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Property profile & analytics
FOR LEASE
Office buildings
116 S Lake Havasu Ave S, Lake Havasu City, AZ 86403
Trust Owned
18-yr Hold
Free & Clear
Property ID
US07-0477577
For Lease
1 / 20
$1,300/Mo
116 S Lake Havasu Ave S, Lake Havasu City, AZ 86403
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
STEEL FRAME
Total area
11,969 SF
Lot
1.01 ac (43,996 SF)
APN
107-21-001B
UPID
US07-0477577
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
-
Caring Presence In Home Care LLC Home Health Care Service
-
Dream Homes Design General Contractor
-
High End Productions Llc Nightclub Music Venue
-
SCRAM of Arizona Social Service Agency Medical Clinic
-
Guild Mortgage Company Consultant Mortgage Lender
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.37M
Owner & transaction history
Laparne Samuel T Living Trust · 18 yrs held
Laparne Samuel T Living Trust
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+65.4%
Restaurant
$2.6M
+64.7%
Apartment house (5+ units)
$2.0M
+23.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,595,000
Current use
AUTO REPAIR, GARAGE
$2,640,000
Change: +65% · Conversion: Difficult
RESTAURANT
$2,630,000
Change: +65% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,975,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$1,715,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10%
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
$198 / 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
$13,218
Tax year 2020
Assessed value
$501,305
Assessed 2025
Previous assessed
$407,835
+22.9% YoY
Effective rate
2.64%
On assessed value
Land market value
$460,169
Improvement market value
$2,324,859
Total market value
$2,785,028
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1995
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
11,969 SF
Lot
1.01 ac (43,996 SF)
APN
107-21-001B
UPID
US07-0477577
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
OFFICE BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1995
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Laparne Samuel T Living Trust
Trust
Free & Clear · 18 yrs held
Mailing address
2059 HERON LN, LAKE HAVASU CITY, AZ 86403-4808
Ownership since
2008
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
May 21, 2008
—
Laparne Samuel T Living Trust
Laparne,samuel T
Quit Claim Deed
related
—
May 31, 2002
—
Samuel T Laparne
Lake Havasu City Motel Group
Grant Deed
$650,000 · Lake Havasu City Motel Group
—
—
Samuel T Laparne
—
Deed Of Trust
related
$615,000 · Wells Fargo Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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