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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Warehouses
885 Airpark Dr, Bullhead City, AZ 86429-5886
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3039461
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
37,523 SF
Lot
3.64 ac (158,558 SF)
APN
347-21-001A
UPID
US07-3039461
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
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.74M
Blend (final)
Blend
$4.00M
Owner & transaction history
Rose Acre Farms INC · 1 yrs held
Rose Acre Farms INC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.1M
+145.0%
Auto repair, garage
$4.4M
+79.1%
Medical building
$4.4M
+76.1%
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 Bullhead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bullhead 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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,475,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,070,000
Change: +145% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,435,000
Change: +79% · Conversion: Easy
MEDICAL BUILDING
$4,360,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,095,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$4,085,000
Change: +65% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,060,000
Change: +64% · Conversion: Moderate
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Oct 16 2024)
Last sale anchor
$4.00M
Oct 16 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
$107 / 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
$35,522
Tax year 2020
Assessed value
$842,180
Assessed 2025
Previous assessed
$842,180
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$243,884
Improvement market value
$4,434,893
Total market value
$4,678,777
Applied tax rate
1,574.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
37,523 SF
Lot
3.64 ac (158,558 SF)
APN
347-21-001A
UPID
US07-3039461
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
WAREHOUSE, STORAGE Current
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.64 ac
Current owner
From public records · entity-resolved
Rose Acre Farms INC
Entity
Mailing address
1657 W TIPTON ST STE #103, SEYMOUR, IN 47274-8659
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
$4,000,000
Rose Acre Farms INC
Fccaz Holdings LLC
Special Warranty Deed
—
Sep 21, 2023
—
885 Airpark LLC
—
Deed
related
$5,000,000 · Harry Adjmi
Sep 16, 2022
—
885 Airpark LLC
—
Deed
related
$3,450,000 · Four Corner Capital LLC
Sep 15, 2022
—
885 Airpark LLC
—
Deed
related
$3,450,000 · Four Corner Capital LLC
Jul 26, 2019
—
885 Airpark LLC
—
Deed
related
$2,250,000 · Western Alliance Bk
Dec 12, 2018
$3,750,000
885 Airpark LLC
Laughlin Ronald C & J
Grant Deed
$2,300,000 · Other Institutional Lenders
Apr 12, 2013
—
Rustvang Land Ventures 1 LLC
SR Land Co LLC
Warranty Deed
$250,000 · Dragan Sarenac
Feb 1, 2008
$3,400,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$3,694,341 · Dlj Ents LLC
Jan 5, 2006
$2,760,000
Nove Filhos LP Lllp
Landlords-airpark LLC
Grant Deed
—
Dec 21, 1999
$250,000
Laughlin Trust
Laughlin,donald J
Grant Deed
related
—
—
—
885 Airpark LLC
—
Deed Of Trust
related
$2,250,000 · Western Alliance Bk
—
—
SR Land Co LLC
—
Deed Of Trust
related
$9,200,000 · Cornerstone Bk Mustang
—
—
SR Land Co LLC
—
Deed Of Trust
related
$2,000,250 · First Int'l Bk
—
—
SR Land Co LLC
—
Deed Of Trust
related
$1,019,295 · Judith H Stenehjem LP
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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