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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Medical Office Space
2035 Mesquite Ave, Lake Havasu City, AZ 86403-5894
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1405426
Property summary
AI-generated overview
This exceptional 5,679-square-foot medical office space in Lake Havasu City, Arizona, presents a prime leasing opportunity. Located at 2035 Mesquite Ave, at the prominent corner of Mesquite Ave and Smoketree Ave, this single-story building sits on a 0.58-acre lot and is part of the Lake Havasu City Medical District, near the Lake Havasu City Regional Hospital. Built in 1999, the property features 13 exam rooms, 7 offices, dual lobbies, and 5 bathrooms, along with ample utility and closet space. Currently vacant, this space is zoned L-C-1 General Commercial (APN: 108-06-140) and offers significant flexibility. The layout can be customized, and it's even possible to divide the space into two units to accommodate the needs of multiple tenants. The lease rate is $1.65 per square foot per month, plus NNN charges. This represents a rare chance to secure a high-quality medical facility in a desirable location. Available Fall 2024.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2000
Construction
CONCRETE
Total area
6,656 SF
Lot
0.65 ac (28,314 SF)
Zoning code
R4
APN
108-06-141
UPID
US07-1405426
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
-
Smith Ronald G PhD Physician Medical Clinic
-
Edmund Mitchell Pediatrician Physician
-
Burt Faibisoff Physician Medical Clinic
-
Tiarra Sitzer Pediatrician Physician
-
Dr. Randal Troyer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.41M
Owner & transaction history
Bobby Stark · 5 yrs held
Bobby Stark
since 2020
4 recorded transactions
Zoning & alternative use
R4 · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+53.9%
Restaurant
$1.5M
+53.2%
Apartment house (5+ units)
$1.1M
+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
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
$955,000
Current use
AUTO REPAIR, GARAGE
$1,470,000
Change: +54% · Conversion: Difficult
RESTAURANT
$1,460,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,100,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$890,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$211 / 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
$15,913
Tax year 2020
Assessed value
$344,289
Assessed 2025
Previous assessed
$344,289
+0.0% YoY
Effective rate
4.62%
On assessed value
Land market value
$333,575
Improvement market value
$1,961,687
Total market value
$2,295,262
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
2000
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
2
Total area
6,656 SF
Lot
0.65 ac (28,314 SF)
Zoning code
R4
APN
108-06-141
UPID
US07-1405426
Jurisdiction
MOHAVE
Zoning & alternative use
R4 · Lake Havasu City, AZ
Zoning R4 · permitted uses
R4 · Lake Havasu City, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Havasu City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$890,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
2000
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Bobby Stark
Individual
Mailing address
1990 MCCULLOCH BLVD N STE #1101, LAKE HAVASU CITY, AZ 86403-5749
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2020
$2,650,000
Bobby Stark
Bob Management Co LLC
Grant Deed
related
$100,000 · Bob Management Co LLC
Oct 2, 2012
—
Bob Management Co LLC
Bob Management LLC
Quit Claim Deed
related
$1,500,000 · Horizon Community Bank
Sep 26, 2008
—
Bob Management LLC
B-1 Hangar LLC
Warranty Deed
related
—
Jul 19, 2001
—
B O B Management Co LLC
—
Deed Of Trust
related
$1,074,759 · Bank One NA
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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