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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Industrial properties
1950 Commander Dr Lake Havasu City, AZ 86403-2841
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0089854
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1986
Construction
CONCRETE
Total area
12,960 SF
Lot
0.88 ac (38,333 SF)
Zoning code
MI
APN
106-22-029A
UPID
US07-0089854
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
-
Scott's Insane Choppers Auto Repair Shop
-
Rayne Water Conditioning Home Appliance Store Hardware & Home Improvement
-
Advantage Windshield & Glass General Contractor Renovation Specialist
-
Bob's My Shop Auto Repair Shop
-
Nimbus Enterprizes Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.33M
Owner & transaction history
54 Del Rio LLC · 4 yrs held
54 Del Rio LLC
since 2021
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
MI · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.1M
+42.1%
Medical building
$1.9M
+23.3%
Office building
$1.7M
+14.8%
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
$1,405,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,895,000
6.5%
$1,750,000
7%
$1,625,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,505,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,140,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$1,860,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$1,730,000
Change: +15% · Conversion: Easy
RETAIL STORES
$1,410,000
Change: -6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,405,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.40M (Dec 7 2021)
Last sale anchor
$1.40M
Dec 7 2021
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
$103 / 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
$7,407
Tax year 2020
Assessed value
$151,640
Assessed 2025
Previous assessed
$127,999
+18.5% YoY
Effective rate
4.88%
On assessed value
Land market value
$293,593
Improvement market value
$548,850
Total market value
$842,443
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
SPACE
Stories
1
Total area
12,960 SF
Lot
0.88 ac (38,333 SF)
Zoning code
MI
APN
106-22-029A
UPID
US07-0089854
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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1986
Construction
CONCRETE
Heating
SPACE
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
54 Del Rio LLC
Entity
Mailing address
5435 E PEAK VW RD, CAVE CREEK, AZ 85331-6309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 7, 2021
$1,400,000
54 Del Rio LLC
Rolands Investments INC
Special Warranty Deed
$1,050,000 · Ronalds Investments INC
—
—
Rolands Investments INC
—
Deed Of Trust
related
$500,000 · Mohave State Bank
—
—
Rolands Investments INC
—
Deed Of Trust
related
$250,000 · 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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