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Property profile & analytics
OFF-MARKET
Estimated value
$11,670,000
Retail properties & Spaces
1416 Rte 66 Flagstaff, AZ 86001-4820
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-3334165
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1995
Total area
51,770 SF
Lot
4.94 ac (215,186 SF)
APN
104-06-008C
UPID
US07-3334165
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
-
Big Lots Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.57M
CAP Approach
CAP
$9.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.67M
Owner & transaction history
Hawthorne Apartments LLC · 1 yrs held
Hawthorne Apartments LLC
since 2024
Last sale
$11.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.8M
+130.5%
Restaurant
$9.6M
+104.3%
Medical building
$8.6M
+84.4%
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
$14,455,000
ML approach
$10,565,000
CAP Approach
CAP Return
Estimation
6%
$10,435,000
6.5%
$9,635,000
7%
$8,945,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,780,000
Change: +131% · Conversion: Difficult
RESTAURANT
$9,555,000
Change: +104% · Conversion: Easy
MEDICAL BUILDING
$8,620,000
Change: +84% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,390,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$11.67M
Range $10.50M – $12.84M · ±10% · vs last sale $11.84M (Apr 25 2022)
Last sale anchor
$11.84M
Apr 25 2022
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
$225 / 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
$111,671
Tax year 2023
Assessed value
$1,717,545
Assessed 2024
Previous assessed
$1,717,545
+0.0% YoY
Effective rate
6.50%
On assessed value
Assessed land
$378,846
Assessed improvement
$1,338,699
Land market value
$2,296,035
Improvement market value
$8,113,327
Total market value
$10,409,362
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Total area
51,770 SF
Lot
4.94 ac (215,186 SF)
APN
104-06-008C
UPID
US07-3334165
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
AUTO REPAIR, GARAGE
Est. value
$10.8M
RESTAURANT
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$8.6M
INDUSTRIAL (GENERAL)
Est. value
$8.4M
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
1995
Heating
NONE
Stories
1
Lot
4.94 ac
Current owner
From public records · entity-resolved
Hawthorne Apartments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
42 TAMARADE DR, LITTLETON, CO 80127-3515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2024
—
Hawthorne Apartments LLC
Canyon 66 Holdings LLC
Re-recorded Document
related
—
Apr 25, 2022
$11,843,600
Hawthorne Apartments LLC
Canyon 66 Holdings LLC
Special Warranty Deed
—
Dec 4, 2020
$2,500,000
Canyon 66 Holdings LLC
1416 Route 66 Eat LLC
Special Warranty Deed
$6,156,000 · Stearns Bank NA
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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