Historic Route 66 Bar &
For Sale
$1,850,000
3404 E Route 66, Flagstaff, AZ 86004
National Register listing and rustic log construction distinguish this Flagstaff hospitality property.
Property Size4,777 SF
Lot Size1.42 Acres
Price / SF$387.27
Days on Market446
Property Features for 3404 E Route 66
General Information
Standard status
Active
Size
4,777 SF
Lot size
1.42 Acres
Property subtype
General Commercial
Additional Details
Furnished
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$17,355
Amenities
3
Building Details
Year Built
1931
Buildings
1
Construction
log
Listing Agency:
da Vinci Realty
(928) 779-3800
Listed By:
Mark Belsanti · License #SA104226000
(928) 779-3800
Source:
Xome
Added: Jun 12, 2025
Changed: Aug 29
Last Checked: Aug 30 at 1:25PM
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
Investment Insights
Based on property information with market context.
The Museum Club is a 4,777-square-foot bar and pub occupying a 1.42-acre parcel at 3404 E Route 66 in Flagstaff. Built in 1931 as a taxidermy museum, the structure features substantial log construction and rustic detailing. Its established format has included saloon, dance hall, and live music functions, with the trade name, FF&E, and historic signage included in the sale.
The property is positioned along Historic Route 66 and carries Highway Commercial zoning. It is listed on the National Register of Historic Places, providing a documented historic identity tied to the building’s long-standing entertainment use. The current tenant has indicated a willingness to vacate upon sale, allowing the next owner to retain the existing operation or reposition the premises for another supported use such as a restaurant, brewery, event space, or entertainment venue.
The property is positioned along Historic Route 66 and carries Highway Commercial zoning. It is listed on the National Register of Historic Places, providing a documented historic identity tied to the building’s long-standing entertainment use. The current tenant has indicated a willingness to vacate upon sale, allowing the next owner to retain the existing operation or reposition the premises for another supported use such as a restaurant, brewery, event space, or entertainment venue.
Key Highlights
- 4,777 SF building on a 1.42‑acre parcel
- Listed on the National Register of Historic Places
- Constructed in 1931 with massive log architecture
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,347
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,406,940
$1.4M
Cap Rate 7%
$1,004,957
$1.0M
Cap Rate 9%
$781,633
$781.6K
Market Conditions
NOI Build-Up for 4,777 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.3K $21.00/SF
− Vacancy
−$6.5K −$1.37/SF
EGI
$93.8K $19.64/SF
− OpEx
−$23.4K −$4.91/SF
NOI
$70.3K $14.73/SF
Area
Coconino County, AZ
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,406,940
Cap Rate 7%
$1,004,957
Cap Rate 9%
$781,633
Alternative Uses
Best Use
Specialty Retail
$1.00M
$879.3K – $1.17M
NOI $70,347 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,446 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
112k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 36%
Hotels & Casinos 11%
Home Improvements & Furnishings 11%
Jack in the Box
Dining
17,148 visits/mo
0.2 miles
Burger King
Dining
14,665 visits/mo
0.1 miles
Taco Bell
Dining
11,246 visits/mo
0.0 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,074 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
9,666 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Museum Club — 3404 E Rte 66, Flagstaff, AZ 86004
Frequently Asked Questions
What type of property is this?
Bar & Pub - National Register listing and rustic log construction distinguish this Flagstaff hospitality property.
Where is this bar & pub located?
The property is located at 3404 E Route 66 Flagstaff, AZ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 4,777 SF building on a 1.42‑acre parcel; Listed on the National Register of Historic Places; Constructed in 1931 with massive log architecture
