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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
510 Humphreys St Flagstaff, AZ 86001-3056
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3442617
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Construction
STEEL FRAME
Total area
3,364 SF
Lot
0.16 ac (6,970 SF)
APN
100-03-012
UPID
US07-3442617
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
-
Benefit & Financial Strategies LLC Financial Advisor
-
Colliers International Real Estate Agency
-
LJC Development LLC Construction Company General Contractor
-
Crowley Leo Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$600k
Owner & transaction history
510 N Humphreys St LLC · 6 yrs held
510 N Humphreys St LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,000,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$178 / 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
$7,947
Tax year 2023
Assessed value
$162,992
Assessed 2024
Previous assessed
$143,040
+13.9% YoY
Effective rate
4.88%
On assessed value
Assessed land
$24,953
Assessed improvement
$138,039
Land market value
$151,230
Improvement market value
$836,603
Total market value
$987,833
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
PACKAGE
Stories
2
Rooms
4
Bathrooms
1
Total area
3,364 SF
Lot
0.16 ac (6,970 SF)
APN
100-03-012
UPID
US07-3442617
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
AUTO REPAIR, GARAGE
Est. value
$1.0M
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
2006
Construction
STEEL FRAME
Heating
PACKAGE
Stories
2
Rooms
4
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
510 N Humphreys St LLC
Entity
Mailing address
510 N HUMPHREYS ST, FLAGSTAFF, AZ 86001-3056
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
$1,050,000
510 N Humphreys St LLC
Emerald Bay Investments LLC
Grant Deed
$585,635 · National Bk/az
Jun 20, 2019
—
Emerlad Bay Investments LLC
—
Deed
related
$160,000 · Western Alliance Bank
Sep 27, 2006
—
Emerald Bay Investments LLC
Crowley,j Leo
Warranty Deed
$490,000 · First State Bank
—
—
James L Crowley
—
Deed Of Trust
related
$140,000 · Charles E & Nancy B Bene
—
—
Emerald Bay Investments LLC
—
Deed Of Trust
related
$650,000 · Alliance 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.
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