New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Apartment buildings
2351 Mcculloch N Blvd, Lake Havasu City, AZ 86403-5997
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0802658
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
FRAME
Total area
10,384 SF
Lot
0.92 ac (40,075 SF)
Zoning code
R4
APN
108-13-069
UPID
US07-0802658
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
-
Axius Business Solutions Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.27M
Owner & transaction history
Richard S Stout · 5 yrs held
Richard S Stout
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
R4 · 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%
$1,205,000
6.5%
$1,110,000
7%
$1,035,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,715,000
Current use
MEDICAL BUILDING
$1,490,000
Change: -13% · Conversion: Moderate
OFFICE BUILDING
$1,385,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.45M (Oct 16 2020)
Last sale anchor
$1.45M
Oct 16 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
$122 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,199
Tax year 2022
Assessed value
$118,110
Assessed 2025
Previous assessed
$139,495
-15.3% YoY
Effective rate
1.02%
On assessed value
Land market value
$429,863
Improvement market value
$751,232
Total market value
$1,181,095
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
1965
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
2
Bathrooms
12
Total area
10,384 SF
Lot
0.92 ac (40,075 SF)
Zoning code
R4
APN
108-13-069
UPID
US07-0802658
Jurisdiction
MOHAVE
Zoning & alternative use
R4 · Lake Havasu City, AZ
Zoning R4 · permitted uses
R4 · 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
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
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
1965
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
12
Lot
0.92 ac
Current owner
From public records · entity-resolved
Richard S Stout
Individual
Mailing address
7417 DOE AVE, LAS VEGAS, NV 89117-1445
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
—
Carcor LLC
—
Deed
related
$3,150,000 · Live Oak Banking Company
Dec 8, 2021
—
Ladova Properties LLC
—
Deed
related
$3,300,000 · Oneaz Cu
Mar 10, 2021
—
Ladova Properties LLC
—
Deed
related
$200,000 · Oneaz Cu
Oct 16, 2020
—
Richard S Stout
Linda Stout
Quit Claim Deed
related
—
Oct 16, 2020
$1,450,000
Carcor LLC
Richard S Stout
Warranty Deed
$899,500 · Oneaz Cu
Feb 18, 2020
—
Richard S Stout
C S Worldwide Prop Ll
Warranty Deed
related
—
Feb 19, 2008
—
C & S Worldwide Props & Invs LLC
Carieri,anthony J
Grant Deed
$925,000 · Union Bank Of California
Jan 7, 2005
$1,175,000
Anthony J Carieri
Covert Family Trust
Warranty Deed
$881,200 · Lasalle National Bank
Apr 10, 1998
$510,000
Covert Trust
Mohave State Bank
Grant Deed
related
$408,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2351 Mcculloch N Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
