approximately 30 minutes from downtown Flagstaff.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.557575
    Latitude
    35.060803

    Nearby Similar for Sale

    • New
      $925,000
      2,500 SF

      Historic Flagstaff Commercial Building

      Fully occupied, modernized historic building in Flagstaff's southside district.
      117 S San Francisco St, Flagstaff, AZ 86001
      View Details
    • $1,850,000
      4,777 SF

      Historic Route 66 Landmark

      Iconic Flagstaff venue on Historic Route 66.
      3404 Route 66 E, Flagstaff, AZ 86004
      View Details
    • $1,950,000
      6,029 SF

      Downtown Flagstaff Commercial Flex Space

      6,000 SF commercial space in the heart of Flagstaff.
      417 W Santa Fe Ave, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      5,350 SF

      Downtown Flagstaff Restaurant/Bar Opportunity

      Rare restaurant/bar lease with rooftop patio in downtown Flagstaff.
      101 S San Francisco St, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      1,604 SF

      Flagstaff Warehouse with Mezzanine Offices

      Flexible warehouse spaces with mezzanine offices in prime location.
      3111 N Caden Ct, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      1,535 SF

      Flagstaff Office Suite For Sale

      Well-maintained office suite in central Flagstaff, ideal for businesses.
      345 S River Run Rd, Flagstaff, AZ 86001
      View Details
    • $3,695,000
      12,864 SF

      Remodeled Multifamily Investment Opportunity

      19-unit property on 0.89 acres in Flagstaff, Arizona.
      2010 Route 66 E, Flagstaff, AZ 86004
      View Details
    • New
      $3,200,000
      10,200 SF

      Flagstaff Multifamily Investment Opportunity

      Ten-unit Flagstaff residential income property with strong rental history.
      1715 N 1St St, Flagstaff, AZ 86004
      View Details
    • New
      $600,000
      2,070 SF

      Flagstaff Multifamily with Income Potential

      Multifamily property in Flagstaff with income and flexible living.
      3260 Toho Trl, Flagstaff, AZ 86005
      View Details
    • $1,550,000
      3,648 SF

      Historic Downtown Flagstaff Income Property

      Updated income property in Historic Downtown Flagstaff with STR potential.
      309 N Humphreys St, Flagstaff, AZ 86001
      View Details
    • $950,000
      2,400 SF

      Flagstaff Fourplex Near NAU

      Four-unit property near NAU and downtown Flagstaff.
      607 W Tucson Ave, Flagstaff, AZ 86001
      View Details
    • $1,550,000
      3,648 SF

      Historic Downtown Income Property

      Updated income property in the heart of Historic Downtown Flagstaff.
      309 N Humphreys St, Flagstaff, AZ 86001
      View Details

    FAQs

    What type of property is this?
    Land - Off-grid parcel near Lake Mary, 30 minutes from Flagstaff.
    Where is this land located?
    The property is located at 5256 Stonehouse Dr, Unit 12 Flagstaff, AZ.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: - Tranquil, off-grid parcel in Elk Park Meadows offers beauty and serenity.; - Opportunity to build a cabin.; - Escape the heat.
    (928) 301-5845
    Request Owner's contact information
    5256 Stonehouse Dr, Unit 12 Flagstaff, AZ 86005
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5256 Stonehouse Dr, Unit 12
    Flagstaff, AZ 86005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5256 Stonehouse Dr, Unit 12 Flagstaff, AZ 86005
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nicole Cumbie
    Nicole Cumbie
    Real Estate License ID: SA656604000
    (928) 301-5845 (928) 774-3392
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!