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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Specialty properties
1851 Commander Dr, Lake Havasu City, AZ 86403-2920
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-0742511
Property summary
AI-generated overview
This exceptional 7,968-square-foot warehouse in Lake Havasu City, Arizona, presents a compelling investment opportunity. Located at 1851 Commander Dr, 86403, this single-story, 1978-built industrial property sits on a 0.47-acre lot and is zoned LI Light Industrial. Currently vacant, the building offers significant flexibility, adaptable for single-tenant occupancy or division into three separate units. Key features include ample parking (2,920 spaces), a full kitchen, and a substantial 2,000-square-foot mezzanine providing extra storage. The property also boasts large walk-in coolers and is fully equipped with fire sprinklers. Extensive fenced storage space surrounds the building. The asking price is $1,600,000, translating to $200.80 per square foot. The property's APN is 106-13-001. Roll-up doors could be added to the front to enhance the warehouse space. This property offers a unique blend of functionality and potential, ideal for a variety of industrial uses. Its strategic location in Mohave County, Arizona, provides easy access to key transportation routes.
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1978
Construction
STEEL FRAME
Total area
7,968 SF
Lot
0.47 ac (20,473 SF)
APN
106-13-001
UPID
US07-0742511
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
-
Our Lady of the Lake - Society of Saint Vincent de Paul - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Fae Holdings A49357 LLC · 1 yrs held
Fae Holdings A49357 LLC
since 2025
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,315,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,140,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,065,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$870,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (May 15 2024)
Last sale anchor
$1.00M
May 15 2024
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
$126 / 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
$134
Tax year 2020
Assessed value
$86,340
Assessed 2025
Previous assessed
$86,340
+0.0% YoY
Effective rate
0.16%
On assessed value
Land market value
$184,824
Improvement market value
$390,777
Total market value
$575,601
Applied tax rate
2,571.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
7,968 SF
Lot
0.47 ac (20,473 SF)
APN
106-13-001
UPID
US07-0742511
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$925,000
RETAIL STORES
Est. value
$870,000
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
1978
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Fae Holdings A49357 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
36194 HIGHLAND AVE, YUCAIPA, CA 92399-9724
Ownership since
2025
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
Jun 6, 2025
$1,175,000
Fae Holdings A49357 LLC
Michelle Bradley
Special Warranty Deed
—
May 15, 2024
$1,000,000
Michelle Bradley
St Vincent De Paul Society Of Lake
Special Warranty Deed
$875,000 · Active Funding Group LLC
May 15, 2024
—
Michelle Bradley
Don Bradley
Intrafamily Transfer
related
—
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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