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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office buildings
1501 Yale St Flagstaff, AZ 86001-7304
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3201624
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
2,880 SF
Lot
0.32 ac (13,939 SF)
APN
103-20-068A
UPID
US07-3201624
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
-
Sherman Terri Physician
-
AEC Printing (Bike/Boat/Book/etc) Store Printing Service
-
Northern Arizona Home Health Nursing Agency Home Health Care Service
-
Wise Irene M Medical Clinic
-
Flagstaff Pediatric Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
Patrick E Padrnos · 4 yrs held
Patrick E Padrnos
since 2022
Last sale
$710,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+23.0%
Commercial (general)
$1.1M
+22.1%
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
$865,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$935,000
Current use
WAREHOUSE, STORAGE
$1,150,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,140,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$855,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $710k (May 4 2022)
Last sale anchor
$710k
May 4 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
$248 / 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
$7,129
Tax year 2023
Assessed value
$108,501
Assessed 2024
Previous assessed
$110,359
-1.7% YoY
Effective rate
6.57%
On assessed value
Assessed land
$33,242
Assessed improvement
$75,259
Land market value
$201,464
Improvement market value
$456,113
Total market value
$657,577
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,880 SF
Lot
0.32 ac (13,939 SF)
APN
103-20-068A
UPID
US07-3201624
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
OFFICE BUILDING Current
Est. value
$935,000
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$855,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2003
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Patrick E Padrnos
Individual
Mailing address
4141 N ZERMATT WAY, FLAGSTAFF, AZ 86004-2268
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
—
Patrick E Padrnos
Patrick E Padrnos
Intrafamily Transfer
related
—
Oct 9, 2009
—
Rossmoor LLP
Yale Plaza LLC
Quit Claim Deed
related
—
Oct 9, 2009
$870,561
Martin Realty LLC
Rossmoor LLP
Warranty Deed
related
$583,000 · Alliance Bank Of Arizona
Sep 19, 2008
—
Patrick Padrnos
Miller,t A
Warranty Deed
related
—
Sep 2, 2008
$710,000
Patrick Padrnos
Miller,t A
Warranty Deed
—
Aug 31, 2007
$604,800
T A Miller
Yale Plaza LLC
Warranty Deed
—
Aug 31, 2007
$350,500
Yale Plaza LLC
Miller,t A
Warranty Deed
—
—
—
Yale Plaza LLC
—
Deed Of Trust
related
$167,000 · Ernest M & Kathryn L Montoya
—
—
Padrnos,patrick & Chevon
—
Deed Of Trust
related
$340,000 · National Bk/az
—
—
Yale Plaza LLC
—
Deed Of Trust
related
$237,400 · National Bank Arizona
—
—
Yale Plaza LLC
—
Deed Of Trust
related
$1,050,000 · Rossmoor LLP
—
—
Yale Plaza LLC
—
Deed Of Trust
related
$40,000 · Rossmoor LLP
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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