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Property profile & analytics
FOR LEASE
Office buildings
1491 Palma Rd, Bullhead City, AZ 86442
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-1131881
For Lease
1 / 29
$709/Mo
1491 Palma Rd, Bullhead City, AZ 86442
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Property summary
AI-generated overview
This exceptional commercial property, located at 1491 Palma Rd, Bullhead City, AZ 86442, offers 5,920 square feet of versatile office space across two buildings. The property boasts nine individual suites, ranging in size to accommodate various business needs, and can be combined for larger tenants. Built in 2008 and renovated in 2023, the property features 33 dedicated parking spaces and benefits from over 200 feet of high-visibility frontage on Palma Road. Its strategic location provides easy access to Highway 95, connecting Las Vegas, Laughlin, Bullhead City, and I-40. The 0.69-acre lot is zoned C2 (General Commercial), making it suitable for a variety of uses, including medical, dental, professional services, or retail. The asking price is $999,000, with a price per square foot of $168.75. Nearby amenities include Chase Bank, Harbor Freight, restaurants, and other businesses. This property presents a unique opportunity to establish a business in a thriving area with high traffic and excellent visibility. The net rentable square footage is 5,872 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
STEEL FRAME
Total area
5,797 SF
Lot
0.69 ac (30,056 SF)
APN
214-24-020A
UPID
US07-1131881
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
-
Lucas Frank E Counselor Doctor
-
R&R Skin Bar (Skin by Sammi) Medical Clinic Skin Care Clinic
-
Konica Minolta Business Solutions Professional Services
-
Team Connaughty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$690k
Owner & transaction history
Lhvc LLC
Lhvc LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$935,000
+112.4%
Auto repair, garage
$685,000
+55.3%
Medical building
$675,000
+52.6%
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 Bullhead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bullhead 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
$440,000
Current use
APARTMENT HOUSE (5+ UNITS)
$935,000
Change: +112% · Conversion: Easy
AUTO REPAIR, GARAGE
$685,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: +53% · Conversion: Easy
RETAIL STORES
$630,000
Change: +43% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$605,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$119 / 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
$4,689
Tax year 2020
Assessed value
$126,440
Assessed 2025
Previous assessed
$126,440
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$106,161
Improvement market value
$596,286
Total market value
$702,447
Applied tax rate
1,579.0000
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
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,797 SF
Lot
0.69 ac (30,056 SF)
APN
214-24-020A
UPID
US07-1131881
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
$440,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$685,000
MEDICAL BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$605,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Lhvc LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2860 W THORNDALE LOOP, COEUR D ALENE, ID 83815-8532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
Lhvc LLC
—
Deed
related
$450,000 · Goldwater Bank NA
Mar 9, 2026
$599,000
Lhvc LLC
Bullhead Real Estate LLC
Special Warranty Deed
—
Aug 14, 2023
—
Bullhead Real Estate LLC
—
Deed
related
$500,000 · Dollar Mark LLC
Nov 15, 2018
$200,000
Bullhead Real Estates LLC
Moore Donald L & Este
Warranty Deed
$190,000 · Moore D L & E M L/tr (rt)
Oct 10, 2007
—
Moore Donald L & Ester M Trust
Moore,donald L & Ester M
Quit Claim Deed
related
$800,000 · Horizon Community Bank
Jan 12, 2007
—
Moore,donald L & Ester M Trust
Moore,donald L & Ester M
Quit Claim Deed
related
—
Mar 10, 2006
$60,000
Moore Donald L & E M Trust
Entin,michael A
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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