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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Office buildings
3505 Maricopa Ave, Lake Havasu City, AZ 86406-9039
Trust Owned
20-yr Hold
~
Est. High Equity
Property ID
US07-0504045
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
4,455 SF
Lot
0.29 ac (12,632 SF)
APN
114-06-191
UPID
US07-0504045
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
-
Havasu Realty Real Estate Agency
-
suzansellshavasu Real Estate Agency
-
Tiffani Lambro | REALTOR | HAVASU REALTY 928.277.9166 Real Estate Agency
-
Suzan James Havasu Realty Real Estate Agency
-
Susan Ballard Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$930k
Owner & transaction history
Grier Family Trust · 20 yrs held
Grier Family Trust
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+52.9%
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
OFFICE BUILDING
$645,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$640,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$209 / 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
$9,735
Tax year 2020
Assessed value
$258,261
Assessed 2025
Previous assessed
$206,488
+25.1% YoY
Effective rate
3.77%
On assessed value
Land market value
$91,528
Improvement market value
$1,343,255
Total market value
$1,434,783
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
2
Total area
4,455 SF
Lot
0.29 ac (12,632 SF)
APN
114-06-191
UPID
US07-0504045
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
OFFICE BUILDING Current
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$985,000
MEDICAL BUILDING
Est. value
$640,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL 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
2005
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Grier Family Trust
Trust
Mailing address
3505 MARICOPA AVE, LAKE HAVASU CITY, AZ 86406-9039
Ownership since
2006
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
Jun 5, 2006
—
Grier Family Trust
Grier,curtis & Patricia
Quit Claim Deed
related
—
Oct 28, 2004
—
Curtis Grier
Stewart,paul & Jerilynn A
Warranty Deed
related
—
Sep 17, 2002
$42,500
Paul Stewart
Steele,darren J & Kristine R
Grant Deed
—
—
—
Grier Family Trust
—
Deed Of Trust
related
$353,150 · Jp Morgan Chase Bk
—
—
Grier Family Trust
—
Deed Of Trust
related
$600,000 · Horizon Community Bank
—
—
Grier Family Trust
—
Deed Of Trust
related
$400,000 · National Bank Arizona
—
—
Grier Family Trust
—
Deed Of Trust
related
$100,000 · 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.
Try Rey
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