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Property profile & analytics
FOR LEASE
Strip malls
319 Regent St Flagstaff, AZ 86001
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-1539128
For Lease
1 / 2
Contact for pricing
319 Regent St, Flagstaff, AZ 86001
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
CONCRETE
Total area
5,045 SF
Lot
1.26 ac (54,886 SF)
APN
104-19-122
UPID
US07-1539128
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
-
Eddie Bauer Clothing Store
-
Aspen Place at The Sawmill Shopping Center & Mall
-
Ahipoki Bar & Pub
-
Flagstaff Ranch Food Processing Plant
-
Renee Hanson, Northern AZ Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$655k
Owner & transaction history
Big Aspen Place LLC · 6 yrs held
Big Aspen Place LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+155.1%
Restaurant
$930,000
+126.1%
Medical building
$840,000
+104.0%
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
by Request
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$410,000
Current use
AUTO REPAIR, GARAGE
$1,050,000
Change: +155% · Conversion: Difficult
RESTAURANT
$930,000
Change: +126% · Conversion: Difficult
MEDICAL BUILDING
$840,000
Change: +104% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$820,000
Change: +99% · Conversion: Difficult
COMMERCIAL (GENERAL)
$630,000
Change: +53% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$615,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$550,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$130 / 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
$55,136
Tax year 2023
Assessed value
$1,011,226
Assessed 2024
Previous assessed
$1,011,226
+0.0% YoY
Effective rate
5.45%
On assessed value
Assessed land
$164,823
Assessed improvement
$846,403
Land market value
$998,925
Improvement market value
$5,129,715
Total market value
$6,128,640
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2008
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
5,045 SF
Lot
1.26 ac (54,886 SF)
APN
104-19-122
UPID
US07-1539128
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$930,000
MEDICAL BUILDING
Est. value
$840,000
INDUSTRIAL (GENERAL)
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$630,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$615,000
OFFICE BUILDING
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2008
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
1.26 ac
Current owner
From public records · entity-resolved
Big Aspen Place LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2731 17TH ST STE #300, DENVER, CO 80211-4488
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
$9,593,385
Big Aspen Place LLC
Flagstaff Aspen Place LLC
Grant Deed
—
Oct 25, 2019
—
Big Aspen Place LLC
Flagstaff Aspen Place LLC
Correction Deed
related
—
Oct 24, 2018
$17,054,907
Big Aspen Place LLC
Flagstaff Aspen Place LLC
Grant Deed
—
Oct 27, 2017
—
Flagstaff Aspen Place LLC
—
Grant Deed
related
$21,000,000 · Bb&t R/e Fndg
Jul 25, 2008
—
Aspen Place North LLC
—
Deed Of Trust
related
$7,750,000 · Aspen Place North Lending LLC
Jul 6, 2007
$6,750,000
Aspen Place North LLC
Butler & Lone Tree LLC
Special Warranty Deed
$4,100,000 · National Bank Of Arizona
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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