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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Office buildings
2031 Spawr Cir, Lake Havasu City, AZ 86403-1980
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1509887
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Total area
16,500 SF
Lot
2 ac (87,120 SF)
APN
115-17-003A
UPID
US07-1509887
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
-
Arizona Department of Economic Security Social Services Organization Government Office
-
Adult Protective Services Social Service Agency Charitable Organization
-
State of Arizona DES Employment Agency
-
Family Assistance Adm Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$3.26M
Owner & transaction history
Lhcv LLC · 5 yrs held
Lhcv LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+65.4%
Restaurant
$3.6M
+64.7%
Apartment house (5+ units)
$2.7M
+23.8%
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
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
OFFICE BUILDING
$2,200,000
Current use
AUTO REPAIR, GARAGE
$3,640,000
Change: +65% · Conversion: Difficult
RESTAURANT
$3,625,000
Change: +65% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,725,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$2,365,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±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
$198 / 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
$21,453
Tax year 2020
Assessed value
$805,921
Assessed 2025
Previous assessed
$645,008
+24.9% YoY
Effective rate
2.66%
On assessed value
Land market value
$586,479
Improvement market value
$3,890,861
Total market value
$4,477,340
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2019
Heating
HEAT PUMP
Stories
1
Total area
16,500 SF
Lot
2 ac (87,120 SF)
APN
115-17-003A
UPID
US07-1509887
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
OFFICE BUILDING Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RESTAURANT
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2019
Heating
HEAT PUMP
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Lhcv LLC
Entity
Mailing address
6416 S SOSSAMAN RD, MESA, AZ 85212-5812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2021
—
Lhcv LLC
—
Deed
related
$300,000 · David And Linda Schiesel Declaration Of
Dec 31, 2020
—
Lhcv LLC
Paul Northup
Quit Claim Deed
related
—
Dec 2, 2020
—
Lhcv LLC
—
Deed
related
$500,000 · Paul Northup
Nov 16, 2020
—
Lhcv LLC
—
Deed
related
$607,665 · D & L Investments
Aug 14, 2019
—
Lhcv LLC
—
Deed
related
$3,000,000 · Cogent Bank
May 22, 2019
—
Lhcv LLC
—
Deed
related
$550,000 · D & L Investments
Feb 15, 2019
—
Lhcv LLC
—
Deed
related
$275,000 · David Schiesel
Nov 1, 2018
$435,000
Lhcv LLC
Bays,michael L
Warranty Deed
—
Feb 26, 2004
$350,000
Michael L Bays
Form A Fab
Warranty Deed
—
—
—
Lhcv LLC
—
Deed Of Trust
related
$275,000 · David Schiesel
—
—
Lhcv LLC
—
Deed Of Trust
related
$550,000 · D & L Investments
—
—
Lhcv LLC
—
Deed Of Trust
related
$500,000 · Paul Northup
—
—
Lhcv LLC
—
Deed Of Trust
related
$607,665 · D & L Investments
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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