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Property profile & analytics
FOR LEASE
Strip malls
1600 Mcculloch Blvd N, Lake Havasu City, AZ 86403
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1214828
For Lease
1 / 22
$2,500/Mo
1600 Mcculloch Blvd N, Lake Havasu City, AZ 86403
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
STEEL FRAME
Total area
14,145 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C1
APN
107-25-001
UPID
US07-1214828
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
-
Concierge Health AZ (Bike/Boat/Book/etc) Store Cosmetic Store
-
Deborah J Miller - State Farm Insurance Agent Insurance Agency
-
Farm Bureau Financial Services: Alison Warner-Williams Insurance Agency
-
Farm Bureau Insurance Insurance Agency
-
Goldberg & Osborne Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.26M
Owner & transaction history
Shamballa LLC · 5 yrs held
Shamballa LLC
since 2020
7 recorded transactions
Zoning & alternative use
C1 · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+32.5%
Office building
$1.9M
+23.3%
Commercial (general)
$1.6M
+7.4%
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
$1,530,000
Current use
MEDICAL BUILDING
$2,030,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,885,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,645,000
Change: +7% · Conversion: Easy
RETAIL STORES
$1,540,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$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
$13,379
Tax year 2020
Assessed value
$235,831
Assessed 2025
Previous assessed
$197,996
+19.1% YoY
Effective rate
5.67%
On assessed value
Land market value
$352,514
Improvement market value
$957,660
Total market value
$1,310,174
Applied tax rate
2,554.0000
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
For Lease
Year built
1981
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Total area
14,145 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C1
APN
107-25-001
UPID
US07-1214828
Jurisdiction
MOHAVE
Zoning & alternative use
C1 · Lake Havasu City, AZ
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1981
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Shamballa LLC
Entity
Mailing address
1600 MCCULLOCH BLVD N STE 4B, LAKE HAVASU CITY, AZ 86403-0868
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Shamballa LLC
—
Deed
related
$520,000 · First Svgs Bk
Oct 30, 2020
—
Shamballa LLC
Rahnema Patricia L/tr
Warranty Deed
related
—
Jun 6, 2014
—
Rahnema,patricia J Trust
Rahnema,patricia J
Quit Claim Deed
related
—
Jan 30, 2013
—
Patricia J Rahnema
Rahnema,iraj
Quit Claim Deed
related
—
Dec 7, 2000
—
Patricia J Rahnema
Rahnema,iraj
Quit Claim Deed
related
—
—
—
Rahnema,patricia J
—
Deed Of Trust
related
$512,936 · Wells Fargo Bk
—
—
Rahnema,patricia J Trust
—
Deed Of Trust
related
$635,000 · Wells Fargo Bk
—
—
Iraj Rahnema
—
Deed Of Trust
related
$245,000 · Mohave State Bank
—
—
Iraj Rahnema
—
Deed Of Trust
related
$150,000 · Wells Fargo Bank
—
—
Iraj Rahnema
—
Deed Of Trust
related
$250,000 · Wells Fargo Bank Arizona
—
—
Shamballa LLC
—
Deed Of Trust
related
$520,000 · First Svgs Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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