Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1704 2nd St Flagstaff, AZ 86004-5008
    Back to Search
    Property profile & analytics

    1704 2nd St, Flagstaff, AZ 86004-5008

    View on Map
    • Office buildings
    • 3,107 SF
    • 0.33 lot acres
    Off-Market
    Last Sale Jan 3, 2020
    $190,000
    Property ID
    US07-1044252
    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

    • Taala Hooghan Infoshop / (Bike/Boat/Book/etc) Store

    Property Details for 1704 2nd St

    Year built
    1957
    Construction
    CONCRETE
    Lot size
    0.33 lot acres
    Property type
    Office buildings
    APN
    107-04-016
    APU
    10704016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 3, 2020 — Benally Klee Benally Klee Quit Claim Deed · related —
    Sep 13, 2012 $190,000 Silei Cmnty Empowerment Projec Arredondo Family Trust Warranty Deed $160k · Arredondo Family Trust
    Sep 13, 2012 — Arredondo Family Trust Joy Public Broadcasting Corps Trustees Deed · related —
    Jul 15, 2009 $1,913 Arredondo Family Trust Joy Public Broadcasting Corp Deed In Lieu Of Foreclosure · related —
    Nov 2, 2000 $250,000 Joy Public Broadcasting Corp Arredondo,joe Grant Deed $225k · Individual
    — — Abel F Estrella — Deed Of Trust · related $26k · Bank One NA

    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
    -111.615
    Latitude
    35.2052
    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
    $6,473
    $21,215
    $82,888
    $104,103
    -
    $141,432
    $552,588
    $694,020

    Comparable in this City

    • Value Estimation
      $765,000
      3,036 SF

      2001 4th St

      OFFICE BUILDING
      2001 4th St, Flagstaff, AZ 86004-4227
      View Details
    • Value Estimation
      $3,600,000
      17,488 SF

      2501 4th St

      OFFICE BUILDING (MULTI-STORY)
      2501 4th St, Flagstaff, AZ 86004-3724
      View Details
    • Value Estimation by Request
      1,973 SF

      2417 4th St

      OFFICE BUILDING (MULTI-STORY)
      2417 4th St, Flagstaff, AZ 86004-3710
      View Details
    • Value Estimation
      $1,215,000
      7,402 SF

      2615 4th St

      OFFICE BUILDING (MULTI-STORY)
      2615 4th St, Flagstaff, AZ 86004-1812
      View Details
    • Value Estimation
      $615,000
      2,790 SF

      2218 Cedar Ave

      OFFICE BUILDING
      2218 Cedar Ave, Flagstaff, AZ 86004-1922
      View Details
    • Value Estimation by Request
      2,703 SF

      2103 Cedar Ave

      OFFICE BUILDING
      2103 Cedar Ave, Flagstaff, AZ 86004-1942
      View Details

    Similar Nearby for Sale

    • $2,500,000
      7,634 SF

      Updated Office Space on Route 66

      Versatile office building in central Flagstaff with high exposure.
      2290 Route 66 E, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      6,700 SF

      Adaptable Property on 2.13 Acres

      Exceptional opportunity for medical, professional, or community-oriented use.
      6401 N Us Highway 89, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      1,604 SF

      Flagstaff Warehouse with Mezzanine Offices

      Flexible warehouse spaces with mezzanine offices in prime location.
      3111 N Caden Ct, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      9,800 SF

      Flagstaff Warehouse/Office Freestanding Facility

      9,800 SF warehouse/office on 1.02 acres with fenced yard.
      2126 N Walgreens St, Flagstaff, AZ 86004
      View Details
    • $2,150,000
      9,800 SF

      Flagstaff Warehouse/Office Facility For Sale

      Freestanding warehouse/office in Flagstaff's Northwoods Business Centre.
      2126 N Walgreens St, Flagstaff, AZ 86004
      View Details
    • $579,750
      1.05 Acres

      Flagstaff Horse Property Opportunity

      1.05-acre horse property to build your custom home.
      5330 E Nordica Loop, Flagstaff, AZ 86004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      569 SF

      Bowling Alley in Flagstaff Mall

      Bowling and entertainment space available inside Flagstaff Mall.
      4650 Us Highway 89 N, Flagstaff, AZ 86004
      View Details
    • Contact for pricing

      Land in Central Gathering Spot

      Land for rent in Flagstaff's central community hub.
      4650 N Us Highway 89, Flagstaff, AZ 86004
      View Details
    • Contact for pricing

      Retail Space on Historic Route

      Retail space available for rent on Route 66.
      3506 Route 66 E, Flagstaff, AZ 86004
      View Details
    • New
      $14,000 /Mo
      4,200 SF

      Light Industrial Facility with Multiple Doors

      Flexible light industrial space with partitioned bay, fenced yard, and multiple overhead doors for warehouse or auto-related use.
      5280 E Gibson Ave, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space Near Flagstaff Mall

      Retail space with high visibility near Flagstaff Mall.
      Sec Marketplace Dr & Mall Way, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      1,509 SF

      Retail Space in New Development

      New retail development in Flagstaff, near NAU and tourist attractions.
      4Th St, Flagstaff, AZ 86004
      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.
    1704 2nd St
    Flagstaff, AZ 86004-5008
    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
    1704 2nd St, Flagstaff, AZ, 86004
    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!