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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Medical Office Space
1110 Rte 66 Flagstaff, AZ 86001-4771
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1566693
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1992
Construction
STEEL FRAME
Total area
6,062 SF
Lot
0.12 ac (5,402 SF)
APN
104-05-015
UPID
US07-1566693
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Robert S. Rosenberg, DO Physician
-
Sleep Disorders Center-Flgstff Medical Clinic
-
Veterinary Emergency & Specialty Center of Northern Arizona Veterinary Clinic
-
Rising Moon Recovery Medical Clinic
-
Concentra Urgent Care Occupational Health Service Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$1.16M
Owner & transaction history
Nr Valley Properties LLC · 5 yrs held
Nr Valley Properties LLC
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+25.1%
Restaurant
$1.1M
+10.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Flagstaff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flagstaff submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,320,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,010,000
Current use
AUTO REPAIR, GARAGE
$1,260,000
Change: +25% · Conversion: Difficult
RESTAURANT
$1,120,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$985,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10% · vs last sale $1.00M (Aug 13 2020)
Last sale anchor
$1.00M
Aug 13 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,600
Tax year 2023
Assessed value
$156,287
Assessed 2024
Previous assessed
$158,332
-1.3% YoY
Effective rate
8.70%
On assessed value
Assessed land
$32,287
Assessed improvement
$124,000
Land market value
$195,679
Improvement market value
$751,513
Total market value
$947,192
Applied tax rate
150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,062 SF
Lot
0.12 ac (5,402 SF)
APN
104-05-015
UPID
US07-1566693
Jurisdiction
COCONINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$985,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Nr Valley Properties LLC
Entity
Mailing address
1110 E RTE 66TH #200, FLAGSTAFF, AZ 86001-4771
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2021
—
J C Veterinary Services PLLC
—
Deed
related
$154,990 · Jpmorgan Chase Bank NA
Aug 13, 2020
—
Nr Valley Properties LLC
Jc Veterinary Services PLLC
Quit Claim Deed
related
—
Nov 1, 2019
$1,000,000
Jc Veterinary Services PLLC
Kavanagh J B Family Trust
Grant Deed
$870,000 · Kavanagh Jb Family Trust (pt)
Sep 8, 2011
—
Serendipity Condominiums
Kavanagh Jb Family Trust
Quit Claim Deed
related
—
Apr 6, 2006
—
Kavanagh J B Family Trust
Owner,record
Grant Deed
related
—
Oct 1, 2004
$1,500,000
J B Kavanagh Family Trust
Char Trust
Warranty Deed
—
—
—
Kavanagh,j B Family Trust
—
Deed Of Trust
related
$750,000 · Bruno & Jami Salamone
—
—
Kavanagh,j B Family Trust
—
Deed Of Trust
related
$750,000 · Bruno & Jamie Salamone
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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