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Property profile & analytics
FOR SALE
Apartment buildings
320 Lee Ave, Bullhead City, AZ 86429
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1675905
For Sale
1 / 5
$8,300,000
320 Lee Ave, Bullhead City, AZ 86429
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
STEEL FRAME
Total area
44,352 SF
Lot
2.5 ac (108,900 SF)
APN
214-06-103
UPID
US07-1675905
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
-
Primo Water Refill Big Box & Wholesale Store
-
Sunrise Apartments Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.75M
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$4.39M
Owner & transaction history
Diamond Elite Desert LLC · 4 yrs held
Diamond Elite Desert LLC
since 2022
Last sale
$4.8M
6 recorded transactions
Zoning & alternative use
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 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
$3,760,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,145,000
6.5%
$4,750,000
7%
$4,410,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,175,000
Current use
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±10% · vs last sale $4.84M (Mar 4 2022)
Last sale anchor
$4.84M
Mar 4 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
$99 / 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
$12,071
Tax year 2020
Assessed value
$312,488
Assessed 2025
Previous assessed
$325,682
-4.1% YoY
Effective rate
3.86%
On assessed value
Land market value
$352,153
Improvement market value
$2,772,730
Total market value
$3,124,883
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
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
For Sale
Year built
1991
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
3
Total area
44,352 SF
Lot
2.5 ac (108,900 SF)
APN
214-06-103
UPID
US07-1675905
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS) Current
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
1991
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
3
Lot
2.5 ac
Current owner
From public records · entity-resolved
Diamond Elite Desert LLC
Entity
Mailing address
913 E 8TH ST, CASA GRANDE, AZ 85122-3502
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
Nov 7, 2023
—
Diamond Elite Desert LLC
—
Deed
related
$5,039,544 · Lima One Capital LLC
Mar 4, 2022
$4,844,150
Diamond Elite Desert LLC
Mp Bhc LLC
Special Warranty Deed
$7,065,000 · Emg Transfer Agent LLC
May 3, 2016
—
Mp Bhc LLC
—
Deed
related
$817,000 · Mohave State Bank
Feb 28, 2011
—
Mp Bhc LLC
Mp Bhc Hotel LLC
Quit Claim Deed
related
$240,000 · Mission Bank
Dec 16, 2010
$500,000
Mp Bhc Hotel LLC
Td Service Co Of Az
Trustees Deed
—
—
—
Mp Bhc LLC
—
Deed Of Trust
related
$817,000 · Mohave St 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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