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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Office buildings
705 Leroux St Flagstaff, AZ 86001-3225
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3373542
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
STEEL FRAME
Total area
1,872 SF
Lot
0.16 ac (6,900 SF)
APN
101-05-014
UPID
US07-3373542
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
-
Dr. James F. Cahill Jr, MD Physician
-
Emily Davenport, NMD Alternative Medicine Practice
-
Chad Norris Physician
-
Wright Benjamin C MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$701k
Blend (final)
Blend
$730k
Owner & transaction history
Leroux Lighthouse LLC · 4 yrs held
Leroux Lighthouse LLC
since 2022
Last sale
$725,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$745,000
+23.0%
Commercial (general)
$740,000
+22.1%
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
$885,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Current use
WAREHOUSE, STORAGE
$745,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$740,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$555,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $725k (Jul 12 2022)
Last sale anchor
$725k
Jul 12 2022
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
$390 / 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
$3,383
Tax year 2023
Assessed value
$60,083
Assessed 2024
Previous assessed
$55,698
+7.9% YoY
Effective rate
5.63%
On assessed value
Assessed land
$24,250
Assessed improvement
$35,833
Land market value
$146,970
Improvement market value
$217,171
Total market value
$364,141
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
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
1,872 SF
Lot
0.16 ac (6,900 SF)
APN
101-05-014
UPID
US07-3373542
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
$605,000
WAREHOUSE, STORAGE
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$555,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Leroux Lighthouse LLC
Entity
Mailing address
2950 W FRST HLS DR, FLAGSTAFF, AZ 86001-3861
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2022
$725,000
Leroux Lighthouse LLC
Brownsberger Holdings LLC
Warranty Deed
$443,750 · The Foothills Bank
Aug 2, 2019
—
Brownsberger Holdings LLC
—
Deed
related
$823,254 · Jpmorgan Chase Bank NA
May 1, 2017
—
Brownsberger Holdings LLC
—
Deed
related
$250,000 · Mission Bank
Jul 22, 2016
—
Brownsberger Holdings LLC
Brownsberger,robert J
Quit Claim Deed
related
—
May 24, 2016
—
Robert J Brownsherger
Ramirez,maya L
Quit Claim Deed
related
—
Jul 11, 2007
$575,000
Robert J Brownsberger
Cahill,james F & Nancy J
Warranty Deed
$531,900 · Mission Bank
Sep 22, 1999
$82,500
James M Macintyre
Tkatchov,alexandre P
Grant Deed
—
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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