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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Drive through restaurants
1881 Kiowa N Blvd, Lake Havasu City, AZ 86403
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-2751606
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2017
Construction
STEEL FRAME
Total area
3,008 SF
Lot
0.92 ac (40,075 SF)
APN
115-19-003B
UPID
US07-2751606
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$984k
Blend (final)
Blend
$985k
Owner & transaction history
Barko Properties LLC · 7 yrs held
Barko Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$665,000
+0.4%
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
RESTAURANT
$660,000
Current use
AUTO REPAIR, GARAGE
$665,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$327 / 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
$16,525
Tax year 2020
Assessed value
$313,457
Assessed 2025
Previous assessed
$292,154
+7.3% YoY
Effective rate
5.27%
On assessed value
Land market value
$415,475
Improvement market value
$1,325,952
Total market value
$1,741,427
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
3,008 SF
Lot
0.92 ac (40,075 SF)
APN
115-19-003B
UPID
US07-2751606
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
RESTAURANT Current
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$665,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
2017
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Barko Properties LLC
Entity
Mailing address
4604 TARANTELLA LN, SAN DIEGO, CA 92130-2464
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2019
$2,650,000
Barko Properties LLC
1881 Havasu LLC
Grant Deed
—
Dec 13, 2017
—
1881 Havasu LLC
Bocchi Family Trust
Grant Deed
related
—
Sep 20, 2017
$254,000
Bocchi Family Trust
Bcb-wb Partners LLC
Warranty Deed
—
Oct 12, 2016
$2,073,179
Bcb-wb Partners LLC
1881 Kiowa LLC
Grant Deed
—
Sep 8, 2016
$1,135,000
1881 Kiowa LLC
Donald C Lay
Special Warranty Deed
$794,500 · Mohave State Bank
Oct 10, 2013
—
Lay,d C & M J Trust
Jp Morgan Chase Bk
Quit Claim Deed
related
—
Jan 27, 2010
$550,000
Lay Donald C & Marion J Trust
Jpmorgan Chase Bank NA
Grant Deed
$275,000 · Mohave State Bank
Mar 6, 2009
$758,249
Jpmorgan Chase Bank NA
Folks Larry O
Trustees Deed
related
—
Sep 20, 1999
$360,000
Marble Investments LLC
Bank One Arizona
Grant Deed
$288,000 · Bank One Arizona
—
—
Lay,donald C & Marion J Tr
—
Deed Of Trust
related
$500,000 · Mohave State Bank
—
—
Marble Investments I LLC
—
Deed Of Trust
related
$950,000 · Bank One Arizona
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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