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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office buildings
2677 7th Ave Flagstaff, AZ 86004-3739
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0252764
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
CONCRETE
Total area
3,695 SF
Lot
0.38 ac (16,459 SF)
APN
108-10-067B
UPID
US07-0252764
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
-
Melissa Cripps - State Farm Insurance Agent Insurance Agency
-
Crismon Cooper Licensed Fccrs Consultant
-
Brandon Redfern - State Farm Insurance Agent Insurance Agency
-
Salon THairapy Hair Salon
-
Hair by Ashley Huston Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$830k
Owner & transaction history
Redfern Holdings LLC · 1 yrs held
Redfern Holdings LLC
since 2024
Last sale
$830,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$830,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,160,000
Current use
AUTO REPAIR, GARAGE
$1,095,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $830k (Dec 18 2024)
Last sale anchor
$830k
Dec 18 2024
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
$225 / 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
$8,993
Tax year 2023
Assessed value
$141,990
Assessed 2024
Previous assessed
$135,364
+4.9% YoY
Effective rate
6.33%
On assessed value
Assessed land
$33,811
Assessed improvement
$108,179
Land market value
$204,915
Improvement market value
$655,630
Total market value
$860,545
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
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
3,695 SF
Lot
0.38 ac (16,459 SF)
APN
108-10-067B
UPID
US07-0252764
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
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING Current
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
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Redfern Holdings LLC
Entity
Mailing address
8174 N FALLEN PETAL DR, TUCSON, AZ 85743-5032
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
$830,000
Redfern Holdings LLC
Maestro Managemnet LLC
Special Warranty Deed
$622,500 · Western Alliance Bank
Jul 1, 2020
—
Maestro Management LLC
David Godfrey Cripps
Warranty Deed
$352,000 · Western Alliance Bank
Oct 12, 2011
—
Thorston W Henrich
Cooper,crismon
Grant Deed
—
Sep 23, 2011
—
Cripps Family Living Trust
Collins,melissa A
Warranty Deed
related
—
Jun 10, 2004
—
Melissa A Collins
Collins,galen R & Melissa A
Quit Claim Deed
related
—
Mar 26, 1999
$285,000
Melissa A Collins
Faraj,nizar
Grant Deed
$256,500 · Bank Of America Fsb
Jun 18, 1998
$250,000
Nizar Faraj
Thuraisingam,ravkulasingham
Grant Deed
—
—
—
Ravikulasingham Thuraisingham
—
Deed Of Trust
related
$75,000 · Bank One Arizona
—
—
Cripps Family Living Trust
—
Deed Of Trust
related
$340,666 · State Farm Bank Fsb
—
—
Melissa A Collins
—
Deed Of Trust
related
$381,000 · State Farm Bank Fsb
—
—
Melissa A Collins
—
Deed Of Trust
related
$15,600 · State Farm Bank Fsb
—
—
Melissa A Collins
—
Deed Of Trust
related
$42,448 · Bank Of America
—
—
Melissa A Collins
—
Deed Of Trust
related
$311,250 · National Bank Arizona
—
—
Melissa A Collins
—
Deed Of Trust
related
$302,000 · State Farm Bank Fsb
—
—
Ravikulasingam Thuraisingam
—
Deed Of Trust
related
$10,000 · Individual
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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