Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Office buildings
2724 Lakin Dr Flagstaff, AZ 86004-3900
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-1255739
Property summary
AI-generated overview
This 560-square-foot commercial space at 2724 E Lakin Drive Unit 4, Flagstaff, AZ, presents a fantastic opportunity for a small business. The unit has undergone a complete remodel, boasting fresh paint and new flooring throughout. Its prime location in Flagstaff makes it highly accessible and visible to potential customers. The property is a general commercial space, ideal for a variety of uses. Utilities are conveniently metered separately for gas and electricity, offering tenants greater control over their expenses. Water usage will be prorated monthly. The monthly rental rate is $800, with an additional $20.65 rental tax, resulting in a total monthly payment of $820.65. This all-inclusive price makes budgeting simple and predictable. The property sits on a lot with zero acres, making it a compact and efficient space. This move-in ready office is perfect for entrepreneurs seeking a well-maintained and conveniently located space to establish or expand their business. Don't miss this chance to secure a prime commercial location in the thriving Flagstaff market. Inquire today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
STEEL FRAME
Total area
4,356 SF
Lot
0.52 ac (22,559 SF)
APN
108-10-074E
UPID
US07-1255739
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
-
High Country Insurance Insurance Agency
-
Flagstaff Beauty & Co. Hair Salon
-
Beauty Ink Studios Medical Clinic Skin Care Clinic
-
Holly White Health Physician
-
Christian Bible Academy Religious School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.10M
Owner & transaction history
Pueblo Plaza II LLC · 8 yrs held
Pueblo Plaza II LLC
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+26.3%
Warehouse, storage
$1.7M
+25.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,365,000
Current use
COMMERCIAL (GENERAL)
$1,725,000
Change: +26% · Conversion: Easy
WAREHOUSE, STORAGE
$1,710,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,295,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$253 / 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
$12,120
Tax year 2023
Assessed value
$193,965
Assessed 2024
Previous assessed
$186,402
+4.1% YoY
Effective rate
6.25%
On assessed value
Assessed land
$41,503
Assessed improvement
$152,462
Land market value
$251,533
Improvement market value
$924,013
Total market value
$1,175,546
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
1981
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
4,356 SF
Lot
0.52 ac (22,559 SF)
APN
108-10-074E
UPID
US07-1255739
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
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1981
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Pueblo Plaza II LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3955 N AROSA WAY, FLAGSTAFF, AZ 86004-6860
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2023
—
Pueblo Plaza II LLC
—
Deed
related
$200,000 · The Foothills Bank
Jan 8, 2018
—
Pueblo Plaza II LLC
Britt,shelley S
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2724 Lakin Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
