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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Office buildings
528 Aspen Ave Flagstaff, AZ 86001-5308
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1358346
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
CONCRETE
Total area
3,870 SF
Lot
0.33 ac (14,375 SF)
APN
100-17-016
UPID
US07-1358346
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
-
Tata & Howard Inc Engineering Consultant
-
Northland Exploration Surveys Land Surveyor
-
Turner Engineering, Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$835k
Owner & transaction history
Pinewood Fire District · 1 yrs held
Pinewood Fire District
since 2025
7 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
by Request
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,255,000
Current use
AUTO REPAIR, GARAGE
$1,150,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$216 / 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
$6,923
Tax year 2023
Assessed value
$131,401
Assessed 2024
Previous assessed
$131,401
+0.0% YoY
Effective rate
5.27%
On assessed value
Assessed land
$53,350
Assessed improvement
$78,051
Land market value
$323,334
Improvement market value
$473,035
Total market value
$796,369
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
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Total area
3,870 SF
Lot
0.33 ac (14,375 SF)
APN
100-17-016
UPID
US07-1358346
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
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
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
1964
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Pinewood Fire District
Individual
Mailing address
PO BOX 1526, ASH FORK, AZ 86320-1526
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
Pinewood Fire District
Pinewood Country Club INC
Warranty Deed
—
Dec 27, 2024
$1,079,000
Aspen Flagstaff LLC
Aspen 528 LLC
Special Warranty Deed
$719,000 · Oneaz Cu
May 4, 2023
—
Michael Johnson
David Sewell Seweil
Warranty Deed
—
Nov 16, 2022
—
Danny Wasson
Danny Wasson
Intrafamily Transfer
related
—
Jan 23, 2020
—
City Of Flagstaff
City Of Flagstaff Muni Facilities
Quit Claim Deed
related
—
Nov 14, 2017
—
City Of Flagstaff
Northern Arizona University
Grant Deed
related
—
Aug 23, 2002
—
Aspen 528 LLC
Krenke,kenneth A
Grant Deed
$115,000 · National Bank Arizona
Oct 10, 2000
—
Krendick Trust
Krendick,stephen G
Quit Claim Deed
related
—
—
—
Aspen 528 LLC
—
Deed Of Trust
related
$210,000 · Dechambre Family Trust
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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