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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Strip malls
276 State Rte 89a Sedona, AZ 86336-4221
Trust Owned
24-yr Hold
Free & Clear
Property ID
US07-0994318
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Construction
STEEL FRAME
Total area
5,865 SF
Lot
2 ac (87,120 SF)
APN
401-13-037F
UPID
US07-0994318
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
-
Sedona Trolley Tour Operator (Bike/Boat/Book/etc) Store
-
Bennali's On Main Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.27M
Owner & transaction history
Coniglio Trust · 24 yrs held
Coniglio Trust
since 2002
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+178.9%
Warehouse, storage
$1.1M
+56.9%
Auto repair, garage
$1.0M
+50.1%
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%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,930,000
Change: +179% · Conversion: Easy
WAREHOUSE, STORAGE
$1,085,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,040,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: +29% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$890,000
Change: +29% · Conversion: Difficult
RESTAURANT
$840,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$217 / 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
$70,893
Tax year 2023
Assessed value
$1,229,527
Assessed 2024
Previous assessed
$1,073,276
+14.6% YoY
Effective rate
5.77%
On assessed value
Assessed land
$172,210
Assessed improvement
$1,057,317
Land market value
$1,043,698
Improvement market value
$6,407,983
Total market value
$7,451,681
Applied tax rate
970.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
2
Total area
5,865 SF
Lot
2 ac (87,120 SF)
APN
401-13-037F
UPID
US07-0994318
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
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
INDUSTRIAL (GENERAL)
Est. value
$890,000
RESTAURANT
Est. value
$840,000
MEDICAL BUILDING
Est. value
$765,000
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RESTAURANT
MEDICAL 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
1966
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
5
Lot
2 ac
Current owner
From public records · entity-resolved
Coniglio Trust
Trust
Free & Clear · 24 yrs held
Mailing address
270 N STATE RTE 89TH STE #11, SEDONA, AZ 86336-4205
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Canyon Portal 3 LLC
—
Deed
related
$22,000,000 · Bank Of America NA
Feb 25, 2002
—
Coniglio Trust
Coniglio,carla L
Quit Claim Deed
related
—
Jun 11, 1999
—
Canyon Portal LLC
—
Grant Deed
related
$8,600,000 · Owens Financial Group INC
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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