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Property profile & analytics
FOR LEASE
Medical Office Space
150 Riviera Dr, Lake Havasu City, AZ 86403-5735
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1003469
For Lease
$2,900/Mo
150 Riviera Dr, Lake Havasu City, AZ 86403-5735
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1998
Construction
STEEL FRAME
Total area
1,756 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CO
APN
107-30-006
UPID
US07-1003469
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
-
Quinn Edward J MD Physician
-
Sarah Joan Grohmann Physician
-
Lakeside Heart & Vascular Medical Clinic
-
Mohammad Kazmi Physician Medical Clinic
-
Christopher Milford Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lhvc LLC · 7 yrs held
Lhvc LLC
since 2019
7 recorded transactions
Zoning & alternative use
CO · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$748
Tax year 2022
Assessed value
$53,357
Assessed 2025
Previous assessed
$43,072
+23.9% YoY
Effective rate
1.40%
On assessed value
Land market value
$45,975
Improvement market value
$309,738
Total market value
$355,713
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
For Lease
Year built
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
1,756 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CO
APN
107-30-006
UPID
US07-1003469
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.
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Lhvc LLC
Entity
Mailing address
PO BOX 3539, LAKE HAVASU CITY, AZ 86405-3539
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2019
$183,750
Lhvc LLC
Mohammad A Kazmi
Special Warranty Deed
$173,750 · Jpmorgan Chase Bank NA
Nov 6, 2014
—
Mohammad A Kazmi
Kazmi,mohammed A
Quit Claim Deed
related
$125,000 · National Bk/az
Sep 4, 2009
—
Mohammed A Kazmi
Kazmi Family 2000 Trust
Quit Claim Deed
related
—
Mar 1, 2001
—
Kazmi Trust
Kazmi,mohammed A & Clara
Quit Claim Deed
related
—
—
—
Mohammed A Kazmi
—
Deed Of Trust
related
$89,000 · Mohave State Bank
—
—
Kazmi,tr
—
Deed Of Trust
related
$30,000 · Mohave State Bank
—
—
Kazmi 2000 Family Trust
—
Deed Of Trust
related
$103,125 · Horizon Community Bank
—
—
Kazmi 2000 Family Trust
—
Deed Of Trust
related
$196,875 · Horizon Community 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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