Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1627 Havasupai Dr Bullhead City, AZ 86442-7564

    • Apartment buildings
    • 32,900 SF
    • 2.04 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2020
    $3,400,000
    Value Estimations
    $3,395,000
    Show details
    Cap Rate Potential
    5.1%
    Apartment buildings
    Location Intelligence
    Property ID
    US07-3383854
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fred Leeds Properties AZ / Real Estate Agency
    • Riverview Apartment Homes / Apartment Complex / Furnished Apartment Building

    Property Details for 1627 Havasupai Dr

    Year built
    2011
    Construction
    STEEL FRAME
    Lot size
    2.04 lot acres
    Property size
    32,900 SF
    Property type
    Apartment buildings
    APN
    220-15-104B
    APU
    22015104B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,505,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,820,000
      6.5%
      $3,525,000
      7%
      $3,275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,326,000
      Market price range: $3.02M - $8.84M
      AI Estimate
      $3,326,000
      Market price range: $3.02M - $8.84M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,320,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bullhead City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.594
    Latitude
    35.0924
    CBSA code
    29420
    CBSA name
    LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $12,602
    $0.00
    $0.00
    $324,777
    -
    $119,289
    $3,128,481
    $3,247,770

    Comparable in this City

    • Value Estimation
      $5,090,000
      55,471 SF

      1627 Mohave Dr

      APARTMENT HOUSE (5+ UNITS) • 55,471 SF
      1627 Mohave Dr, Bullhead City, AZ 86442-3702
      View Details
    • Value Estimation
      $560,000
      6,078 SF

      1197 Ramar Rd

      APARTMENT HOUSE (5+ UNITS) • 6,078 SF
      1197 Ramar Rd, Bullhead City, AZ 86442-7000
      View Details
    • Value Estimation
      $615,000
      3,730 SF

      1587 Sierra Vis Dr

      APARTMENT HOUSE (5+ UNITS) • 3,730 SF
      1587 Sierra Vis Dr, Bullhead City, AZ 86442-6040
      View Details
    • Value Estimation
      $2,270,000
      8,449 SF

      1618 Goldrush Rd

      APARTMENT HOUSE (5+ UNITS) • 8,449 SF
      1618 Goldrush Rd, Bullhead City, AZ 86442-8380
      View Details
    • Value Estimation
      $1,045,000
      6,604 SF

      1702 Turquoise Rd

      APARTMENT HOUSE (5+ UNITS) • 6,604 SF
      1702 Turquoise Rd, Bullhead City, AZ 86442-6053
      View Details
    • Value Estimation
      $1,455,000
      15,842 SF

      1787 Nn Ave

      APARTMENT HOUSE (5+ UNITS) • 15,842 SF
      1787 Nn Ave, Bullhead City, AZ 86442-9101
      View Details

    Similar Nearby for Sale

    • $1,890,000
      0.72 Acres

      Renovated Waterfront Multifamily Investment Property

      Turnkey, fully renovated 6-unit waterfront property on the Colorado River.
      437 Riverfront Dr, Bullhead City, AZ 86442
      View Details
    • $1,300,000
      6,588 SF

      Renovated 8-Plex Multifamily Property

      Turnkey 8-unit multifamily property, recently renovated, income-producing.
      1772 Rio Grande Rd, Bullhead City, AZ 86442
      View Details
    • $8,300,000

      Prime Bullhead City Investment Opportunity

      Mixed-use land, mobile home park, storage
      0 Havasu Ln, Bullhead City, AZ 86442
      View Details
    • $89,000
      0.11 Acres

      RV Lot with Amazing Views

      RV lot in 55+ community with full hookups.
      2361 Felipe Dr, Bullhead City, AZ 86442
      View Details
    • $58,900
      0.04 Acres

      RV Lot in Active Resort

      Improved RV lot with full hook-ups and resort amenities.
      2000 Ramar Rd, Bullhead City, AZ 86442
      View Details
    • $89,000
      0.06 Acres

      Oversized Corner RV Lot

      Rare, private RV lot with upgrades in gated resort community.
      2000 Ramar Rd, Bullhead City, AZ 86442
      View Details

    Similar Nearby for Lease

    • $3,510 /Mo

      Medical Office in Bullhead City

      Medical office building in the heart of Bullhead City.
      1467 Palma Rd, Bullhead City, AZ 86442
      View Details
    • $295 SF/Yr
      362 SF

      Bullhead City Storage Units For Rent

      Gated storage units with surveillance in convenient location.
      2485 Adobe Rd, Bullhead City, AZ 86442
      View Details
    • Contact for pricing
      1,225 SF

      Retail Space in Mohave Crossroads

      Regional shopping hub with high visibility and visitor traffic.
      3699 Highway 95, Bullhead City, AZ 86442
      View Details
    • $1,440 /Mo
      5,227 SF

      Commercial Building in Bullhead City

      Commercial building with offices, conference room, and kitchenette.
      746 Gemstone Ave, Bullhead City, AZ 86442
      View Details
    • New
      $5,250 /Mo
      126,324 SF

      Retail Space Near Wal-Mart

      3,000 SF retail space in Bullhead City, Arizona.
      2840 Highway 95, Bullhead City, AZ 86442
      View Details
    • $525 /Mo
      20,408 SF

      Medical Office Space Available

      Medical office space for rent with utilities included.
      1225 Hancock Rd, Bullhead City, AZ 86442
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1627 Havasupai Dr
    Bullhead City, AZ 86442-7564
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.