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Property profile & analytics
FOR LEASE
Office buildings
375 Lake Havasu Ave S, Lake Havasu City, AZ 86403
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-1306154
For Lease
1 / 14
$1,850/Mo
375 Lake Havasu Ave S, Lake Havasu City, AZ 86403
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
CONCRETE
Total area
3,922 SF
Lot
0.23 ac (10,019 SF)
APN
107-29-027
UPID
US07-1306154
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
-
Miracle-Ear Hearing Aid Center Hearing Aid Repair Service Hearing Aid Store
-
Brooks-Clark & Associates Real Estate: Julia Roberts Real Estate Agency
-
Colleen Rose Realtor Real Estate Agency
-
Mary Jackson REALTOR Real Estate Agency
-
Lake Havasu Real Estate - Lew Jabro, Realtor ~HavasuLew Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$775k
Blend (final)
Blend
$775k
Owner & transaction history
River Property Investment LLC · 5 yrs held
River Property Investment LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$865,000
+65.4%
Medical building
$560,000
+7.5%
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
$525,000
Current use
AUTO REPAIR, GARAGE
$865,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$560,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$198 / 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
$7,463
Tax year 2020
Assessed value
$195,047
Assessed 2025
Previous assessed
$154,644
+26.1% YoY
Effective rate
3.83%
On assessed value
Land market value
$156,426
Improvement market value
$927,168
Total market value
$1,083,594
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
For Lease
Year built
1992
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
2
Total area
3,922 SF
Lot
0.23 ac (10,019 SF)
APN
107-29-027
UPID
US07-1306154
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
$525,000
AUTO REPAIR, GARAGE
Est. value
$865,000
MEDICAL BUILDING
Est. value
$560,000
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
1992
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
River Property Investment LLC
Entity
Free & Clear · 5 yrs held
Mailing address
406 N RIM RNCH PT, PAYSON, AZ 85541-6671
Ownership since
2021
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
Mar 23, 2021
—
River Property Investment LLC
James Pryor Properties LLC
Warranty Deed
—
Dec 1, 2020
$670,000
James Pryor Properties LLC
Aldridge Insurance Service
Grant Deed
—
Jan 12, 2018
$437,000
Aldridge Insurance Svcs LLC
Neal,john & Vonda
Warranty Deed
$387,500 · Chad R Budge
Apr 9, 2015
—
Neal,john & Vonda Trust
Coarra LLC
Warranty Deed
related
—
Nov 19, 2014
$425,000
Coarra LLC
Johnson,j L & P M Trustee
Grant Deed
—
Apr 14, 2000
—
Johnson Trust
Johnson,jerry L & Paulette
Quit Claim Deed
related
—
—
—
Jerry L Johnson
—
Deed Of Trust
related
$100,000 · Bank One 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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