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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Investment properties
2550 State Rte 89a, Sedona, AZ 86336-5245
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0923142
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1973
Construction
CONCRETE
Total area
4,528 SF
Lot
0.33 ac (14,375 SF)
APN
408-24-097
UPID
US07-0923142
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
-
Cathedral Rock Ebikes Tour Operator (Bike/Boat/Book/etc) Store
-
Sedona Flooring Company LLC Carpet & Flooring Store Hardware & Home Improvement
-
A Vape Escape, LLC aka Vaporium Sedona (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$866k
Blend (final)
Blend
$920k
Owner & transaction history
Estes C Drake Properties LLC · 6 yrs held
Estes C Drake Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$985,000
+22.6%
Auto repair, garage
$830,000
+3.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$805,000
Current use
MEDICAL BUILDING
$985,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$830,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$203 / 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
$7,712
Tax year 2022
Assessed value
$223,229
Assessed 2025
Previous assessed
$209,317
+6.6% YoY
Effective rate
3.45%
On assessed value
Assessed land
$83,777
Assessed improvement
$139,452
Land market value
$465,428
Improvement market value
$774,734
Total market value
$1,240,162
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
4,528 SF
Lot
0.33 ac (14,375 SF)
APN
408-24-097
UPID
US07-0923142
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$805,000
MEDICAL BUILDING
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$830,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1973
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Estes C Drake Properties LLC
Entity
Mailing address
3325 LIZARD HEAD LN, SEDONA, AZ 86336-3025
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2019
$875,000
Estes C Drake Properties LLC
Nicholson Linda A Trust
Grant Deed
—
Nov 30, 2016
—
Nicholson,linda A Trust
Nicholson,peter D & Linda A
Quit Claim Deed
related
$280,000 · Polati 1996 Trust (ct)
Jul 9, 2004
$1,000,000
Linda A Nicholson
Polati,tr
Grant Deed
$220,000 · Zinkel Trust
Sep 22, 2000
—
Neal D Clark
Madeline L Chesnut Estate
Grant Deed
related
—
Dec 15, 1999
—
Susan M Slaughter
Fisher,william E & Margaet L
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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