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Property profile & analytics
FOR LEASE
Office Spaces
1845 Mcculloch Blvd N, Lake Havasu City, AZ 86403
Individually Owned
26-yr Hold
Property ID
US07-1547190
For Lease
$1,125/Mo
1845 Mcculloch Blvd N, Lake Havasu City, AZ 86403
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1977
Construction
STEEL FRAME
Total area
22,536 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C1
APN
107-63-009
UPID
US07-1547190
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
$902k
Blend (final)
Blend
$900k
Owner & transaction history
Michael J Dagon · 26 yrs held
Michael J Dagon
since 1999
3 recorded transactions
Zoning & alternative use
C1 · Lake Havasu City, AZ
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 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
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$40 / 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
$932
Tax year 2020
Assessed value
$12,481
Assessed 2025
Previous assessed
$10,389
+20.1% YoY
Effective rate
7.47%
On assessed value
Land market value
$26,334
Improvement market value
$43,006
Total market value
$69,340
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1977
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
107-63-009
UPID
US07-1547190
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.
Building & site characteristics
From public records
Year built
1977
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Michael J Dagon
Individual
Mailing address
2425 WOOD LN, LAKE HAVASU CITY, AZ 86406-8226
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 1999
$169,900
Michael J Dagon
Cleveland Trust
Grant Deed
—
—
—
Michael J Dagon
—
Deed Of Trust
related
$90,000 · Mohave State Bank
—
—
Dagon Living Trust
—
Deed Of Trust
related
$175,000 · Shufflebotham Living Trust
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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