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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Apartment buildings
408 Birch Ave Flagstaff, AZ 86001-5248
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0806655
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
STEEL FRAME
Total area
5,129 SF
Lot
0.15 ac (6,700 SF)
APN
101-16-002
UPID
US07-0806655
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Tracie Rae Kavanagh · 4 yrs held
Tracie Rae Kavanagh
since 2021
Last sale
$840,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+70.8%
Restaurant
$945,000
+51.4%
Medical building
$855,000
+36.6%
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%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$625,000
Current use
AUTO REPAIR, GARAGE
$1,070,000
Change: +71% · Conversion: Difficult
RESTAURANT
$945,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$855,000
Change: +37% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$830,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$560,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $840k (Aug 25 2021)
Last sale anchor
$840k
Aug 25 2021
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
$167 / 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
$3,879
Tax year 2023
Assessed value
$83,353
Assessed 2024
Previous assessed
$71,039
+17.3% YoY
Effective rate
4.65%
On assessed value
Assessed land
$15,886
Assessed improvement
$67,467
Land market value
$158,857
Improvement market value
$674,674
Total market value
$833,531
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
2
Total area
5,129 SF
Lot
0.15 ac (6,700 SF)
APN
101-16-002
UPID
US07-0806655
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$945,000
MEDICAL BUILDING
Est. value
$855,000
INDUSTRIAL (GENERAL)
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$640,000
OFFICE BUILDING
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1966
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Tracie Rae Kavanagh
Individual
Mailing address
1616 N SUNSET DR, FLAGSTAFF, AZ 86001-1442
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
$840,000
Tracie Rae Kavanagh
L Michael Watkins
Warranty Deed
$637,599 · Fay Servicing LLC
Mar 21, 2013
—
Kavanagh Tracie R Trust
Kavanagh,tracie R
Quit Claim Deed
related
—
May 18, 2009
—
Tracie R Kavanagh
Kavanagh,joseph N & Barbara L
Quit Claim Deed
related
—
Dec 30, 1999
$380,000
Joseph N Kavanagh
Stara Investments
Grant Deed
$76,445 · Seller
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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