Remodeled 19-Unit Apartment
For Sale
$3,450,000
2010 E Rte 66, Flagstaff, AZ 86004
Commercial Sale, Flagstaff, AZ
Property Size12,864 SF
Lot Size0.90 Acres
Price / SF$268.19
Days on Market566
Property Features for 2010 E Rte 66
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
East On Route 66. Corner of Route 66 and Arrowhead
Subdivision
460 - E Rt 66 Industrial
Standard status
Active
APN
10706002e
Size
12,864 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SIXTEENTH: NW QUARTER: SE SECTION: 14 TOWNSHIP: 21N RANGE: 07E BEG AT INTERSECT NWLY R/W HWY 66 & SWLY R/W ARROWHEAD AVE
Tax Annual Amount
9520
Legal Description
SIXTEENTH: NW QUARTER: SE SECTION: 14 TOWNSHIP: 21N RANGE: 07E BEG AT INTERSECT NWLY R/W HWY 66 & SWLY R/W ARROWHEAD AVE
Listing Agency:
da Vinci Realty
(928) 779-3800
Listed By:
Mark T Belsanti · License #SA104226000
(928) 254-1770
Added: Mar 21, 2025
Changed: Oct 2
Last Checked: Oct 7 at 5:06PM
MLS# 200078
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.
Investment Insights
Based on property information with market context.
The property comprises 19 apartment units across four updated buildings, totaling 12,864 square feet. The improvements have been fully remodeled, creating a cohesive multifamily configuration suitable for continued residential operation.
Located at 2010 E Rte 66 in Flagstaff, the property sits at a high-traffic, signalized intersection. Mixed-use zoning provides a broader land-use framework than a strictly residential designation, while the four-building layout organizes the asset into distinct structures.
Located at 2010 E Rte 66 in Flagstaff, the property sits at a high-traffic, signalized intersection. Mixed-use zoning provides a broader land-use framework than a strictly residential designation, while the four-building layout organizes the asset into distinct structures.
Key Highlights
- 19‑unit apartment property with 12,864 square feet
- Four updated buildings across the property
- Fully remodeled improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,887
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,177,740
$2.2M
Cap Rate 7%
$1,555,529
$1.6M
Cap Rate 9%
$1,209,856
$1.2M
Market Conditions
NOI Build-Up for 12,864 SF
Gross rent
$208.4K $16.20/SF
− Vacancy
−$10.4K −$0.81/SF
EGI
$198.0K $15.39/SF
− OpEx
−$89.1K −$6.93/SF
NOI
$108.9K $8.46/SF
Area
Coconino County, AZ
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,177,740
Cap Rate 7%
$1,555,529
Cap Rate 9%
$1,209,856
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.81M
NOI $108,887 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
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.
Property Analytics
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Current Use
Lease Details
19
Residential units
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Four updated buildings offer a cohesive multifamily asset with mixed-use zoning 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 with 12,864 square feet; Four updated buildings across the property; Fully remodeled improvements
