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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
101 Riviera Dr, Lake Havasu City, AZ 86403-5736
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0841567
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1990
Construction
STEEL FRAME
Total area
3,449 SF
Lot
0.42 ac (18,295 SF)
Zoning code
CO
APN
107-30-002A
UPID
US07-0841567
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
-
Michael E. Thomas DDS MS Dental Office
-
Dr. Mead & Dr. Houston Dentistry Dental Office
-
Dr. Houston Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$479k
Blend (final)
Blend
$550k
Owner & transaction history
Meh Properties LLC · 4 yrs held
Meh Properties LLC
since 2021
Last sale
$563,911
3 recorded transactions
Zoning & alternative use
CO · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$760,000
+53.9%
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 Lake Havasu City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Havasu City 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
$565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$645,000
7%
$595,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$495,000
Current use
AUTO REPAIR, GARAGE
$760,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$460,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$400,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $564k (Jul 16 2021)
Last sale anchor
$564k
Jul 16 2021
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
$159 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$5,521
Tax year 2020
Assessed value
$86,449
Assessed 2025
Previous assessed
$75,706
+14.2% YoY
Effective rate
6.39%
On assessed value
Land market value
$242,513
Improvement market value
$333,813
Total market value
$576,326
Applied tax rate
2,571.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
3,449 SF
Lot
0.42 ac (18,295 SF)
Zoning code
CO
APN
107-30-002A
UPID
US07-0841567
Jurisdiction
MOHAVE
Zoning & alternative use
CO · Lake Havasu City, AZ
Zoning CO · permitted uses
CO · Lake Havasu City, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Havasu City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$760,000
OFFICE BUILDING
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$400,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1990
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Meh Properties LLC
Entity
Mailing address
101 RIVIERA DR, LAKE HAVASU CITY, AZ 86403-5736
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
$563,911
Meh Properties LLC
Event Horizon Lhc LLC
Warranty Deed
$451,200 · Bank Of America NA
Jun 22, 2020
—
Event Horizon Lhc LLC
C Reese Mead
Quit Claim Deed
related
—
Jan 22, 2002
—
C R Mead
Mead,reese
Quit Claim Deed
related
$208,700 · Wells Fargo Bank 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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