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Property profile & analytics
FOR LEASE
Warehouses
2720 E Lakin Dr Flagstaff, AZ 86004
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1162877
For Lease
1 / 14
Contact for pricing
2720 E Lakin Dr, Flagstaff, AZ 86004
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
CONCRETE
Total area
9,289 SF
Lot
0.44 ac (19,200 SF)
APN
108-10-073
UPID
US07-1162877
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
-
Unlimited Marine LLC Auto Repair Shop Vehicle Inspection Center
-
Barmore Flooring and Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$1.87M
Owner & transaction history
Sugarwood LLC · 4 yrs held
Sugarwood LLC
since 2022
Last sale
$1.9M
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
$2,320,000
ML approach
$2,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.90M (May 18 2022)
Last sale anchor
$1.90M
May 18 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
$201 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,076
Tax year 2024
Assessed value
$212,492
Assessed 2025
Previous assessed
$186,297
+14.1% YoY
Effective rate
5.68%
On assessed value
Assessed land
$38,062
Assessed improvement
$174,430
Land market value
$237,888
Improvement market value
$1,090,185
Total market value
$1,328,073
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1984
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
9,289 SF
Lot
0.44 ac (19,200 SF)
APN
108-10-073
UPID
US07-1162877
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
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Sugarwood LLC
Entity
Mailing address
2555 E CAMELBACK RD STE #400, PHOENIX, AZ 85016-4258
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$1,900,000
Sugarwood LLC
Michael J Cunningham
Warranty Deed
$1,140,000 · Firstbank
Nov 15, 2019
—
Cunningham Living Trust
2720 Property LLC
Grant Deed
related
$2,000,000 · Foothills Bk
Jul 25, 2018
—
Cunningham Living Trust
—
Deed
related
$1,675,000 · Sunwest Bk
Nov 30, 2011
—
2720 Property LLC
Michael Cunningham
Quit Claim Deed
related
$430,000 · Us Bank NA
Aug 26, 1998
—
Michael Cunningham
Cunningham,franklin E & Lee M
Quit Claim Deed
related
$391,500 · Bank Of Arizona
—
—
2720 Propery LLC
—
Deed Of Trust
related
$200,000 · Us Bank NA
—
—
2720 Property LLC
—
Loan Modification
related
$530,000 · Us Bk
—
—
Cunningham Living Trust
—
Loan Modification, Consolidation And Extension
related
$1,675,000 · Sunwest Bk
—
—
Michael Cunningham
—
Deed Of Trust
related
$570,000 · Wells Fargo Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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