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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Strip malls
1761 Mcculloch N Blvd, Lake Havasu City, AZ 86403-0947
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-1367460
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
CONCRETE
Total area
13,135 SF
Lot
1.01 ac (43,996 SF)
APN
107-52-002
UPID
US07-1367460
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
-
Dorita's Place (Bike/Boat/Book/etc) Store Pet Store
-
Money in Your Pocket, Gold & Silver (Bike/Boat/Book/etc) Store
-
Orchid Massage and Foot Spa Alternative Medicine Practice Spa & Massage Center
-
Tilly's Smoke Shop (Bike/Boat/Book/etc) Store
-
Inked & Skrewed Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.46M
Owner & transaction history
Ccrre LLC · 6 yrs held
Ccrre LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+52.6%
Medical building
$1.9M
+32.5%
Office building
$1.8M
+23.3%
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
$1,885,000
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
$1,420,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,170,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$1,885,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,750,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,525,000
Change: +7% · Conversion: Easy
RETAIL STORES
$1,430,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±10% · vs last sale $1.24M (Jan 31 2020)
Last sale anchor
$1.24M
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
$111 / 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
$13,598
Tax year 2020
Assessed value
$274,351
Assessed 2025
Previous assessed
$228,668
+20.0% YoY
Effective rate
4.96%
On assessed value
Land market value
$460,177
Improvement market value
$1,063,997
Total market value
$1,524,174
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
Off-Market
Year built
1989
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
13,135 SF
Lot
1.01 ac (43,996 SF)
APN
107-52-002
UPID
US07-1367460
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Ccrre LLC
Entity
Mailing address
1551 N TUSTIN AVE, SANTA ANA, CA 92705-8634
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$1,235,992
Ccrre LLC
Ccr Investment Group
Warranty Deed
$1,235,991 · Ccr Investment Group
Dec 6, 2019
$1,232,000
Ccr Investment Group
Michele Ausserbauer
Grant Deed
—
Sep 20, 2019
—
Burford,lewis & Mary A 1987 Trust
—
Deed
related
$52,000 · Michael J Dagon
Jan 18, 2019
—
Lewis,burford & Mary A 1987 Trust
—
Deed
related
$168,000 · State Bk/arizona
Dec 2, 2015
$1,150,000
Michele Ausserbauer
J&m Havasu Properties
Special Warranty Deed
—
—
—
Lewis,burford & Mary A 1987 Trust
—
Deed Of Trust
related
$168,000 · State Bk/arizona
—
—
Burford,lewis & Mary A 1987 Trust
—
Deed Of Trust
related
$52,000 · Michael J Dagon
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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