Individually Owned 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
Current use
Occupant on record · Public records
-
Physician Medical Clinic
-
Pediatrician Physician
-
Physician Medical Clinic
-
Pediatrician Physician
-
Physician
Location
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
since 2020
4 recorded transactions
Zoning & alternative use
R4 · Lake Havasu City, AZ
Top alternative use upside
Auto repair, garage
$1.5M
+53.9%
Restaurant
$1.5M
+53.2%
Apartment house (5+ units)
$1.1M
+15.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.41M
Value range
$1.26M – $1.55M
±10% around blend
Estimated value / SF
$211 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.26M
blend $1.41M
$1.55M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,656 SF
Lot area
0.65 ac
Year built
2000
Stories
2
APN
108-06-141
Zoning
R4
Assessed value
$344,289
Annual tax
$15,913
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.41M
Range $748k – $1.41M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.41M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 38 sales
$143
+47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $211/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+54%
vs current-use indication
Restaurant
Apartment House (5+ Units)
Medical Building · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$344k
Move the market yield to see immediate price impact.
Value / SF
$52
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$22k
$434k
$310k
$241k
$24k
$482k
$344k
$268k
$27k
$530k
$379k
$295k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, AZZoning R4 · permitted uses
R4 · Lake Havasu City, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R4
Jurisdiction
Lake Havasu City, AZ
Recorded code
R4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R4 in Lake Havasu City, AZ.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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