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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Apartment buildings
2124 Moyo Dr, Lake Havasu City, AZ 86403-5850
Individually Owned
4-yr Hold
Free & Clear
Property ID
US07-0051304
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
FRAME
Total area
2,856 SF
Lot
0.33 ac (14,375 SF)
Zoning code
R3
APN
108-06-145
UPID
US07-0051304
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$305k
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$505k
Owner & transaction history
Aliyar Pareed · 4 yrs held
Aliyar Pareed
since 2022
Last sale
$515,000
4 recorded transactions
Zoning & alternative use
R3 · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$630,000
+33.6%
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
$410,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$330,000
6.5%
$305,000
7%
$285,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$470,000
Current use
AUTO REPAIR, GARAGE
$630,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$410,000
Change: -13% · Conversion: Moderate
OFFICE BUILDING
$380,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $515k (Jan 13 2022)
Last sale anchor
$515k
Jan 13 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
$177 / 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
$1,335
Tax year 2020
Assessed value
$58,510
Assessed 2025
Previous assessed
$47,932
+22.1% YoY
Effective rate
2.28%
On assessed value
Land market value
$96,243
Improvement market value
$488,856
Total market value
$585,099
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
5
Total area
2,856 SF
Lot
0.33 ac (14,375 SF)
Zoning code
R3
APN
108-06-145
UPID
US07-0051304
Jurisdiction
MOHAVE
Zoning & alternative use
R3 · Lake Havasu City, AZ
Zoning R3 · permitted uses
R3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$630,000
MEDICAL BUILDING
Est. value
$410,000
OFFICE BUILDING
Est. value
$380,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1973
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.33 ac
Current owner
From public records · entity-resolved
Aliyar Pareed
Individual
Free & Clear · 4 yrs held
Mailing address
2270 PALMER DR, LAKE HAVASU CITY, AZ 86406-8120
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
$515,000
Aliyar Pareed
Jose F Reveles
Special Warranty Deed
—
Nov 4, 2019
—
Reveles Family Trust
Jose Reveles
Quit Claim Deed
related
—
Sep 1, 2004
$299,000
Jose Reveles
Orourke Patrick & Karen M
Warranty Deed
—
Aug 15, 2002
$157,000
O Rourke Patrick
Eich,dora F
Grant Deed
$109,900 · Mohave State Bank
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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