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Property profile & analytics
OFF-MARKET
Estimated value
$3,710,000
Strip malls
1477 Queens Bay, Lake Havasu City, AZ 86403-0965
Individually Owned
1-yr Hold
Free & Clear
Property ID
US07-1534654
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
STEEL FRAME
Total area
35,639 SF
Lot
4.42 ac (192,535 SF)
APN
107-10-091
UPID
US07-1534654
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
-
az spring break Event Planning Wedding Service
-
London Bridge Channel Hiking Area
-
Golf Pro Shop (Bike/Boat/Book/etc) Store
-
Bridgewater Disk Golf Gym & Fitness Center Sports Field & Court
-
Dixie Belle Boat Rental Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.71M
Owner & transaction history
Steven D Ladao · 1 yrs held
Steven D Ladao
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.9M
+52.6%
Medical building
$5.1M
+32.5%
Office building
$4.8M
+23.3%
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
NEIGHBORHOOD: SHOPPING CENTER
$3,855,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,885,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$5,110,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$4,755,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,140,000
Change: +7% · Conversion: Easy
RETAIL STORES
$3,880,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$3.71M
Range $3.34M – $4.08M · ±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
$104 / 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
$28,977
Tax year 2020
Assessed value
$694,379
Assessed 2025
Previous assessed
$654,689
+6.1% YoY
Effective rate
4.17%
On assessed value
Land market value
$1,892,576
Improvement market value
$1,965,084
Total market value
$3,857,660
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
3
Total area
35,639 SF
Lot
4.42 ac (192,535 SF)
APN
107-10-091
UPID
US07-1534654
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1984
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
3
Buildings
2
Lot
4.42 ac
Current owner
From public records · entity-resolved
Steven D Ladao
Individual
Free & Clear · 1 yrs held
Mailing address
1477 QUEENS BAY, LAKE HAVASU CITY, AZ 86403-0965
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
$8,350
Steven D Ladao
London Bridge Resort LLC
Warranty Deed
—
Nov 8, 2024
$15,750
Judith Carstensen
London Bridge Resort LLC
Warranty Deed
—
Oct 28, 2024
$8,900
Westley J Purchase
London Bridge Resort LLC
Warranty Deed
—
Oct 4, 2024
$15,450
Adam Unquire
London Bridge Resort LLC
Warranty Deed
—
Aug 23, 2024
$8,900
Aileen Nuguid
London Bridge Resort LLC
Warranty Deed
—
May 22, 2023
$7,110
Kenneth John Halcomb
London Bridge Resort LLC
Warranty Deed
—
Mar 26, 2020
$15,900
Brenda J Dulany
London Bridge Resort LLC
Grant Deed
—
Mar 9, 2020
$18,000
William E Hill
London Bridge Resort LLC
Grant Deed
—
Jul 11, 2019
$16,290
Keith Ramsey
London Bridge Resort LLC
Grant Deed
—
May 30, 2019
$13,950
Abby Butler
London Bridge Resort LLC
Grant Deed
—
May 30, 2019
$9,650
Jeffrey Marcy
London Bride Resort LLC
Grant Deed
—
Aug 24, 2018
—
Antonio F Gonzalez
Gonzalez,silvia G
Quit Claim Deed
related
—
May 16, 2018
$16,750
Angel O Rivas
London Bridge Resort LLC
Grant Deed
—
May 3, 2018
$10,080
Chris Freda
London Bridge Resort LLC
Grant Deed
related
—
May 3, 2018
$9,800
Kenneth Clark
London Bridge Resort LLC
Warranty Deed
related
—
May 2, 2018
$100
Piero Ossani
John Brandt
Warranty Deed
related
—
Apr 30, 2018
—
Judene M Gautier
Valencia,caroline
Warranty Deed
related
—
Nov 16, 2016
$35
Albert L Goodwin
Stephenson,jacqueline A
Warranty Deed
related
—
Nov 2, 2016
$199
Alex Pessah
Goodwin,al & Evelyn
Warranty Deed
related
—
Sep 30, 2016
$13,473
Ralph A Hippert
London Bridge Resort LLC
Grant Deed
related
$12,440 · Private Individual
Jun 16, 2016
$9,380
Richard A French
London Bridge Resort LLC
Grant Deed
related
$9,243 · Private Individual
Jun 16, 2016
$11,260
William M Rase
London Bridge Resort LLC
Grant Deed
related
$10,449 · Private Individual
Apr 26, 2016
$1,000
Karl Vladovich
Verma,vinnay & Pauline
Grant Deed
related
—
Oct 30, 2015
$10
Betty L Yeoward
Moon,christopher T & Karen L
Warranty Deed
related
—
Jun 4, 2015
$500
Rustam Zakarov
Cusonovich,gerald N & Carol
Grant Deed
related
—
Apr 21, 2015
$500
Rustam Zakarov
Cusonovich Gerald N & C J
Grant Deed
related
—
Nov 12, 2014
$500
Nick Sweezer
Sahagan,christopher
Grant Deed
related
—
Aug 21, 2009
—
Udeshi K S & A Living Trust
Udeshi,kiran & Arlene
Quit Claim Deed
related
—
Aug 24, 2007
—
London Bridge Resort LLC
Cunningham,dawn
Warranty Deed
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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