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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Medical Office Space
25 Riviera Blvd, Lake Havasu City, AZ 86403-5694
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US07-0501922
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2009
Construction
CONCRETE
Total area
6,642 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C2
APN
107-09-032
UPID
US07-0501922
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
-
Cheryl Kingsbury, MS Physician
-
Lakeside Orthopedic Institute Medical Clinic
-
Michael Hill Wright Physician
-
Binder William F MD Physician
-
Killian Ronald B DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.41M
Owner & transaction history
Loi Building Partnership LLC · 18 yrs held
Loi Building Partnership LLC
since 2008
7 recorded transactions
Zoning & alternative use
C2 · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+53.9%
Restaurant
$1.5M
+53.2%
Apartment house (5+ units)
$1.1M
+15.2%
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
MEDICAL BUILDING
$950,000
Current use
AUTO REPAIR, GARAGE
$1,465,000
Change: +54% · Conversion: Difficult
RESTAURANT
$1,460,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,095,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$885,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$212 / 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
$24,918
Tax year 2020
Assessed value
$461,035
Assessed 2025
Previous assessed
$369,434
+24.8% YoY
Effective rate
5.40%
On assessed value
Land market value
$373,916
Improvement market value
$2,699,651
Total market value
$3,073,567
Applied tax rate
2,554.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
2
Total area
6,642 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C2
APN
107-09-032
UPID
US07-0501922
Jurisdiction
MOHAVE
Zoning & alternative use
C2 · Lake Havasu City, AZ
Zoning C2 · permitted uses
C2 · 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
MEDICAL BUILDING Current
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$885,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2009
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
3
Lot
0.76 ac
Current owner
From public records · entity-resolved
Loi Building Partnership LLC
Entity
Mailing address
25 RIVIERA DR, LAKE HAVASU CITY, AZ 86403-5713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2020
—
Loi Building Partnership LLC
—
Deed
related
$1,304,302 · Jpmorgan Chase Bank NA
Jan 23, 2020
—
Loi Buildingpartnership LLC
—
Deed
related
$955,516 · Jpmorgan Chase Bank NA
Feb 29, 2008
$1,250,000
Loi Building Partnership LLC
Wesley J Johnson
Warranty Deed
$960,610 · Jpmorgan Chase Bank NA
Dec 3, 1999
$485,000
Wesley Johnson
Bank Of America
Grant Deed
$468,000 · Bank One Arizona
—
—
Loi Building Ptshp LLC
—
Deed Of Trust
related
$1,304,302 · Jp Morgan Chase Bk
—
—
Loi Building Partnershi LLC
—
Deed Of Trust
related
$955,516 · Jp Morgan Chase Bk
—
—
Johnson Family Trust
—
Deed Of Trust
related
$403,327 · National Bank Arizona
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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