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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    813 University Ave Flagstaff, AZ 86001-7105

    • Apartment buildings
    • 141,415 SF
    • 11.27 lot acres
    OFF-MARKET
    Value Estimations
    $9,480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0848279
    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.

    Current Use by Public Records

    • Woodlands Village Apartments / Apartment Building
    • B&T Window Cleaning & Building Maintenance / General Contractor / Renovation Specialist

    Property Details for 813 University Ave

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    11.27 lot acres
    Property size
    141,415 SF
    Property type
    Apartment buildings
    APN
    112-24-016A
    APU
    11224016A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,199,000
      Market price range: $9.20M - $33.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $15,450,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Flagstaff
    County
    Coconino
    State
    Arizona
    Longitude
    -111.665
    Latitude
    35.1825
    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
    2023
    $0.00
    $337,263
    $2,386,559
    $2,723,822
    -
    $3,372,629
    $23,865,589
    $27,238,218

    Comparable in this City

    • Value Estimation
      $20,270,000
      305,524 SF

      601 Piccadilly Dr

      APARTMENT HOUSE (100+ UNITS) • 305,524 SF
      601 Piccadilly Dr, Flagstaff, AZ 86001-5964
      View Details
    • Value Estimation by Request
      3,773 SF

      923 University Ave

      APARTMENT HOUSE (100+ UNITS) • 3,773 SF
      923 University Ave, Flagstaff, AZ 86001-3076
      View Details
    • Value Estimation
      $2,275,000
      18,504 SF

      1830 Milton Rd

      APARTMENT HOUSE (100+ UNITS) • 18,504 SF
      1830 Milton Rd, Flagstaff, AZ 86001-6337
      View Details
    • Value Estimation
      $855,000
      5,129 SF

      408 Birch Ave

      APARTMENT HOUSE (5+ UNITS) • 5,129 SF
      408 Birch Ave, Flagstaff, AZ 86001-5248
      View Details
    • Value Estimation by Request
      6,353 SF

      502 Cherry Ave

      APARTMENT HOUSE (5+ UNITS) • 6,353 SF
      502 Cherry Ave, Flagstaff, AZ 86001-4450
      View Details
    • Value Estimation by Request
      5,856 SF

      218 Oak Ave

      APARTMENT HOUSE (5+ UNITS) • 5,856 SF
      218 Oak Ave, Flagstaff, AZ 86001-1460
      View Details

    Similar Nearby for Sale

    • $11,900,000
      4,994 SF

      Flagstaff Luxury Short-Term Rentals

      High-return investment, multiple locations
      301 O'leary St, Flagstaff, AZ 86001
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    • $1,650,000
      3,648 SF

      Historic Downtown Flagstaff Income Property

      Updated income property on a high-profile corner lot.
      309 N Humphreys St, Flagstaff, AZ 86001
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    • $1,200,000

      Flagstaff Duplex: Income Opportunity

      Income-producing duplex near downtown Flagstaff with private garages and backyards.
      1 E Terrace Ave, Flagstaff, AZ 86001
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    • $1,450,000
      3,366 SF

      Downtown Flagstaff Modern Duplex

      Newly built duplex in downtown Flagstaff, ideal for investors.
      11 E Sullivan Ave, Flagstaff, AZ 86001
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    • $950,000
      2,400 SF

      Flagstaff Fourplex Near NAU

      Four-unit property near NAU and downtown Flagstaff.
      607 W Tucson Ave, Flagstaff, AZ 86001
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    • $1,200,000
      2,470 SF

      Flagstaff Duplex: Income Opportunity

      Income-producing duplex near downtown Flagstaff with garages and private yards.
      1 E Terrace Ave, Flagstaff, AZ 86001
      View Details

    Similar Nearby for Lease

    • $1,550 /Mo

      Downtown Apartment with Included Utilities

      Apartment in downtown location with included utilities for rent.
      115 E Terrace Ave, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      2,400 SF

      Flagstaff Retail Pads For Lease

      Retail pads available for ground lease with drive-thru potential.
      1300 S Milton Rd, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      1,320 SF

      High Visibility Retail Endcap Space

      1,320 SF retail space in a vibrant Flagstaff hub.
      2080 S Milton Rd, Flagstaff, AZ 86001
      View Details
    • $5 SF/Yr
      6,149 SF

      Flagstaff Office Space Available

      Flexible office solutions in prime location.
      0 University Ave, Flagstaff, AZ 86001
      View Details
    • Contact for pricing
      786 SF

      Retail Space in Aspen Place

      Retail space available in Flagstaff's Aspen Place at The Sawmill.
      319 Regent St, Flagstaff, AZ 86001
      View Details
    • $5,940 /Mo
      5,300 SF

      111 Aspen Ave

      Coworking space • 5,300 SF
      111 Aspen Ave, Flagstaff, AZ 86001
      View Details
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    813 University Ave
    Flagstaff, AZ 86001-7105
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    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
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