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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Medical Office Space
2005 Injo Dr Lake Havasu City, AZ 86403-5874
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0132594
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1998
Construction
STEEL FRAME
Total area
5,238 SF
Lot
0.56 ac (24,394 SF)
Zoning code
R3
APN
108-09-133
UPID
US07-0132594
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
-
Julie Martin Essentials Life Coach
-
Experience Reiki Alternative Medicine Practice
-
Southwest Kidney Institute, PLC Medical Clinic
-
Keene Camille Y MD Physician
-
Liz Urrea Licensed Esthetican Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$875k
Owner & transaction history
Serendip Holdings LLC · 1 yrs held
Serendip Holdings LLC
since 2024
Last sale
$767,250
7 recorded transactions
Zoning & alternative use
R3 · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City Laws Zoning Code PDF
Top alternative use upside
Auto repair, garage
$1.2M
+53.9%
Restaurant
$1.2M
+53.2%
Apartment house (5+ units)
$865,000
+15.2%
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
$615,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$750,000
Current use
AUTO REPAIR, GARAGE
$1,155,000
Change: +54% · Conversion: Difficult
RESTAURANT
$1,150,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$700,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$610,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $767k (Nov 17 2022)
Last sale anchor
$767k
Nov 17 2022
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
$167 / 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
$11,513
Tax year 2020
Assessed value
$190,425
Assessed 2025
Previous assessed
$158,357
+20.3% YoY
Effective rate
6.05%
On assessed value
Land market value
$297,228
Improvement market value
$972,272
Total market value
$1,269,500
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
5,238 SF
Lot
0.56 ac (24,394 SF)
Zoning code
R3
APN
108-09-133
UPID
US07-0132594
Jurisdiction
MOHAVE
Zoning & alternative use
R3 · Lake Havasu City, AZZoning R3 · permitted uses
R3 · 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
$750,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
OFFICE BUILDING
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$610,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1998
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Serendip Holdings LLC
Entity
Mailing address
1050 MOHICAN DR, LAKE HAVASU CITY, AZ 86406-7213
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
$850,000
Serendip Holdings LLC
Sharon Annette Castle
Warranty Deed
—
Nov 17, 2022
—
Sharon Annette Castle
Sharon Annette Castle
Intrafamily Transfer
related
—
Oct 1, 2020
$767,250
Castle,sharon A Tr
Goais INC
Grant Deed
—
Sep 28, 2007
$865,000
Goals INC
Ellena J J & K L Family Trust
Warranty Deed
$560,000 · Zions First National Bank
Jan 12, 2007
—
Ellena J J & K L Family Trust
Ellena,john J & Kelly L
Quit Claim Deed
related
—
Jun 14, 2005
$665,000
John J Ellena
Don F Christie
Warranty Deed
$498,750 · Wells Fargo Bank NA
Jun 14, 2005
—
John J Ellena
Christie,don F & Eileen R
Grant Deed
related
—
Jul 27, 1999
$697,500
Don F Christie
Panza,joe & Linda L
Grant Deed
$400,000 · Hinsbrook Bank & Trust
Jan 2, 1998
$530,000
Joe Panza
Nash,michael T & Janet A
Grant Deed
$330,000 · Mohave State Bank
—
—
Eileen R Christie
—
Deed Of Trust
related
$375,000 · Wells Fargo Bank 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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