Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    111 Aspen Ave Flagstaff, AZ 86001

    • Investment properties
    • 3,422 SF
    • 0.07 lot acres
    For Lease
    View listing
    $5,940 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0244218
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Western Vistas Property Management / Property Management Company
    • da Vinci Realty LLC / Industrial Real Estate Agency / Real Estate Agency
    • Click Co+Work / Coworking Space
    • John's Picks / Travel Agency
    • Payal Desai Designs / Interior Designer

    Property Details for 111 Aspen Ave

    Year built
    1945
    Construction
    CONCRETE
    Lot size
    0.07 lot acres
    Property size
    3,422 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    101-21-016D
    APU
    10121016D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.647
    Latitude
    35.1978
    CBSA code
    22380
    CBSA name
    FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,523
    $11,447
    $91,492
    $102,939
    -
    $69,375
    $554,494
    $623,869

    Comparable in this City

    • Value Estimation
      $1,105,000
      7,013 SF

      1140 Kaibab Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 7,013 SF
      1140 Kaibab Ln, Flagstaff, AZ 86001-6217
      View Details
    • Value Estimation
      $545,000
      3,282 SF

      416 Kendrick St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,282 SF
      416 Kendrick St, Flagstaff, AZ 86001-1598
      View Details
    • Value Estimation
      $3,670,000
      19,072 SF

      120 Leroux St

      OFFICE/RESIDENTIAL (MIXED USE) • 19,072 SF
      120 Leroux St, Flagstaff, AZ 86001-4544
      View Details
    • Value Estimation
      $2,375,000
      6,223 SF

      109 Phoenix Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,223 SF
      109 Phoenix Ave, Flagstaff, AZ 86001-5735
      View Details
    • Value Estimation
      $2,720,000
      13,775 SF

      930 Switzer Cyn Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 13,775 SF
      930 Switzer Cyn Dr, Flagstaff, AZ 86001-4824
      View Details
    • Value Estimation
      $1,325,000
      9,795 SF

      14 Birch Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,795 SF
      14 Birch Ave, Flagstaff, AZ 86001-4602
      View Details

    Similar Nearby for Sale

    • $200,000
      1,100 SF

      Flagstaff Pizza Restaurant - Turnkey

      Established Pizza Business, Prime Location
      1417 Plaza Way, Flagstaff, AZ 86001
      View Details
    • $1,000,000
      3 SF

      Flagstaff Commercial Investment Opportunity

      Prime commercial space in Flagstaff with high visibility and flexibility.
      207 S Beaver St, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      12.71 Acres

      Flagstaff Industrial Land - 12.71 Acres

      Prime Flagstaff location, mixed-use potential, freeway access.
      1600 Butler Ave, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      2,319 SF

      Downtown Flagstaff Retail Space

      Prime Commercial Location, 2319 SF Available
      123 Birch Ave, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      2,152 SF

      Flagstaff Commercial Space For Lease

      Prime Location, Versatile Space, Sublease Available
      1585 Plaza Way, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      785 SF

      Downtown Flagstaff Office Space

      Prime Office, 785 sq ft, Two Parking Spaces
      617 Humphreys St, Flagstaff, AZ 86001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Flagstaff Retail Pads For Lease

      Retail pads available for ground lease with drive-thru potential.
      1300 S Milton Rd, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      1,320 SF

      High Visibility Retail Endcap Space

      1,320 SF retail space in a vibrant Flagstaff hub.
      2080 S Milton Rd, Flagstaff, AZ 86001
      View Details
    • $24 SF/Yr
      2,516 SF

      LIB SQ Office Suites, Flagstaff, AZ

      Prime Flagstaff Medical Office Space
      914 San Francisco St, Flagstaff, AZ 86001
      View Details
    • $24 SF/Yr
      4,604 SF

      Route 66 Office/Retail Space

      New Construction, Prime Location, High Traffic
      800 Route 66, Flagstaff, AZ 86001
      View Details
    • $16 SF/Yr
      9,321 SF

      Flagstaff Office Space Available

      Prime Flagstaff location, retail & office space.
      555 Forest Meadows St, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Woodlands Village

      Retail space in a major Flagstaff community center.
      2710 S Woodlands Village Blvd, Flagstaff, AZ 86001
      View Details
    Request Owner's contact information
    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.
    111 Aspen Ave
    Flagstaff, AZ 86001
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.