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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office Spaces
2155 State Rte 89th Ste 108, Sedona, AZ 86336-5469
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1343934
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1984
Construction
CONCRETE
Total area
27,342 SF
Lot
0.01 ac (436 SF)
APN
408-36-008
UPID
US07-1343934
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$462k
Blend (final)
Blend
$615k
Owner & transaction history
Melissa J Ferrell · 7 yrs held
Melissa J Ferrell
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sedona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sedona 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
by Request
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
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
$22 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$805
Tax year 2022
Assessed value
$15,924
Assessed 2025
Previous assessed
$15,314
+4.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$3,328
Assessed improvement
$12,596
Land market value
$18,489
Improvement market value
$69,978
Total market value
$88,467
Applied tax rate
976.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
2
Total area
27,342 SF
Lot
0.01 ac (436 SF)
APN
408-36-008
UPID
US07-1343934
Jurisdiction
YAVAPAI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.01 ac
Current owner
From public records · entity-resolved
Melissa J Ferrell
Individual
Mailing address
100 MONTE VIS LN, SEDONA, AZ 86336-5465
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Nov 20, 2018
—
Melissa J Ferrell
Ferrell,reilly K
Quit Claim Deed
related
—
Nov 20, 2018
$72,000
Melissa J Ferrell
Jjm Fund LLC
Warranty Deed
$66,000 · Jjm Fund LLC
Jan 12, 2017
$180,000
Jjm Fund LLC
Rocha,antonio M
Warranty Deed
—
Oct 4, 2005
—
Jeffrey R Negilski
Negilski,jeffrey R
Quit Claim Deed
related
—
Jan 15, 2003
$41,500
J Negilski
Saine,tr
Grant Deed
$41,500 · Jones Trust
Nov 19, 2002
$40,000
Saine,tr
Servis,nancy & Nzancy
Grant Deed
$30,000 · Community Bank Arizona
Mar 22, 1990
$27,500
Thomas Vendetti
Unknown
Grant Deed
—
—
—
Jeffrey R Negilski
—
Deed Of Trust
related
$40,000 · Shriver Family Tr (rt)
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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