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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Retail space
1920 Holly Ave, Lake Havasu City, AZ 86403-2801
Trust Owned
9-yr Hold
Free & Clear
Property ID
US07-1320496
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
STEEL FRAME
Total area
6,780 SF
Lot
0.53 ac (23,087 SF)
Zoning code
MI
APN
106-22-007
UPID
US07-1320496
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
-
Rudy Glass Company Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.03M
Owner & transaction history
Jehle Living Trust · 9 yrs held
Jehle Living Trust
since 2016
1 recorded transaction
Zoning & alternative use
MI · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+102.5%
Restaurant
$1.5M
+101.7%
Apartment house (5+ units)
$1.1M
+51.6%
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
RETAIL STORES
$740,000
Current use
AUTO REPAIR, GARAGE
$1,495,000
Change: +103% · Conversion: Difficult
RESTAURANT
$1,490,000
Change: +102% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,120,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$970,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$790,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$151 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,049
Tax year 2022
Assessed value
$121,947
Assessed 2025
Previous assessed
$103,084
+18.3% YoY
Effective rate
0.86%
On assessed value
Land market value
$201,706
Improvement market value
$475,776
Total market value
$677,482
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
6,780 SF
Lot
0.53 ac (23,087 SF)
Zoning code
MI
APN
106-22-007
UPID
US07-1320496
Jurisdiction
MOHAVE
Zoning & alternative use
MI · Lake Havasu City, AZ
Zoning MI · permitted uses
MI · 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
RETAIL STORES Current
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$970,000
OFFICE BUILDING
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Jehle Living Trust
Trust
Free & Clear · 9 yrs held
Mailing address
3670 VEGA DR, LAKE HAVASU CITY, AZ 86404-1725
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2016
—
Jehle Living Trust
Jehle,rudy
Quit Claim Deed
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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