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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
2217 Cedar Ave Flagstaff, AZ 86004-1921
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0802434
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2007
Construction
STEEL FRAME
Total area
2,074 SF
Lot
0.15 ac (6,750 SF)
APN
109-08-180
UPID
US07-0802434
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
-
Ponderosa Pathways Landscaping General Contractor
-
Titan Restoration of Arizona Construction Company General Contractor
-
Schraufnagel Real Estate & Development Real Estate Agency
-
FlagHomes Real Estate Real Estate Agency
-
Cedar Workspace Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$705k
Owner & transaction history
Hakuna Matata LLC · 2 yrs held
Hakuna Matata LLC
since 2023
Last sale
$675,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$820,000
+26.3%
Warehouse, storage
$815,000
+25.2%
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
$890,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +26% · Conversion: Easy
WAREHOUSE, STORAGE
$815,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$615,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $675k (Sep 22 2023)
Last sale anchor
$675k
Sep 22 2023
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
$340 / 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
$5,387
Tax year 2023
Assessed value
$88,793
Assessed 2024
Previous assessed
$88,793
+0.0% YoY
Effective rate
6.07%
On assessed value
Assessed land
$11,717
Assessed improvement
$77,076
Land market value
$71,010
Improvement market value
$467,126
Total market value
$538,136
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 (MULTI-STORY)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
2
Rooms
5
Bathrooms
1
Total area
2,074 SF
Lot
0.15 ac (6,750 SF)
APN
109-08-180
UPID
US07-0802434
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
$650,000
COMMERCIAL (GENERAL)
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$615,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Hakuna Matata LLC
Entity
Mailing address
6077 W MONTEBELLO WAY, FLORENCE, AZ 85132-6777
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$675,000
Hakuna Matata LLC
Luann Mccormick Roberts
Special Warranty Deed
$425,000 · The Luann Mccormick Roberts Trust
Nov 30, 2016
—
The Luann Mccormick Roberts Trust
—
Deed
related
$360,000 · Jpmorgan Chase Bank NA
Dec 9, 2011
—
Roberts Luann M Trust
Roberts,luann M
Quit Claim Deed
related
—
Nov 12, 2010
—
Luann M Roberts
Roberts,luann M & Murray
Quit Claim Deed
related
—
Jun 14, 2006
$217,000
Luann M Roberts
Smith,wilma C
Grant Deed
—
Sep 8, 2003
—
James R Smith
Smith,wilma C
Quit Claim Deed
related
—
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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