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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Hotels
4048 Tropic Blvd Lake Havasu City, AZ 86406
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0967048
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2020
Construction
STEEL FRAME
Total area
2,601 SF
Lot
0.27 ac (11,761 SF)
Zoning code
R1
APN
110-15-195
UPID
US07-0967048
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Michael Bazenjaneh · 2 yrs held
Michael Bazenjaneh
since 2024
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
R1 · Lake Havasu City, AZ
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
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Apr 17 2024)
Last sale anchor
$1.05M
Apr 17 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
$404 / 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
$949
Tax year 2020
Assessed value
$153,862
Assessed 2025
Previous assessed
$156,149
-1.5% YoY
Effective rate
0.62%
On assessed value
Land market value
$106,889
Improvement market value
$747,898
Total market value
$854,787
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,601 SF
Lot
0.27 ac (11,761 SF)
Zoning code
R1
APN
110-15-195
UPID
US07-0967048
Jurisdiction
MOHAVE
Zoning & alternative use
R1 · Lake Havasu City, AZZoning R1 · permitted uses
R1 · Lake Havasu City, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City Laws Zoning Code PDF
Building & site characteristics
From public records
Year built
2020
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Michael Bazenjaneh
Individual
Mailing address
18069 BISSEL DR, RIVERSIDE, CA 92508-8028
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
$1,050,000
Michael Bazenjaneh
Yrrow On LLC
Warranty Deed
$766,550 · West One Capital Group INC
Apr 9, 2024
—
Yrrow On Limited Company
Lance N Boyce
Warranty Deed
—
Aug 3, 2018
$122,900
Lance N Boyce
Stano Halina A Living Trust
Warranty Deed
—
Jan 23, 2004
—
Halina A Stano
Stano,halina A
Quit Claim Deed
related
—
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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