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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Medical Office Space
1845 Mcculloch Blvd N Ste A1, Lake Havasu City, AZ 86403-5722
Entity Owned
6-yr Hold
Property ID
US07-1534937
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1982
Construction
STEEL FRAME
Total area
22,536 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C1
APN
107-63-001
UPID
US07-1534937
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
-
Annette Norfolk | Fairway Independent Mortgage Corporation Senior Loan Officer Loan Service Bank
-
Samons Brothers Framing Construction Company General Contractor
-
Riviera Primary Care Medical Clinic
-
FedEx Drop Box Postal Service Courier Service
-
Summerlin Asset Management, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.54M
Owner & transaction history
Geldt Investments LLC · 6 yrs held
Geldt Investments LLC
since 2019
4 recorded transactions
Zoning & alternative use
C1 · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+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
$3,230,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,720,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$3,005,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,620,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±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
$112 / 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
$1,263
Tax year 2020
Assessed value
$12,746
Assessed 2025
Previous assessed
$11,405
+11.8% YoY
Effective rate
9.91%
On assessed value
Land market value
$26,334
Improvement market value
$58,640
Total market value
$84,974
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
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
2
Total area
22,536 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C1
APN
107-63-001
UPID
US07-1534937
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
MEDICAL BUILDING Current
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING Current
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
1982
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Geldt Investments LLC
Entity
Mailing address
335 W BELLO VIS PLZ, KINGMAN, AZ 86409-2975
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2019
—
Geldt Investments LLC
Cj Geldt LLC
Quit Claim Deed
related
—
Jan 9, 2014
—
C J Geldt LLC
Bullen Orthodontic Corp
Quit Claim Deed
related
—
Nov 22, 2013
$200,000
Bullen Orthodontic Corp
Cook,ronnie L
Warranty Deed
$200,000 · Ronnie L & Ronda K Cook
Aug 29, 2001
—
Ronnie L Cook
Cook,ronnie L
Quit Claim Deed
related
$150,000 · 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.
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