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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Apartment buildings
70 Querio Dr, Lake Havasu City, AZ 86403-5854
Individually Owned
2-yr Hold
Free & Clear
Property ID
US07-3472716
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
STEEL FRAME
Total area
8,240 SF
Lot
0.63 ac (27,443 SF)
Zoning code
R4
APN
108-06-273
UPID
US07-3472716
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
by Request
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$1.46M
Owner & transaction history
Magda Cervantes Mendoza · 2 yrs held
Magda Cervantes Mendoza
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
R4 · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+33.6%
Restaurant
$1.8M
+33.0%
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%
$955,000
6.5%
$885,000
7%
$820,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,360,000
Current use
AUTO REPAIR, GARAGE
$1,820,000
Change: +34% · Conversion: Difficult
RESTAURANT
$1,810,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$1,180,000
Change: -13% · Conversion: Moderate
OFFICE BUILDING
$1,100,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.90M (Jul 7 2023)
Last sale anchor
$1.90M
Jul 7 2023
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
$177 / 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
$3,634
Tax year 2020
Assessed value
$108,257
Assessed 2025
Previous assessed
$123,760
-12.5% YoY
Effective rate
3.36%
On assessed value
Land market value
$326,053
Improvement market value
$756,517
Total market value
$1,082,570
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
8,240 SF
Lot
0.63 ac (27,443 SF)
Zoning code
R4
APN
108-06-273
UPID
US07-3472716
Jurisdiction
MOHAVE
Zoning & alternative use
R4 · Lake Havasu City, AZ
Zoning R4 · permitted uses
R4 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE 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
1974
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Magda Cervantes Mendoza
Individual
Free & Clear · 2 yrs held
Mailing address
4151 W MEYERS RD, SAN BERNARDINO, CA 92407-1729
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
$1,900,000
Magda Cervantes Mendoza
Michelle Bradley
Special Warranty Deed
—
Feb 7, 2022
$1,300,000
Michelle Bradley
Bruce Properties INC
Warranty Deed
$1,200,000 · Celia Tennenbaum Etux
Feb 7, 2022
—
Michelle Bradley
Don Bradley
Intrafamily Transfer
related
—
Jul 30, 2004
$700,000
Bruce Properties INC
Hougen,roger B
Warranty Deed
related
—
Mar 6, 1998
$650,000
Roger B Hougen
Laws,keith R & Hazel J
Grant Deed
related
$177,154 · Seller
Jan 29, 1997
$635,000
Keith R Laws
Clarke Trust
Grant Deed
related
—
Aug 29, 1996
—
Clarke Trust
Clarke,jeffrey & Lana
Quit Claim Deed
related
—
—
—
Bruce Properties INC
—
Deed Of Trust
related
$75,000 · Mohave State Bank
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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