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Property profile & analytics
FOR LEASE
Medical Office Space
1720 Mesquite Ave, Lake Havasu City, AZ 86403
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1216593
For Lease
1 / 51
$2,620/Mo
1720 Mesquite Ave, Lake Havasu City, AZ 86403
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1993
Construction
STEEL FRAME
Total area
16,521 SF
Lot
0.95 ac (41,382 SF)
APN
107-31-010C
UPID
US07-1216593
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
-
Lakeside Spine & Pain Physician
-
Rajithia Laleendra Premaratne Physician
-
Dr. Jeffrey J Carls, MD Pediatrician Physician
-
Dr. Jeff Carls Family Medicine and Aesthetics Physician
-
Premaratne Rajitha L MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.37M
Owner & transaction history
Medical Plaza At 1720 LLC · 8 yrs held
Medical Plaza At 1720 LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+53.9%
Restaurant
$3.6M
+53.2%
Apartment house (5+ units)
$2.7M
+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
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
MEDICAL BUILDING
$2,370,000
Current use
AUTO REPAIR, GARAGE
$3,645,000
Change: +54% · Conversion: Difficult
RESTAURANT
$3,630,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,730,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$2,205,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,920,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±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
$143 / 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
$21,556
Tax year 2020
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Lease
Year built
1993
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
16,521 SF
Lot
0.95 ac (41,382 SF)
APN
107-31-010C
UPID
US07-1216593
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
MEDICAL BUILDING Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RESTAURANT
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1993
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Medical Plaza At 1720 LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Oct 16, 2017
—
Medical Plaza At 1720 LLC
Carls Jeffrey J Trust
Warranty Deed
$1,560,000 · National Bk/az
Apr 24, 2017
—
Carls,jeffrey J Living Trust
Carls,jeffrey J
Quit Claim Deed
related
—
Jan 26, 2010
—
Jeffrey J Carls
—
Deed Of Trust
related
$1,389,327 · Mohave State Bank
Aug 19, 2003
—
Jeffy J Carls
—
Trustees Deed
related
$1,500,000 · Mohave State Bank
—
—
Jeffrey J Carls
—
Deed Of Trust
related
$150,000 · Mohave State Bank
—
—
Jeffrey J Carls
—
Deed Of Trust
related
$65,361 · Bank Of America
—
—
Jeffrey J Carls
—
Deed Of Trust
related
$1,770,200 · Mohave State Bank
—
—
Jeffrey J Carls
—
Deed Of Trust
related
$405,000 · Mohave State Bank
—
—
Jeffrey J Carls
—
Deed Of Trust
related
$200,000 · Mohave State Bank
—
—
Jeffrey J Carls
—
Deed Of Trust
related
$275,000 · Bank Of America
—
—
Jeffrey J Carls
—
Deed Of Trust
related
$100,000 · Mohave State Bank
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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