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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Apartment buildings
2201 Sandwood Dr, Lake Havasu City, AZ 86403-3054
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0702789
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
FRAME
Total area
8,364 SF
Lot
0.39 ac (16,988 SF)
Zoning code
R
APN
104-47-164
UPID
US07-0702789
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
by Request
Comparable Approach
Comparable
$939k
Blend (final)
Blend
$940k
Owner & transaction history
Standsberry Properties LLC · 1 yrs held
Standsberry Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
R · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
APARTMENT HOUSE (5+ UNITS)
$1,380,000
Current use
MEDICAL BUILDING
$1,200,000
Change: -13% · Conversion: Moderate
OFFICE BUILDING
$1,115,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$112 / 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
$3,133
Tax year 2020
Assessed value
$111,264
Assessed 2025
Previous assessed
$98,238
+13.3% YoY
Effective rate
2.82%
On assessed value
Land market value
$110,840
Improvement market value
$1,001,801
Total market value
$1,112,641
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
1974
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
2
Bathrooms
9
Total area
8,364 SF
Lot
0.39 ac (16,988 SF)
Zoning code
R
APN
104-47-164
UPID
US07-0702789
Jurisdiction
MOHAVE
Zoning & alternative use
R · Lake Havasu City, AZ
Zoning R · permitted uses
R · 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
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
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
1974
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
9
Lot
0.39 ac
Current owner
From public records · entity-resolved
Standsberry Properties LLC
Entity
Mailing address
PO BOX 1730, LAKE HAVASU CITY, AZ 86405-1730
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2025
—
Standsberry Properties LLC
Martin L Standsberry
Deed
related
—
Feb 10, 2022
—
Ronda L Standsberry
—
Deed
related
$566,431 · Horizon Community Bank INC
Oct 15, 2019
—
Ronda L Standsberry
—
Deed
related
$350,000 · Horizon Cmnty Bk
Mar 29, 2018
—
Ronda Standsberry
—
Deed
related
$150,000 · Long Family Trust (pt)
Oct 24, 2012
—
Ronda L Standsberry
Standsberry Living Trust
Quit Claim Deed
related
—
Jan 24, 2005
—
Ronda L Standsberry
Shafer,lee B & Suzanne M
Warranty Deed
related
—
May 18, 2004
—
Lee B Shafer
Standsberry,ronda
Grant Deed
related
—
Sep 4, 2003
$475,000
Ronda Standsberry
Long,tr
Grant Deed
$330,000 · Long Trust
Feb 21, 1996
—
Long Trust
Long,terrence D
Quit Claim Deed
related
—
—
—
Long,long Trust
—
Deed Of Trust
related
$30,000 · Mohave State Bank
—
—
Ronda L Standsberry
—
Deed Of Trust
related
$350,000 · Horizon Cmnty Bk
—
—
Ronda Standsberry
—
Deed Of Trust
related
$250,000 · Long Terrence D Family Trust
—
—
Ronda Standsberry
—
Loan Modification
related
$150,000 · Long Family Trust (pt)
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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