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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Office buildings
490 Lk Havasu S Ave, Lake Havasu City, AZ 86403-7470
Individually Owned
4-yr Hold
Free & Clear
Property ID
US07-0890018
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
CONCRETE
Total area
6,296 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R1
APN
109-33-001
UPID
US07-0890018
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
-
Citywide Insurance Insurance Agency
-
Chicago Title Agency Title Company Insurance Agency
-
Fidelity National Title Agency- Lake Havasu Title Company
-
loanDepot Loan Service Bank
-
Lawyers Title Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.23M
Owner & transaction history
Ryan E Shufflebotham · 4 yrs held
Ryan E Shufflebotham
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
R1 · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+65.4%
Restaurant
$1.4M
+64.7%
Apartment house (5+ units)
$1.0M
+23.8%
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
$1,280,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$840,000
Current use
AUTO REPAIR, GARAGE
$1,390,000
Change: +65% · Conversion: Difficult
RESTAURANT
$1,385,000
Change: +65% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,040,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$905,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.60M (Mar 11 2022)
Last sale anchor
$1.60M
Mar 11 2022
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
$195 / 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
$8,979
Tax year 2020
Assessed value
$378,551
Assessed 2025
Previous assessed
$300,550
+26.0% YoY
Effective rate
2.37%
On assessed value
Land market value
$316,004
Improvement market value
$1,787,056
Total market value
$2,103,060
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
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
6,296 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R1
APN
109-33-001
UPID
US07-0890018
Jurisdiction
MOHAVE
Zoning & alternative use
R1 · Lake Havasu City, AZ
Zoning 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
Lake Havasu City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$905,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Ryan E Shufflebotham
Individual
Free & Clear · 4 yrs held
Mailing address
2250 MCCULLOCH BLVD N STE S, LAKE HAVASU CITY, AZ 86403-5907
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
$1,600,000
Ryan E Shufflebotham
Dian C Burford
Special Warranty Deed
—
Dec 23, 2020
$209,000
Kody Ennis-lbarra
Jse-lhc Investments LLC
Warranty Deed
$188,100 · Hi-tech Mtg
Sep 9, 2019
—
Jse-lhc Investments LLC
—
Deed
related
$1,955,000 · Welker Investments LLC
Aug 23, 2019
—
Jse-lhc Investments LLC
—
Deed Of Trust
related
$1,955,000 · Summerlin Fin'l
Mar 8, 2019
—
Jse-lhc Investments LLC
Rodriguez Fam L/tr
Warranty Deed
related
—
Feb 22, 2017
—
Burford,lewis & Mary A 1987 Trust
—
Deed
related
$75,000 · Thomas J & Judith M Kirchner
May 22, 2015
$1,373,000
Ausserbauer,michele Trust
Lincoln Trust Co
Grant Deed
$773,000 · Michael J Dagon
Jul 1, 2002
$928,710
Michael J Dagon Mpp 65074889
Advanced Homes INC
Grant Deed
—
May 16, 1997
$89,000
Michael J Dagon Dagon
Holmes,wyn C & Kay
Grant Deed
$62,300 · Seller
—
—
Jse-lhc Investments LLC
—
Loan Modification
related
$1,955,000 · Welker Investments LLC
—
—
Burford,lewis & Mary A 1987 Trust
—
Deed Of Trust
related
$75,000 · Thomas J & Judith M Kirchner
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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