New search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Apartment buildings
2479 Constellation Dr, Lake Havasu City, AZ 86403-4913
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0093808
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
TILT-UP CONCRETE
Total area
4,500 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R3
APN
106-08-063
UPID
US07-0093808
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
$505k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Charles Alford JR · 1 yrs held
Charles Alford JR
since 2024
Last sale
$505,000
7 recorded transactions
Zoning & alternative use
R3 · 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
$505,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$450,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$745,000
Current use
MEDICAL BUILDING
$645,000
Change: -13% · Conversion: Moderate
OFFICE BUILDING
$600,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $505k (Jul 11 2024)
Last sale anchor
$505k
Jul 11 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
$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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,404
Tax year 2022
Assessed value
$92,190
Assessed 2025
Previous assessed
$92,190
+0.0% YoY
Effective rate
1.52%
On assessed value
Land market value
$88,246
Improvement market value
$833,654
Total market value
$921,900
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
1969
Construction
TILT-UP CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
5
Total area
4,500 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R3
APN
106-08-063
UPID
US07-0093808
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
$745,000
MEDICAL BUILDING
Est. value
$645,000
OFFICE BUILDING
Est. value
$600,000
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
1969
Construction
TILT-UP CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.29 ac
Current owner
From public records · entity-resolved
Charles Alford JR
Individual
Mailing address
3551 CHEMEHUEVI BLVD, LAKE HAVASU CITY, AZ 86406-6328
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
—
Charles Alford JR
Charles Alford JR
Intrafamily Transfer
related
—
Dec 30, 2020
$505,000
Alford Charles JR.
I Diana Newman
Warranty Deed
—
Mar 17, 2020
—
Diana Newman
Billy Jack Newman
Affidavit Of Death Of Joint Tenant
related
—
Oct 28, 2011
$153,500
Bill Newman
Sterling Svgs Bk
Grant Deed
—
Aug 9, 2011
$175,000
Sterling Svgs Bk
Baron Carol M
Trustees Deed
related
—
Aug 9, 2005
$350,000
Jorge A Marciano
Tibbits,kim C & Sharon A
Warranty Deed
—
Jul 20, 1999
$125,000
Kim C Tibbits
Barnes,barnes Trust
Grant Deed
$100,000 · Barnes Trust
—
—
Kim C Tibbits
—
Deed Of Trust
related
$140,000 · Mohave State Bank
—
—
Jorge A Marciano
—
Deed Of Trust
related
$211,000 · Sterling Savings 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 2479 Constellation Dr?
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.
