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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Industrial properties
2021 Holly Ave Lake Havasu City, AZ 86403-2805
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1116516
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1991
Construction
CONCRETE
Total area
6,000 SF
Lot
0.49 ac (21,344 SF)
APN
106-41-002B
UPID
US07-1116516
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
-
Maxim Firearms Gun Shop
-
Canyon Country Truck Auto & RV Auto Repair Shop
-
3 D Engineering Industrial Manufacturer
-
Nimbus Enterprizes Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$1.09M
Owner & transaction history
Bg & Sm Properties LLC · 4 yrs held
Bg & Sm Properties LLC
since 2022
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+89.8%
Restaurant
$1.3M
+89.0%
Apartment house (5+ units)
$990,000
+42.1%
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
$1,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$695,000
Current use
AUTO REPAIR, GARAGE
$1,325,000
Change: +90% · Conversion: Difficult
RESTAURANT
$1,320,000
Change: +89% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$990,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$860,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$800,000
Change: +15% · Conversion: Easy
RETAIL STORES
$655,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $1.50M (Jun 10 2022)
Last sale anchor
$1.50M
Jun 10 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
$181 / 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
$5,157
Tax year 2020
Assessed value
$111,022
Assessed 2025
Previous assessed
$92,584
+19.9% YoY
Effective rate
4.65%
On assessed value
Land market value
$190,961
Improvement market value
$425,827
Total market value
$616,788
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
1991
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
6,000 SF
Lot
0.49 ac (21,344 SF)
APN
106-41-002B
UPID
US07-1116516
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
COMMERCIAL (GENERAL) Current
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$990,000
MEDICAL BUILDING
Est. value
$860,000
OFFICE BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$655,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
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
1991
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Bg & Sm Properties LLC
Entity
Mailing address
2021 HOLLY AVE, LAKE HAVASU CITY, AZ 86403-2805
Ownership since
2022
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
Jun 10, 2022
$1,500,000
Bg & Sm Properties LLC
Steven William Donnelly
Warranty Deed
$1,200,000 · Zb NA
Aug 4, 2021
—
Steven William Donnelly
Fay Donnelly
Intrafamily Transfer
related
—
Feb 22, 2017
—
Steven W Donnelly
Donnelly Frank & Fay Trust
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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