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Property profile & analytics
OFF-MARKET
Estimated value
$475,000
Drive through restaurants
2144 Mcculloch N Blvd Lake Havasu City, AZ 86403-6714
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1253348
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1999
Construction
STEEL FRAME
Total area
4,172 SF
Lot
0.35 ac (15,246 SF)
Zoning code
CR
APN
108-12-096
UPID
US07-1253348
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
-
Healthy Happy Meal Prep Food Processing Plant
-
Tacenny Restaurant
-
Prime ACRepair Hardware & Home Improvement HVAC Service
-
Lake Havasu Farmers Market Specialty Food Shop Farmer's Market
-
Siren's Bistro & Sweets Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$969k
Blend (final)
Blend
$475k
Owner & transaction history
Eastwind LLC · 1 yrs held
Eastwind LLC
since 2024
7 recorded transactions
Zoning & alternative use
CR · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City Laws Zoning Code PDF
Top alternative use upside
Auto repair, garage
$920,000
+0.4%
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
RESTAURANT
$915,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$475k
Range $428k – $523k · ±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
$114 / 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
$6,599
Tax year 2020
Assessed value
$136,487
Assessed 2025
Previous assessed
$114,904
+18.8% YoY
Effective rate
4.83%
On assessed value
Land market value
$211,480
Improvement market value
$546,779
Total market value
$758,259
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
4,172 SF
Lot
0.35 ac (15,246 SF)
Zoning code
CR
APN
108-12-096
UPID
US07-1253348
Jurisdiction
MOHAVE
Zoning & alternative use
CR · Lake Havasu City, AZZoning CR · permitted uses
CR · Lake Havasu City, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City Laws Zoning Code PDF
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$920,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1999
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Eastwind LLC
Entity
Mailing address
2138 MCCULLOCH BLVD N, LAKE HAVASU CITY, AZ 86403-6714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
Eastwind LLC
Alex R Ross
Warranty Deed
$1,665,000 · Goldwater Bank NA
Jul 22, 2014
—
Dos Hermanas Menagement INC
Dos Hermanas Management INC
Quit Claim Deed
related
—
Jan 9, 2006
$1,150,000
Alex R Ross
Smith,lawrence F
Warranty Deed
$850,000 · Lawrence F Smith
Feb 21, 1996
$75,000
Lawrence F Smith
Zabel Trust
Grant Deed
—
—
—
Ross,alex R & Cinda J
—
Deed Of Trust
related
$1,685,000 · Horizon Cmnty Bk
—
—
Alex R Ross
—
Deed Of Trust
related
$1,585,730 · Horizon Community Bank
—
—
Alex R Ross
—
Deed Of Trust
related
$200,000 · Horizon Community Bank
—
—
Ross Alex R
—
Deed Of Trust
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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