Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1515 Yale St Flagstaff, AZ 86001-6334
    Back to Search
    Property profile & analytics

    1515 Yale St, Flagstaff, AZ 86001-6334

    View on Map
    • Apartment buildings
    • 870 SF
    • 4.14 lot acres
    Off-Market
    Property ID
    US07-3329082
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Aspen Leaf / Apartment Building / Apartment Complex

    Property Details for 1515 Yale St

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    4.14 lot acres
    Property type
    Apartment buildings
    APN
    103-20-059C
    APU
    10320059C

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 20, 2023 — Brookside LLC — Deed · related $5.3M · Pinnacle Bank
    May 12, 2006 $5,200,000 Brookside LLC Heritage House Forest Heights Grant Deed —
    — — Brookside LLC — Deed Of Trust · related $2.6M · Arizona Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.664
    Latitude
    35.1858
    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
    $57,743
    $145,713
    $1,315,370
    $1,461,083
    -
    $1,457,131
    $13,153,696
    $14,610,827

    Comparable in this City

    • Value Estimation
      $785,000
      7,488 SF

      550 Windsor Ln

      APARTMENT HOUSE (100+ UNITS)
      550 Windsor Ln, Flagstaff, AZ 86001-4907
      View Details
    • Value Estimation
      $1,275,000
      11,657 SF

      215 Phoenix Ave

      APARTMENT HOUSE (100+ UNITS)
      215 Phoenix Ave, Flagstaff, AZ 86001-5582
      View Details
    • Value Estimation
      $530,000
      2,105 SF

      997 Pne Knl Dr

      APARTMENT HOUSE (100+ UNITS)
      997 Pne Knl Dr, Flagstaff, AZ 86001-3156
      View Details
    • Value Estimation
      $1,250,000
      11,610 SF

      927 Frst Mdws St

      APARTMENT HOUSE (100+ UNITS)
      927 Frst Mdws St, Flagstaff, AZ 86001-8501
      View Details
    • Value Estimation by Request
      6,493 SF

      555 Frst Mdws St

      APARTMENT HOUSE (100+ UNITS)
      555 Frst Mdws St, Flagstaff, AZ 86001-3600
      View Details
    • Value Estimation by Request
      4,160 SF

      102 Wc Riles St

      APARTMENT HOUSE (5+ UNITS)
      102 Wc Riles St, Flagstaff, AZ 86001-5763
      View Details

    Similar Nearby for Sale

    • $1,550,000
      3,648 SF

      Historic Downtown Income Property

      Updated income property in the heart of Historic Downtown Flagstaff.
      309 N Humphreys St, Flagstaff, AZ 86001
      View Details
    • $1,550,000
      3,648 SF

      Historic Downtown Flagstaff Income Property

      Updated income property in Historic Downtown Flagstaff with STR potential.
      309 N Humphreys St, Flagstaff, AZ 86001
      View Details
    • $950,000
      2,400 SF

      Flagstaff Fourplex Near NAU

      Four-unit property near NAU and downtown Flagstaff.
      607 W Tucson Ave, Flagstaff, AZ 86001
      View Details
    • $1,500,000
      3,366 SF

      Downtown Flagstaff Modern Duplex

      Rare newer construction duplex in downtown Flagstaff with modern design.
      11 E Sullivan Ave, Flagstaff, AZ 86001
      View Details
    • $1,200,000

      Flagstaff Duplex: Income Opportunity

      Income-producing duplex near downtown Flagstaff with private garages and backyards.
      1 E Terrace Ave, Flagstaff, AZ 86001
      View Details
    • $1,200,000
      2,470 SF

      Flagstaff Duplex: Income Opportunity

      Income-producing duplex near downtown Flagstaff with garages and private yards.
      1 E Terrace Ave, Flagstaff, AZ 86001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Flagstaff Professional Office Space

      Professional office space in downtown Flagstaff near courthouse.
      223 N San Francisco St, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      740 SF

      Retail Space in Aspen Place

      Retail space available in Flagstaff's Aspen Place at The Sawmill.
      319 Regent St, Flagstaff, AZ 86001
      View Details
    • $45,900
      1,700 SF

      Prime Retail Space, Flagstaff, AZ

      High-traffic retail space for lease near Northern Arizona University.
      103 S Milton Rd, Flagstaff, AZ 86001
      View Details
    • $26,400
      1,100 SF

      Professional Office Space Available

      1,100 SF office space near Flagstaff Medical Center.
      914 N San Francisco St, Flagstaff, AZ 86001
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Spacious retail space in high-traffic Flagstaff location.
      103 S Milton Rd, Flagstaff, AZ 86001
      View Details
    • Contact for pricing

      Furnished Office Space in Downtown

      Modern, all-inclusive coworking space in historic downtown Flagstaff.
      111 E Aspen Ave, 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.
    1515 Yale St
    Flagstaff, AZ 86001-6334
    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

    Thank You for Inquiry
    1515 Yale St, Flagstaff, AZ, 86001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!