Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    222 Verde St Flagstaff, AZ 86001-4636
    Back to Search
    Property profile & analytics

    222 Verde St, Flagstaff, AZ 86001-4636

    View on Map
    • Office buildings
    • 1,930 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Aug 5, 2022
    $875,000
    Property ID
    US07-1070136
    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
    $970,000
    Show details
    Cap Rate Potential
    2.7%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Witte Roxanne R / Physician / Medical Clinic
    • Burt Gershater Presentations / Family Counselor
    • Vance Deanna D / Counselor / Marriage Or Relationship Counselor
    • Wellness PSI, LLC / Physician / Medical Clinic
    • New Leaf Wellness Building / Family Counselor

    Property Details for 222 Verde St

    Year built
    1977
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property type
    Office buildings
    APN
    101-16-013
    APU
    10116013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,070,000
      ML approach
      $1,120,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $912,000
      Market price range: $92.3k - $913k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $625,000
      Current use
      WAREHOUSE, STORAGE
      $770,000
      Change: +23% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $765,000
      Change: +22% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.644
    Latitude
    35.1991
    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
    $4,847
    $21,904
    $60,217
    $82,121
    -
    $132,750
    $364,949
    $497,699

    Comparable in this City

    • Value Estimation
      $1,450,000
      6,182 SF

      408 Kendrick St

      OFFICE BUILDING (MULTI-STORY)
      408 Kendrick St, Flagstaff, AZ 86001-1582
      View Details
    • Value Estimation
      $625,000
      3,406 SF

      102 Mikes Pike

      OFFICE BUILDING
      102 Mikes Pike, Flagstaff, AZ 86001-5506
      View Details
    • Value Estimation by Request
      786 SF

      113 Aspen Ave

      OFFICE BUILDING (MULTI-STORY)
      113 Aspen Ave, Flagstaff, AZ 86001-5222
      View Details
    • Value Estimation by Request
      1,886 SF

      711 Beaver St

      OFFICE BUILDING (MULTI-STORY)
      711 Beaver St, Flagstaff, AZ 86001-3103
      View Details
    • Value Estimation by Request
      1,610 SF

      904 Beaver St

      OFFICE BUILDING (MULTI-STORY)
      904 Beaver St, Flagstaff, AZ 86001-3108
      View Details
    • Value Estimation
      $610,000
      1,786 SF

      606 Beaver St

      OFFICE BUILDING
      606 Beaver St, Flagstaff, AZ 86001-3012
      View Details

    Similar Nearby for Sale

    • $2,400,000
      10,000 SF

      Freestanding Commercial Building in Flagstaff

      10,000 SF commercial building in high-traffic area, Flagstaff, AZ.
      460 N Switzer Canyon Dr, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      Pending

      Flagstaff Office For Sale

      New office building with seller financing in Flagstaff, Arizona.
      1600 W University Dr, Flagstaff, AZ 86001
      View Details
    • $2,525,000

      Freestanding Commercial Building on High-Traffic Corridor

      10,000 SF commercial building with high visibility and accessibility.
      460 N Switzer Canyon Dr, Flagstaff, AZ 86001
      View Details
    • $549,000
      1,639 SF

      Medical Office Near Flagstaff Center

      Professional medical office building with convenient access to medical center.
      1360 N Rim Dr, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      711 SF

      Professional Space Near Flagstaff Medical

      Remodeled medical/wellness space with shared amenities and convenient location.
      1300 N Rim Dr, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      10,000 SF

      Freestanding Commercial Building in Flagstaff

      10,000 SF commercial building in a high-traffic Flagstaff location.
      460 N Switzer Canyon Dr, 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
    • $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
    • $50,904
      2,121 SF

      Flagstaff Office Space For Lease

      Office space for lease near downtown Flagstaff and Flagstaff Medical Center.
      823 N San Francisco St, Flagstaff, AZ 86001
      View Details
    • Contact for pricing

      Upscale Retail Space Near NAU

      High-end retail space in luxury housing project near university.
      555 W Forest Meadows St, Flagstaff, AZ 86001
      View Details
    • Contact for pricing

      Flexible Warehouse Suites Available

      Light industrial property with flexible warehouse suites for rent.
      2548 S Flagstaff Ranch 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.
    222 Verde St
    Flagstaff, AZ 86001-4636
    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
    222 Verde 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!