Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2285 Butler Ave Flagstaff, AZ 86004-6015

    • Hotels
    • 5,945 SF
    • 3.96 lot acres
    OFF-MARKET
    Last Sale
    Apr 09, 2024
    $16,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1011960
    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.

    Current Use by Public Records

    • Dirty Birdies Sports Bar & Grill / Sports Bar
    • ATM Machine at Dirty Birdies Sports Bar & Grill / Atm
    • Hotel Elev8 Flagstaff / Hotel

    Property Details for 2285 Butler Ave

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    3.96 lot acres
    Property size
    5,945 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    106-04-004W
    APU
    10604004W

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.625
    Latitude
    35.1913
    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
    $57,194
    $303,799
    $592,733
    $896,532
    -
    $1,841,205
    $3,592,321
    $5,433,526

    Comparable in this City

    • Value Estimation
      $3,830,000
      21,828 SF

      3725 Kaspar Dr

      HOTEL/MOTEL • 21,828 SF
      3725 Kaspar Dr, Flagstaff, AZ 86004-2310
      View Details
    • Value Estimation
      $3,855,000
      32,370 SF

      2480 Lucky Ln

      HOTEL/MOTEL • 32,370 SF
      2480 Lucky Ln, Flagstaff, AZ 86004-9745
      View Details
    • Value Estimation
      $3,675,000
      26,508 SF

      2440 Lucky Ln

      HOTEL/MOTEL • 26,508 SF
      2440 Lucky Ln, Flagstaff, AZ 86004-9745
      View Details
    • Value Estimation
      $6,130,000
      3,603 SF

      3300 Rte 66

      HOTEL/MOTEL • 3,603 SF
      3300 Rte 66, Flagstaff, AZ 86004-4031
      View Details
    • Value Estimation
      $4,145,000
      4,370 SF

      3100 Rte 66

      HOTEL/MOTEL • 4,370 SF
      3100 Rte 66, Flagstaff, AZ 86004-3937
      View Details
    • Value Estimation
      $1,045,000
      6,630 SF

      2204 Rte 66

      HOTEL/MOTEL • 6,630 SF
      2204 Rte 66, Flagstaff, AZ 86004-5004
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Flagstaff Commercial Land - I-40 Access

      Prime 1-acre commercial pad, I-40 & Country Club Dr.
      I-40 & Country Clb Dr, Flagstaff, AZ 86004
      View Details
    • $11,995,000
      120.00 Acres

      Flagstaff Canyon Estate Ranch

      120 Acres, Stunning Views, Prime Location
      12901 Stockmens Rd, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      560 SF

      Flagstaff Commercial Office Space

      Remodeled Office, Excellent Location, $800/month
      2724 Lakin Dr, Flagstaff, AZ 86004
      View Details
    • $7,500,000
      378,972 SF

      Route 66 Retail Investment Opportunity

      Flagstaff, AZ: Prime Retail Land
      2511 Route 66, Flagstaff, AZ 86004
      View Details
    • $990,000
      10.00 Acres

      Land with Panoramic Mountain Views

      Residential land with unobstructed views and easy access to amenities.
      12899 Stockmens Rd, Flagstaff, AZ 86004
      View Details
    • $85,000
      10.03 Acres

      Land with Expansive Views

      10-acre property near Roden Crater with easy access.
      Leupp Rd, Flagstaff, AZ 86004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Space in New Development

      New retail development in Flagstaff, near NAU and tourist attractions.
      4Th St, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      1,200 SF

      Flagstaff Retail Space: Prime Location

      1,200 SF Retail Space - Automotive Use Ideal
      1490 Cedar Ave, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      93,879 SF

      Park Santa Fe Retail Center

      Flagstaff Retail Space - Multiple Units Available
      3506 Route 66, 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

      Flagstaff Retail Center Opportunity

      Prime Route 66 Retail Space Available
      2401 Route 66, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space on Historic Route

      Retail space with convenient access and prominent location.
      3124 N Loma Vista Dr, 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.
    2285 Butler Ave
    Flagstaff, AZ 86004-6015
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.