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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Turn key restaurants
3453 Maricopa Ave Lake Havasu City, AZ 86406-9041
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-3172954
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Construction
STEEL FRAME
Total area
4,027 SF
Lot
0.5 ac (21,780 SF)
APN
114-06-214
UPID
US07-3172954
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
-
ATM Grocery & Convenience Store
-
Tavern 95 Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$730k
Owner & transaction history
Rimca LLC · 8 yrs held
Rimca LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$890,000
+0.4%
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 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
RESTAURANT
$885,000
Current use
AUTO REPAIR, GARAGE
$890,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$181 / 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
$7,297
Tax year 2020
Assessed value
$150,945
Assessed 2025
Previous assessed
$126,933
+18.9% YoY
Effective rate
4.83%
On assessed value
Land market value
$182,950
Improvement market value
$655,636
Total market value
$838,586
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
4,027 SF
Lot
0.5 ac (21,780 SF)
APN
114-06-214
UPID
US07-3172954
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
RESTAURANT Current
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$890,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1998
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Rimca LLC
Entity
Mailing address
3453 MARICOPA AVE, LAKE HAVASU CITY, AZ 86406-9041
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2018
$750,000
Rimca LLC
Callagy,richard M & Beverly
Warranty Deed
$800,000 · Callagy Family Trust (pt)
Apr 24, 2015
—
Callagy Family Trust
Edgewater Dev LLC
Quit Claim Deed
related
—
Jul 8, 2013
$300,000
Edgewater Dev LLC
Sippel Mark A
Trustees Deed
—
Sep 10, 2008
$676,076
Jakes Bar & Grill LLC
Brown,betty J
Warranty Deed
$635,000 · Betty J Brown
Oct 4, 2004
$750,000
Betty J Brown
Columbus Investments LLC
Warranty Deed
$180,000 · Columbus Investments LLC
May 10, 2002
$379,960
Columbus Investments LLC
Winmill Properties INC
Grant Deed
—
Aug 16, 2001
$350,000
Windmill Properties INC
Mohave State Bank
Grant Deed
$280,000 · Mohave State Bank
Mar 15, 2001
—
Mohave State Bank
Stephen M Lee Trustee
Grant Deed
related
—
Nov 20, 1996
$37,500
Donald Holmes
Zurcher,timothy
Grant Deed
—
—
—
Jakes Bar & Grill LLC
—
Deed Of Trust
related
$195,000 · Richard & Beverly Callagy
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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