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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Industrial properties
1105 Aviation Dr, Lake Havasu City, AZ 86404-2416
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3480608
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2008
Total area
16,459 SF
Lot
1.1 ac (47,916 SF)
APN
115-07-035
UPID
US07-3480608
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
-
Farmer Brothers Cafe & Coffee Shop Specialty Food Shop
-
Caliber 1 Custom Boats (Bike/Boat/Book/etc) Store Production Facility
-
Mohave Cleaning & Restoration Hardware & Home Improvement Construction Company
-
COAST MOTOR GROUP (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.54M
Owner & transaction history
1105 Aviation Drive LLC · 2 yrs held
1105 Aviation Drive LLC
since 2023
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+77.3%
Restaurant
$3.6M
+76.6%
Apartment house (5+ units)
$2.7M
+32.8%
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
$3,025,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,405,000
6.5%
$2,220,000
7%
$2,065,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,050,000
Current use
AUTO REPAIR, GARAGE
$3,630,000
Change: +77% · Conversion: Difficult
RESTAURANT
$3,615,000
Change: +77% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,720,000
Change: +33% · Conversion: Moderate
OFFICE BUILDING
$2,375,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$2,360,000
Change: +15% · Conversion: Easy
RETAIL STORES
$1,795,000
Change: -12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,780,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.60M (Oct 13 2023)
Last sale anchor
$2.60M
Oct 13 2023
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
$154 / 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
$12,761
Tax year 2020
Assessed value
$434,123
Assessed 2025
Previous assessed
$350,751
+23.8% YoY
Effective rate
2.94%
On assessed value
Land market value
$344,608
Improvement market value
$2,067,188
Total market value
$2,411,796
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2008
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
16,459 SF
Lot
1.1 ac (47,916 SF)
APN
115-07-035
UPID
US07-3480608
Jurisdiction
MOHAVE
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
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RESTAURANT
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
1105 Aviation Drive LLC
Entity
Mailing address
1594 AVALON AVE, LAKE HAVASU CITY, AZ 86404-2073
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
$2,600,000
1105 Aviation Drive LLC
Farmer Bros Co
Special Warranty Deed
$1,690,000 · Red Star Mortgage Corp
Apr 29, 2021
—
Farmer Bros Co
—
Deed
related
$80,000,000 · Wells Fargo Bank NA
Oct 22, 2020
—
Farmer Bros Co
—
Deed
related
—
Jan 4, 2007
$411,500
Farmer Bros Co
S & D Investments INC
Grant Deed
—
Jul 29, 2005
$375,000
S & D Investments INC
Berezoski,jeff & Jean
Warranty Deed
$80,000 · Mohave State Bank
Sep 23, 2003
$225,000
Jeff Berezoski
Cordell,tr
Grant Deed
$168,750 · Mohave State Bank
Jan 24, 2003
—
Cordell,tr
Trio Properties
Quit Claim Deed
related
—
May 24, 2000
$115,000
Properties Trio
Cordell Trust
Grant Deed
—
Apr 28, 2000
$100,000
Cordell Trust
Chasteen,john K
Grant Deed
—
Oct 16, 1996
$6,444
Guarantors Investments
Browning,ervin R & Cecelia A
Trustees Deed
—
Oct 16, 1996
$75,000
Chasteen,john K
Guarantors Investments
Trustees Deed
—
—
—
Farmer Bros Co
—
Deed Of Trust
related
—
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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