NOT LISTED FOR SALE

1585 S Plaza Way Flagstaff, AZ 86001

Estimated Value: $3,247,224

-- Bed
-- Bath
14,700 Sq Ft
$221/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $2,538,250 $173 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $19,753/month

30 Days on Market

About This Home

As of July 2021

Excellent investment opportunity. This 14,700 SF building is on 2.27 acres located on the west side of town across the street from Home Depot and near newly expanding residential areas. The building is 100% leased. Light industrial zoning allows for many quiet and clean uses. See Flagstaff Zoning Code here:
https://www.codepublishing.com/AZ/Flagstaff/html/Flagstaff10/Flagstaff1040030.html#10.40.30.050

Last Agent to Sell the Property

Mark T. Belsanti

Da Vinci Realty, LLC License #SA104226000 Listed on: 06/04/2021

Last Buyer's Agent

Mark T. Belsanti

Da Vinci Realty, LLC License #SA104226000 Listed on: 06/04/2021

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $23,392

Year Built

  • Built in 1996

Lot Details

  • 2.27 Acre Lot
  • Property is zoned Lt Industrial

Home Design

  • 14,700 Sq Ft Home
  • Metal Siding

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 112-24-006-A

Community Details

Overview

  • Woodlands Village Subdivision

Building Details

  • Operating Expense $23,392
  • Gross Income $304,371
  • Net Operating Income $179,428

Property Details

Property Type

Other

Est. Annual Taxes

$23,392

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Legal Info Range: 07E
  • Property Type: Comm/Industry Sale
  • Zoning: Lt Industrial
  • Current Use: Mixed Use
  • Number Of Buildings: 1
  • Year Built: 1996
  • Tax Year: 2020
  • Directions: On S Plaza Way between S Woodlands Village Blvd and S Yale St
  • Lot Size Acres: 2.27
  • Subdivision Name: WOODLANDS VILLAGE
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: None
  • Construction Type: Metal Siding
  • Roof: Other, See Remarks
  • Construction:Metal: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 98973.0
  • Additional Parcels: No
  • Parcel #: 112-24-006-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 304371.0
  • Property Net Operating Income: 179428.0
  • Annual Operating Expense: 23392.0

Tax Info

  • Tax Annual Amount: 23392.0
  • Tax Book Number: 112.00
  • Tax Lot: 6
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Jul 14, 2021
Sold by
Plaza Way Development Llc
Bought by
Moar Properties Llc
Seller's Agent
Mark T. Belsanti
Da Vinci Realty, LLC
Buyer's Agent
Mark T. Belsanti
Da Vinci Realty, LLC
List Price
$2,700,000
Sold Price
$2,538,250
Premium/Discount to List
-$161,750
-5.99%
Current Estimated Value
$3,247,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$708,974
Avg. Annual Appreciation
6.22%

Purchase Details

Closed on
Oct 19, 2017
Sold by
Plaza Way Develoopment Llc
Bought by
Woodlands Plaza Hotel Limited Partnershi
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Moar Properties Llc $2,538,250 Pioneer Title Agency Inc
Woodlands Plaza Hotel Limited Partnershi $47,038 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moar Properties Llc $1,600,000
Previous Owner Plaza Way Development Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $2,538,250 -6.0% $173 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $2,700,000 -- $184 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,129 $414,059 -- --
2024 $25,129 $423,108 -- --
2023 $24,062 $393,323 $0 $0
2022 $24,062 $391,881 $0 $0
2021 $24,062 $359,725 $0 $0
2020 $23,392 $317,027 $0 $0
2019 $22,947 $285,536 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mark T. Belsanti

    Da Vinci Realty, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6245819

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-24-006A

Arizona Coconino County Flagstaff 86001

1585 S Plaza Way, Flagstaff, AZ

This home is located at 1585 S Plaza Way, Flagstaff, AZ 86001 since 04 June 2021 and is currently estimated at $3,247,224, approximately $220 per square foot. This property was built in 1996. 1585 S Plaza Way is a home located in Coconino County with nearby schools including Lura Kinsey Elementary School, Flagstaff High School, and Haven Montessori Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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