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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Retail space
2079 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6667
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-1291829
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
CONCRETE
Total area
5,326 SF
Lot
0.28 ac (12,197 SF)
APN
108-06-103
UPID
US07-1291829
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
-
Funky Junk LHC Clothing & Fashion Store
-
La Fiesta Pool & Spa Care (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$675k
Owner & transaction history
3qci LLC · 1 yrs held
3qci LLC
since 2025
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$880,000
+51.6%
Medical building
$765,000
+31.6%
Office building
$710,000
+22.5%
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
$915,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$880,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$620,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$575,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $600k (Sep 23 2020)
Last sale anchor
$600k
Sep 23 2020
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
$127 / 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
$3,675
Tax year 2020
Assessed value
$82,383
Assessed 2025
Previous assessed
$70,606
+16.7% YoY
Effective rate
4.46%
On assessed value
Land market value
$180,416
Improvement market value
$277,268
Total market value
$457,684
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
5,326 SF
Lot
0.28 ac (12,197 SF)
APN
108-06-103
UPID
US07-1291829
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
RETAIL STORES Current
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$880,000
MEDICAL BUILDING
Est. value
$765,000
OFFICE BUILDING
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$575,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
3qci LLC
Entity
Free & Clear · 1 yrs held
Mailing address
787 MALIBU CIR, LAKE HAVASU CITY, AZ 86403-6947
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
—
3qci LLC
Michael Hogue
Special Warranty Deed
—
Oct 30, 2024
$1,145,000
Michael L Hogue
Aces Development Corporation INC
Special Warranty Deed
—
Oct 30, 2024
—
Michael L Hogue
Maureen Hogue
Deed
related
$100,000 · The Foothills Bank
Sep 23, 2020
$600,000
Aces Dev Corp
Donald T Hodel
Grant Deed
—
Sep 10, 2013
—
Hodel,d T & K S Living Trust
Hodel,donald & Kathleen
Quit Claim Deed
related
—
Jan 31, 2000
—
Donald T Hodel
Sonney Amusement Enterprises
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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