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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Strip malls
2775 Miracle Mile, Bullhead City, AZ 86442-3718
Individually Owned
3-yr Hold
Free & Clear
Property ID
US07-3196557
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
5,000 SF
Lot
0.55 ac (23,958 SF)
APN
220-15-227R
UPID
US07-3196557
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
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
-
Eliot Finkelstein Real Estate Agency
-
Tim Allen - Realtor Real Estate Agency
-
Total Health Clinic of Chiropractic Alternative Medicine Practice
-
928 Smoke & Vape (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$756k
Blend (final)
Blend
$640k
Owner & transaction history
Clarence J Noreikas · 3 yrs held
Clarence J Noreikas
since 2022
Last sale
$490,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$810,000
+49.4%
Auto repair, garage
$590,000
+9.2%
Medical building
$580,000
+7.4%
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 Bullhead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bullhead 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
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Current use
APARTMENT HOUSE (5+ UNITS)
$810,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$580,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$525,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $490k (Dec 15 2022)
Last sale anchor
$490k
Dec 15 2022
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
$128 / 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
$8,104
Tax year 2020
Assessed value
$143,751
Assessed 2025
Previous assessed
$111,192
+29.3% YoY
Effective rate
5.64%
On assessed value
Land market value
$89,730
Improvement market value
$708,886
Total market value
$798,616
Applied tax rate
1,579.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
5,000 SF
Lot
0.55 ac (23,958 SF)
APN
220-15-227R
UPID
US07-3196557
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$590,000
MEDICAL BUILDING
Est. value
$580,000
RETAIL STORES
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2000
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Clarence J Noreikas
Individual
Free & Clear · 3 yrs held
Mailing address
6935 RNCH VW RD, RIVERSIDE, CA 92506-5675
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
$490,000
Clarence J Noreikas
2775 Miracle Mile LLC
Special Warranty Deed
—
Jun 29, 2016
—
2775 Miracle Mile LLC
Parekh,shehzad M
Warranty Deed
related
—
Dec 16, 2015
$425,000
Shehzad M Parekh
Khaliq,abdul & Asma
Warranty Deed
—
Aug 27, 2008
$100,000
Harley Harmon
Performance Graphics
Grant Deed
—
Mar 23, 2005
$700,000
Abdul Khaliq
Millet,constance L
Warranty Deed
$575,000 · Nevada State Bank
Jan 13, 2000
—
Roy S Tickemyer
Tickemyer Trust
Quit Claim Deed
related
$248,000 · Norwest 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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