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Property profile & analytics
OFF-MARKET
Estimated value
$3,395,000
Apartment buildings
1627 Havasupai Dr, Bullhead City, AZ 86442-7564
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3383854
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2011
Construction
STEEL FRAME
Total area
32,900 SF
Lot
2.04 ac (88,862 SF)
APN
220-15-104B
UPID
US07-3383854
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
-
Fred Leeds Properties AZ Real Estate Agency
-
Riverview Apartment Homes Apartment Complex Furnished Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.53M
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$3.40M
Owner & transaction history
Happy 95 LLC · 6 yrs held
Happy 95 LLC
since 2020
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
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 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
$4,505,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,820,000
6.5%
$3,525,000
7%
$3,275,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,320,000
Current use
Blend value · Realmo final
$3.40M
Range $3.06M – $3.73M · ±10% · vs last sale $3.40M (Jan 31 2020)
Last sale anchor
$3.40M
Jan 31 2020
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
$103 / 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
$12,602
Tax year 2020
Assessed value
$324,777
Assessed 2025
Previous assessed
$320,693
+1.3% YoY
Effective rate
3.88%
On assessed value
Land market value
$119,289
Improvement market value
$3,128,481
Total market value
$3,247,770
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
32,900 SF
Lot
2.04 ac (88,862 SF)
APN
220-15-104B
UPID
US07-3383854
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS) Current
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
2011
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.04 ac
Current owner
From public records · entity-resolved
Happy 95 LLC
Entity
Mailing address
3860 CRENSHAW BLVD STE #201, LOS ANGELES, CA 90008-1816
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
Jan 31, 2020
$3,400,000
Happy 95 LLC
Bop Ventures LLC
Grant Deed
$2,472,000 · Cbre Cap Markets
Dec 6, 2016
—
Bop Ventures LLC
—
Deed
related
$1,847,700 · Wells Fargo Bk
Feb 16, 2006
—
Bop Ventures LLC
Salinas,christopher C
Quit Claim Deed
related
—
Oct 12, 2004
$148,000
Erich Bohne
Takkula Properties LLC
Grant Deed
$125,000 · Takkula Properties LLC
—
—
Bop Ventures LLC
—
Deed Of Trust
related
$500,000 · Jeffrey Merlino
—
—
Bop Ventures LLC
—
Deed Of Trust
related
$1,854,300 · Blade Family Trust
—
—
Bop Ventures LLC
—
Deed Of Trust
related
$1,322,000 · Jeffrey P Merlino
—
—
Bop Ventures LLC
—
Deed Of Trust
related
$1,900,000 · Blade Family Trust
—
—
Bop Ventures LLC
—
Deed Of Trust
related
$1,847,700 · Wells Fargo Bk
—
—
Bop Ventures LLC
—
Deed Of Trust
related
$2,327,082 · Hargovind Patel
—
—
Bop Ventures LLC
—
Deed Of Trust
related
$35,010 · Jeffrey P Merlino
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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