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Property profile & analytics
OFF-MARKET
Estimated value
$4,635,000
Retail properties & Spaces
4601 Marketplace Dr Flagstaff, AZ 86004-2941
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0797960
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1996
Construction
CONCRETE
Total area
23,684 SF
Lot
2 ac (87,120 SF)
APN
113-28-007A
UPID
US07-0797960
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
$4.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.64M
Owner & transaction history
Hive Parks Flagstaff LLC · 2 yrs held
Hive Parks Flagstaff LLC
since 2024
Last sale
$4.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+126.9%
Apartment house (5+ units)
$4.8M
+122.5%
Restaurant
$4.6M
+115.5%
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%
$4,775,000
6.5%
$4,405,000
7%
$4,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,855,000
Change: +127% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,760,000
Change: +122% · Conversion: Difficult
RESTAURANT
$4,610,000
Change: +116% · Conversion: Easy
OFFICE BUILDING
$4,410,000
Change: +106% · Conversion: Easy
MEDICAL BUILDING
$3,880,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,850,000
Change: +80% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,840,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$4.64M
Range $4.17M – $5.10M · ±10% · vs last sale $4.75M (Feb 3 2024)
Last sale anchor
$4.75M
Feb 3 2024
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
$196 / 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
$35,908
Tax year 2023
Assessed value
$583,348
Assessed 2024
Previous assessed
$552,656
+5.6% YoY
Effective rate
6.16%
On assessed value
Assessed land
$116,867
Assessed improvement
$466,481
Land market value
$708,286
Improvement market value
$2,827,159
Total market value
$3,535,445
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
SPACE
Cooling
YES
Stories
1
Total area
23,684 SF
Lot
2 ac (87,120 SF)
APN
113-28-007A
UPID
US07-0797960
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
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
RESTAURANT
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1996
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Hive Parks Flagstaff LLC
Entity
Mailing address
800 W BRYN MAWR AVE N STE #100, ITASCA, IL 60143-1503
Ownership since
2024
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
May 3, 2024
$4,750,000
Hive Parks Flagstaff LLC
Dftc INC
Special Warranty Deed
$250,000 · Daniel Powell
Jan 24, 2011
$2,625
Dftc INC
Roseben INC
Grant Deed
$1,375,000 · Roseben 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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