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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Apartment buildings
5000 Mall Way Flagstaff, AZ 86004-5046
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-1621684
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2012
Total area
4,274 SF
Lot
14.41 ac (627,569 SF)
APN
113-15-002B
UPID
US07-1621684
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
-
Wespac Construction Construction Company
-
Elevation Apartments Apartment Complex Apartment Rental Agency
-
Financial Solutions for Today's Healthcare LLC Medical Billing Service
-
Joy Kingsborough Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Elevation Flagstaff Az LLC · 12 yrs held
Elevation Flagstaff Az LLC
since 2014
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$875,000
+2.0%
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
$585,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$860,000
Current use
COMMERCIAL (GENERAL)
$875,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$795,000
Change: -7% · Conversion: Moderate
MEDICAL BUILDING
$700,000
Change: -19% · Conversion: Moderate
AUTO REPAIR, GARAGE
$695,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$133 / 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
$280,279
Tax year 2023
Assessed value
$7,713,550
Assessed 2024
Previous assessed
$6,369,402
+21.1% YoY
Effective rate
3.63%
On assessed value
Assessed land
$313,790
Assessed improvement
$7,399,760
Land market value
$3,137,900
Improvement market value
$73,997,602
Total market value
$77,135,502
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 (100+ UNITS)
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
28
Stories
1
Total area
4,274 SF
Lot
14.41 ac (627,569 SF)
APN
113-15-002B
UPID
US07-1621684
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
$860,000
COMMERCIAL (GENERAL)
Est. value
$875,000
OFFICE BUILDING
Est. value
$795,000
MEDICAL BUILDING
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$695,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
2012
Heating
NONE
Stories
1
Buildings
28
Lot
14.41 ac
Current owner
From public records · entity-resolved
Elevation Flagstaff Az LLC
Entity
Mailing address
15 NW TEMPLE #640, SALT LAKE CITY, UT 84103
Ownership since
2014
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
Mar 24, 2017
—
Elevation Flagstaff Az LLC
—
Grant Deed
related
$6,698,000 · Walker & Dunlop
Feb 28, 2014
$8,089,000
Elevation Flagstaff Az LLC
Vedura Elevation LLC
Grant Deed
$33,211,000 · Walker & Dunlop
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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