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Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Industrial properties
1555 Dover Ave Lake Havasu City, AZ 86404-2413
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2757140
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1979
Construction
STEEL FRAME
Total area
44,253 SF
Lot
2.08 ac (90,605 SF)
APN
115-07-061A
UPID
US07-2757140
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
-
Horsepower Connection Auto Repair Shop
-
Toni's Canvas and Upholstery (Bike/Boat/Book/etc) Store
-
Dock Side Storage Storage Facility
-
IMAGE MARINE Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Artistic Twist Welding Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$3.94M
Owner & transaction history
Morris Investments Vcl LLC · 1 yrs held
Morris Investments Vcl LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.4M
+16.0%
Medical building
$6.3M
+15.2%
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
$2,750,000
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)
$5,505,000
Current use
OFFICE BUILDING
$6,385,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$6,345,000
Change: +15% · Conversion: Easy
RETAIL STORES
$4,820,000
Change: -12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,790,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±10% · vs last sale $4.00M (Jul 28 2024)
Last sale anchor
$4.00M
Jul 28 2024
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
$89 / 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
$29,648
Tax year 2020
Assessed value
$704,943
Assessed 2025
Previous assessed
$569,769
+23.7% YoY
Effective rate
4.21%
On assessed value
Land market value
$548,649
Improvement market value
$3,367,703
Total market value
$3,916,352
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
44,253 SF
Lot
2.08 ac (90,605 SF)
APN
115-07-061A
UPID
US07-2757140
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
$5.5M
OFFICE BUILDING
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$6.3M
RETAIL STORES
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1979
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Morris Investments Vcl LLC
Entity
Mailing address
3798 N MASTERS CT, LAKE HAVASU CITY, AZ 86404-5951
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
$4,000,000
Morris Investments Vcl LLC
L & D Venture LLC
Special Warranty Deed
$1,000,000 · L & D Venture LLC
Dec 10, 2021
$2,735,000
L & D Venture LLC
Dockside Storage LLC
Special Warranty Deed
$1,735,000 · The Foothills Bank
Feb 6, 2020
—
Dockside Storage LLC
—
Deed
related
$1,078,606 · State Bk/arizona
Oct 1, 2012
$1,225,000
Dockside Storage LLC
Zions First Natl Bk
Grant Deed
$931,422 · Mohave State Bank
Jun 18, 2012
$1,084,398
Zions First Natl Bk
Gillespie Margaret A
Trustees Deed
related
—
Oct 31, 2005
—
Kaaren K Little
Koenig,kaaren
Warranty Deed
$1,133,792 · California Bank & Trust
Nov 21, 2003
—
Kaaren Koeing
Koeing,robert M
Quit Claim Deed
related
$100,000 · Michael J Hill
—
—
Robert M Koenig
—
Deed Of Trust
related
$37,000 · Gary F Baumkirchner Pst
—
—
Dockside Storage LLC
—
Deed Of Trust
related
$1,078,606 · State Bk/arizona
—
—
Kaaren Koenig
—
Deed Of Trust
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.
Try Rey
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