Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    506 Grant St Flagstaff, AZ 86004-6024
    Back to Search
    Property profile & analytics

    506 Grant St Flagstaff, AZ 86004-6024

    View on Map
    • Warehouses
    • 13,000 SF
    • 1.73 lot acres
    Off-Market
    Property ID
    US07-1343515
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,420,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amer-I-Mex Wholesale Distribution / Big Box & Wholesale Store
    • Canyon Diablo Distillery / Brewery & Distillery / Bar & Pub
    • Four Season Guides / Tour Operator / (Bike/Boat/Book/etc) Store
    • American Safari Camp Inc. / Tour Operator / (Bike/Boat/Book/etc) Store
    • RKS Plumbing & Mechanical Inc. / General Contractor

    Property Details for 506 Grant St

    Year built
    2001
    Lot size
    1.73 lot acres
    Property size
    13,000 SF
    Property type
    Warehouses
    APN
    107-10-014A
    APU
    10710014A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,575,000
      6.5%
      $1,455,000
      7%
      $1,350,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.62
    Latitude
    35.1963
    CBSA code
    22380
    CBSA name
    FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,626
    $107,210
    $338,136
    $445,346
    -
    $670,063
    $2,113,353
    $2,783,416

    Comparable in this City

    • Value Estimation by Request
      246.07 Acres

      Flagstaff, AZ 86004

      STORAGE YARD (JUNK, SALVAGE) • 246.07 Acres
      Flagstaff, AZ 86004
      View Details
    • Value Estimation by Request
      1,080 SF

      2701 St

      WAREHOUSE, STORAGE • 1,080 SF
      2701 St, Flagstaff, AZ 86004-3431
      View Details
    • Value Estimation
      $700,000
      3,456 SF

      2333 Spruce Ave

      WAREHOUSE, STORAGE • 3,456 SF
      2333 Spruce Ave, Flagstaff, AZ 86004-5013
      View Details
    • Value Estimation
      $3,500,000
      16,388 SF

      2332 Walgreens St

      WAREHOUSE, STORAGE • 16,388 SF
      2332 Walgreens St, Flagstaff, AZ 86004-6103
      View Details
    • Value Estimation by Request
      2,562 SF

      5039 Empire Ave

      WAREHOUSE, STORAGE • 2,562 SF
      5039 Empire Ave, Flagstaff, AZ 86004
      View Details
    • Value Estimation
      $9,145,000
      14,550 SF

      4951 Empire Ave

      MINI-WAREHOUSE, STORAGE • 14,550 SF
      4951 Empire Ave, Flagstaff, AZ 86004-0804
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,604 SF

      Flagstaff Warehouse with Mezzanine Offices

      Flexible warehouse spaces with mezzanine offices in prime location.
      3111 N Caden Ct, Flagstaff, AZ 86004
      View Details
    • $3,750,000
      3.43 Acres

      Flagstaff Warehouse with Income Potential

      9,600 SF warehouse with diversified income streams on 3.43 acres.
      5700 E Old Walnut Canyon Rd, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      9,600 SF

      Warehouse with RV and Boat Storage

      9,600 SF warehouse on 1.77 acres plus storage.
      5700 E Old Walnut Canyon Rd, Flagstaff, AZ 86004
      View Details
    • $579,750
      1.05 Acres

      Flagstaff Horse Property Opportunity

      1.05-acre horse property to build your custom home.
      5330 E Nordica Loop, Flagstaff, AZ 86004
      View Details
    • $1,275,000
      3,648 SF

      Detached Homes Near 4th Street

      Two newer homes near amenities, ideal for investors or occupants.
      2406 E 4Th Ave, Flagstaff, AZ 86004
      View Details
    • New
      $525,000
      1,664 SF

      Flagstaff Multifamily Property For Sale

      Multifamily property featuring two units, each with two bedrooms.
      2924 N Rose St, Flagstaff, AZ 86004
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse with Office and Mezzanine

      4,000 SF warehouse space with office and mezzanine.
      2720 E Lakin Dr, Flagstaff, AZ 86004
      View Details
    • $15,500 /Mo
      4,200 SF

      Flagstaff Industrial Space for Lease

      4,200 sq ft industrial space suitable for various businesses.
      5280 E Gibson Ave, Flagstaff, AZ 86004
      View Details
    • Contact for pricing

      Commercial Land on Route 66

      Commercial land available for lease on Route 66.
      2401 Route 66 E, Flagstaff, AZ 86004
      View Details
    • Contact for pricing

      Route 66 Retail Opportunity

      Retail spaces and commercial land available on historic Route 66.
      3506 Route 66 E, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space on Historic Route

      Retail space with convenient access and prominent location.
      3124 N Loma Vista Dr, Flagstaff, AZ 86004
      View Details
    • Contact for pricing
      3 SF

      Commercial Land for Lease

      Commercial land available for lease.
      2401 Route 66 E, Flagstaff, AZ 86004
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    506 Grant St
    Flagstaff, AZ 86004-6024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    506 Grant St, Flagstaff, AZ, 86004
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!