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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Medical Office Space
1972 Mesquite Ave Lake Havasu City, AZ 86403-5729
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US07-3317802
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1997
Construction
STEEL FRAME
Total area
4,235 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C1
APN
107-34-021
UPID
US07-3317802
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
-
Southwest Surgery Medical Clinic Hospital
-
Dr. Alexander Zilberman, MD, FACS Physician
-
Dr. A. Nicholas Rizzo, MD Physician
-
Southwest Surgery: Dr. Terrence P. Gleason, Urologist Physician Medical Clinic
-
Bryant Liza Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$820k
Owner & transaction history
Desert Medical Properties LLC · 19 yrs held
Desert Medical Properties LLC
since 2006
4 recorded transactions
Zoning & alternative use
C1 · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City Laws Zoning Code PDF
Top alternative use upside
Auto repair, garage
$935,000
+53.9%
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
MEDICAL BUILDING
$605,000
Current use
AUTO REPAIR, GARAGE
$935,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$490,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$194 / 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
$9,303
Tax year 2020
Assessed value
$147,682
Assessed 2025
Previous assessed
$123,494
+19.6% YoY
Effective rate
6.30%
On assessed value
Land market value
$252,740
Improvement market value
$731,808
Total market value
$984,548
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
4,235 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C1
APN
107-34-021
UPID
US07-3317802
Jurisdiction
MOHAVE
Zoning & alternative use
C1 · Lake Havasu City, AZZoning 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
Source
City Laws Zoning Code PDF
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$935,000
OFFICE BUILDING
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$490,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1997
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Desert Medical Properties LLC
Entity
Mailing address
1972 MESQUITE AVE, LAKE HAVASU CITY, AZ 86403-5729
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2006
$675,000
Desert Medical Properties LLC
R G Litchfield D V M P C
Warranty Deed
$546,750 · Jpmorgan Chase Bank NA
—
—
R G Litchfield Dvm
—
Deed Of Trust
related
$32,000 · Mohave State Bank
—
—
Desert Medical Properties LLC
—
Deed Of Trust
related
$302,000 · Wells Fargo Bk
—
—
R G Litchfield D V M PC
—
Deed Of Trust
related
$243,000 · Money Store Investment Corp
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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