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Property profile & analytics
OFF-MARKET
Estimated value
$24,950,000
Apartment buildings
3388 Sunbeam Dr, Bullhead City, AZ 86429
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0132591
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
FRAME
Total area
15,934 SF
Lot
1.38 ac (60,113 SF)
APN
348-03-194
UPID
US07-0132591
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
$24.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.95M
Owner & transaction history
Clipper SR Bullhead City LLC · 2 yrs held
Clipper SR Bullhead City LLC
since 2024
Last sale
$25.0M
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
$24,950,000
ML approach
$24,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$24.95M
Range $22.46M – $27.45M · ±10% · vs last sale $24.95M (Mar 6 2024)
Last sale anchor
$24.95M
Mar 6 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
$1,566 / 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
$11,464
Tax year 2020
Assessed value
$263,211
Assessed 2025
Previous assessed
$274,324
-4.1% YoY
Effective rate
4.36%
On assessed value
Land market value
$108,809
Improvement market value
$2,523,302
Total market value
$2,632,111
Applied tax rate
1,533.0000
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
Off-Market
Year built
1990
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
2
Total area
15,934 SF
Lot
1.38 ac (60,113 SF)
APN
348-03-194
UPID
US07-0132591
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
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
3
Lot
1.38 ac
Current owner
From public records · entity-resolved
Clipper SR Bullhead City LLC
Entity
Mailing address
2040 HBR IS DR STE #203, SAN DIEGO, CA 92101-1018
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
—
Clipper SR Bullhead City LLC
Clipper Srbc LLC
Intrafamily Transfer
related
$17,961,000 · Northmarq Capital LLC
Mar 3, 2022
$24,950,000
Clipper Srbc LLC
Blue Parrot City LLC
Warranty Deed
$19,000,000 · Ladder Capital Finance LLC
Aug 18, 2016
$12,538,000
Blue Parrot City LLC
Stone Ridge Bullhead LP
Grant Deed
$9,560,000 · Greystone Svcg
May 30, 2007
$11,700,000
Ridge Bullhead Stone
Sad LLC
Grant Deed
$8,333,000 · Mortgage Electronic Reg Sys
Apr 21, 2003
—
Sad LLC
Empire Commercial Real Estate
Grant Deed
related
—
—
—
Sad LLC
—
Deed Of Trust
related
$5,362,000 · Arcs Commercial Mortgage Co LP
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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