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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Industrial properties
1524 Drinda Way, Bullhead City, AZ 86426-9392
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0735105
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2005
Construction
STEEL FRAME
Total area
21,168 SF
Lot
1.11 ac (48,352 SF)
APN
229-18-005A
UPID
US07-0735105
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
-
Electric Elite Group Electrical Service General Contractor
-
Mr. Radio of Arizona Telecommunications Service General Contractor
-
Western Technologies Inc. Environmental Consultant Engineering Consultant
-
Tiger Trenching General Contractor Construction Company
-
Southewest Home Security Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.25M
Owner & transaction history
Kelley,edith M Trust · 6 yrs held
Kelley,edith M Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.4M
+48.2%
Auto repair, garage
$2.5M
+8.4%
Medical building
$2.5M
+6.5%
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
COMMERCIAL (GENERAL)
$2,310,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,425,000
Change: +48% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,505,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$2,460,000
Change: +7% · Conversion: Easy
RETAIL STORES
$2,305,000
Change: 0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,290,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±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
$106 / 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
$25,835
Tax year 2020
Assessed value
$392,767
Assessed 2025
Previous assessed
$383,394
+2.4% YoY
Effective rate
6.58%
On assessed value
Land market value
$123,105
Improvement market value
$2,058,936
Total market value
$2,182,041
Applied tax rate
1,621.0000
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
2005
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
21,168 SF
Lot
1.11 ac (48,352 SF)
APN
229-18-005A
UPID
US07-0735105
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
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2005
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Kelley,edith M Trust
Trust
Mailing address
17341 CALVO DR, NORTH TUSTIN, CA 92705-1800
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2019
—
Kelley,edith M Trust
—
Deed
related
$850,000 · Palms Business Park LLC
Oct 11, 2019
$2,150,000
Kelley,edith M Trust
Palms Business Park LLC
Grant Deed
$850,000 · Palms Business Pk LLC
Nov 7, 2005
—
Palms Business Park LLC
Malibu Pacific Dev INC
Warranty Deed
—
—
—
Palms Business Park LLC
—
Deed Of Trust
related
$469,000 · Bank Of Hemet
—
—
Palms Business Park LLC
—
Deed Of Trust
related
$1,210,000 · Commercial Capital Bank Fsb
—
—
Kelley,edith M Trust
—
Deed Of Trust
related
$850,000 · Palms Business Park LLC
—
—
Palms Business Park LLC
—
Deed Of Trust
related
$600,000 · Commercial Capital Bank Fsb
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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