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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Drive through restaurants
230 Swanson Ave, Lake Havasu City, AZ 86403-0966
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0587690
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2001
Construction
STEEL FRAME
Total area
6,332 SF
Lot
1.15 ac (50,094 SF)
APN
107-38-017A
UPID
US07-0587690
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
$1.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$1.85M
Owner & transaction history
Michelle J Bradley · 2 yrs held
Michelle J Bradley
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+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
$1,850,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,390,000
Current use
AUTO REPAIR, GARAGE
$1,395,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.85M (Jan 26 2024)
Last sale anchor
$1.85M
Jan 26 2024
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
$292 / 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
$19,521
Tax year 2020
Assessed value
$354,610
Assessed 2025
Previous assessed
$371,232
-4.5% YoY
Effective rate
5.50%
On assessed value
Land market value
$505,220
Improvement market value
$1,464,835
Total market value
$1,970,055
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
2001
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
6,332 SF
Lot
1.15 ac (50,094 SF)
APN
107-38-017A
UPID
US07-0587690
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
RESTAURANT Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
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
2001
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Michelle J Bradley
Individual
Mailing address
36194 HIGHLAND AVE, YUCAIPA, CA 92399-9724
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
—
Michelle J Bradley
—
Deed
related
$400,000 · Bleecker Family Trust LLC
Apr 23, 2024
—
Michelle J Bradley
—
Deed
related
$1,300,000 · Bleecker Family Trust LLC
Jan 26, 2024
$1,850,000
Michelle J Bradley
Peterson & Burge LLC
Special Warranty Deed
$1,200,000 · Charles A Goad Etux
Jan 26, 2024
—
Michelle J Bradley
Don Bradley
Deed
related
—
Jul 15, 2022
—
Peterson And Burge LLC
—
Deed
related
$156,500,000 · First Horizon Bank
Oct 2, 2017
—
Hot Pizzas LLC
—
Grant Deed
related
$81,000,000 · Regions Bk
Jun 12, 2014
—
Peterson & Burge LLC
—
Loan Modification, Consolidation And Extension
related
$90,000,000 · Regions Fin'l
Jun 19, 2013
$500,000
Peterson & Burge LLC
Mohave Pizza INC
Warranty Deed
related
—
—
—
Mohave Pizza INC
—
Deed Of Trust
related
$1,115,000 · Home State Bank
—
—
Peterson & Burge LLC
—
Deed Of Trust
related
$48,000,000 · First Tn Bk
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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