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Property profile & analytics
OFF-MARKET
Estimated value
$8,685,000
Strip malls
1980 Mcculloch N Blvd, Lake Havasu City, AZ 86403-0969
Entity Owned
15-yr Hold
Free & Clear
Property ID
US07-1346183
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
CONCRETE
Total area
57,428 SF
Lot
5.51 ac (240,016 SF)
APN
107-28-003B
UPID
US07-1346183
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
-
Albertsons Grocery & Convenience Store Food Market
-
Albertsons Deli Food Market Restaurant
-
Albertsons Pharmacy Pharmacy
-
Starbucks Cafe & Coffee Shop
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.68M
Blend (final)
Blend
$8.69M
Owner & transaction history
Cole Ab Lake Havasu City Az Ll · 15 yrs held
Cole Ab Lake Havasu City Az Ll
since 2010
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.7M
+103.8%
Restaurant
$12.6M
+103.0%
Apartment house (5+ units)
$9.5M
+52.6%
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
NEIGHBORHOOD: SHOPPING CENTER
$6,215,000
Current use
AUTO REPAIR, GARAGE
$12,670,000
Change: +104% · Conversion: Difficult
RESTAURANT
$12,615,000
Change: +103% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,485,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$8,235,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$7,660,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,675,000
Change: +7% · Conversion: Easy
RETAIL STORES
$6,255,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$8.69M
Range $7.82M – $9.55M · ±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 2020Property tax & assessments
Tax year 2020
Tax billed
$70,830
Tax year 2020
Assessed value
$2,187,389
Assessed 2025
Previous assessed
$1,725,434
+26.8% YoY
Effective rate
3.24%
On assessed value
Land market value
$1,587,845
Improvement market value
$10,564,316
Total market value
$12,152,161
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
57,428 SF
Lot
5.51 ac (240,016 SF)
APN
107-28-003B
UPID
US07-1346183
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$12.7M
RESTAURANT
Est. value
$12.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$6.7M
RETAIL STORES
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
5.51 ac
Current owner
From public records · entity-resolved
Cole Ab Lake Havasu City Az Ll
Entity
Free & Clear · 15 yrs held
Mailing address
2325 E CAMELBACK RD, PHOENIX, AZ 85016-3422
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2010
—
Cole Ab Lake Havasu City Az Ll
—
Deed Of Trust
related
$133,025,000 · J P Morgan Chase Bank
Oct 28, 2010
$7,103,221
Cole Ab Lake Havasu City Az Ll
Abs Sw Investor LLC
Grant Deed
—
Jul 24, 2006
$4,000,000
Abs Sw Investor LLC
Albertsons LLC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
Oct 13, 2000
$1,900,000
Albertsons INC
Rjr-lincoln Associates
Grant Deed
—
—
—
Abs Sw Investor LLC
—
Deed Of Trust
related
$945,000 · Greenwich Capital Fin'l INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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