Remodeled 19-Unit Apartment
For Sale
$3,450,000
2010 E Rte 66, Flagstaff, AZ 86004
Four updated buildings support an income-producing multifamily asset at a signalized intersection.
Property Size12,864 SF
Lot Size0.89 Acres
Price / SF$268.19
Days on Market612
Property Features for 2010 E Rte 66
General Information
Standard status
Active
Size
12,864 SF
Lot size
0.89 Acres
Property subtype
Commercial
Additional Details
Multifamily Units
19
Building Details
Buildings
4
Listing Agency:
da Vinci Realty
Listed By:
Mark T Belsanti · License #SA104226000
(928) 779-3800
Source:
Searchflagstaffhouses
Added: Feb 11, 2025
Changed: Oct 1
Last Checked: Oct 14 at 11:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of da Vinci Realty
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Investment Insights
Based on property information with market context.
This 19-unit apartment property spans 12,864 square feet across four updated buildings on 0.89 acres. The improvements have been fully remodeled and are currently income-producing, providing an established multifamily configuration at 2010 E Rte 66.
The property occupies a signalized intersection in Flagstaff and carries mixed-use zoning. The stated zoning and site configuration provide a basis to evaluate continued apartment operations alongside potential hospitality, office, or retail applications.
The property occupies a signalized intersection in Flagstaff and carries mixed-use zoning. The stated zoning and site configuration provide a basis to evaluate continued apartment operations alongside potential hospitality, office, or retail applications.
Key Highlights
- 19‑unit apartment property totaling 12,864 square feet
- Four updated buildings on 0.89 acres
- Fully remodeled improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,579
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,971,580
$3.0M
Cap Rate 7%
$2,122,557
$2.1M
Cap Rate 9%
$1,650,878
$1.7M
Market Conditions
NOI Build-Up for 12,864 SF
Gross rent
$270.1K $21.00/SF
− Vacancy
−$32.4K −$2.52/SF
EGI
$237.7K $18.48/SF
− OpEx
−$89.1K −$6.93/SF
NOI
$148.6K $11.55/SF
Area
Coconino County, AZ
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,971,580
Cap Rate 7%
$2,122,557
Cap Rate 9%
$1,650,878
Alternative Uses
Best Use
Mixed Use
$2.12M
$1.86M – $2.48M
NOI $148,579 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$1.56M
$1.36M – $1.81M
NOI $108,887 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$3.56M
$3.11M – $4.15M
NOI $248,947 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 86004, AZ
38,451
Population
16,550
Households
2.3
Avg Household Size
37
Median Age
44%
College-Educated
95%
High-School Grad
914.5 sq mi
ZIP Area
42
Density / Sq Mi
$77,486
Median Household Income
$42,659
Median Earnings
$1,611
Median Rent
$464,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four updated buildings support an income-producing multifamily asset at a signalized intersection.
Where is this apartment building located?
The property is located at 2010 E Rte 66 Flagstaff, AZ.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 19‑unit apartment property totaling 12,864 square feet; Four updated buildings on 0.89 acres; Fully remodeled improvements
