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Property profile & analytics
OFF-MARKET
Estimated value
$6,220,000
Apartment buildings
2652 Rte 66 Flagstaff, AZ 86004-4308
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1390734
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
CONCRETE
Total area
22,656 SF
Lot
1.55 ac (67,474 SF)
APN
107-14-004C
UPID
US07-1390734
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
$8.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.22M
Owner & transaction history
Santa Fe Ventures LP · 4 yrs held
Santa Fe Ventures LP
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+2.0%
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
$7,625,000
ML approach
$8,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,550,000
Current use
COMMERCIAL (GENERAL)
$4,645,000
Change: +2% · Conversion: Moderate
RESTAURANT
$4,410,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$4,215,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$6.22M
Range $5.60M – $6.84M · ±10% · vs last sale $6.25M (Feb 22 2022)
Last sale anchor
$6.25M
Feb 22 2022
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
$275 / 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
$22,548
Tax year 2023
Assessed value
$360,395
Assessed 2024
Previous assessed
$318,259
+13.2% YoY
Effective rate
6.26%
On assessed value
Assessed land
$90,078
Assessed improvement
$270,317
Land market value
$900,778
Improvement market value
$2,703,170
Total market value
$3,603,948
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
22,656 SF
Lot
1.55 ac (67,474 SF)
APN
107-14-004C
UPID
US07-1390734
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RESTAURANT
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1968
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
Santa Fe Ventures LP
Entity
Mailing address
6211 CAMINO DE LA COSTA, LA JOLLA, CA 92037-6523
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Santa Fe Ventures LP
—
Deed
related
$4,273,000 · Berkeley Point Capital LLC
Feb 22, 2022
$6,250,000
Santa Fe Ventures LP
Build Investments LLC
Special Warranty Deed
$5,036,000 · Keystone Real Estate Income Trust L
Apr 12, 2021
$100,000
Build Investments LLC
2201 N 7th LLC
Warranty Deed
—
Dec 18, 2020
$3,300,000
Build Investments LLC
Santa Fe Apartments East Side LLC
Special Warranty Deed
$2,400,000 · Ks Statebank
Dec 14, 2016
—
Santa Fe Apartments East Side
Jaguar Ents LLC
Grant Deed
related
—
Nov 3, 2016
$316,714
Santa Fe Apartments East Side
Jaguar Ents LLC
Warranty Deed
—
Dec 8, 2000
—
Jaguar Enterprises LLC
Thomas M Knoles Estate
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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