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    90 Riviera Dr Lake Havasu City, AZ 86403-5716
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    Property profile & analytics

    90 Riviera Dr Lake Havasu City, AZ 86403-5716

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    • Medical Office Space
    • 1,805 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US07-1203496
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Havasu Foot & Ankle Surgi-Center / Medical Clinic
    • Rio Vista Surgical Associates, P.C. A. Abe Saiz, M.D., F.A.C.S / Physician
    • Abedon Saiz / Physician
    • Rio Vista Surgical Associates / Physician

    Property Details for 90 Riviera Dr

    Year built
    1993
    Construction
    CONCRETE
    Lot size
    0.09 lot acres
    Property size
    1,805 SF
    Zone code
    C0
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    107-30-013A
    APU
    10730013A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.335
    Latitude
    34.4801
    CBSA code
    29420
    CBSA name
    LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $6,756
    $0.00
    $0.00
    $122,406
    -
    $76,256
    $739,786
    $816,042

    Comparable in this City

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      $1,180,000
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      2082 Mesquite Ave, Unit C-B

      MEDICAL CLINIC • 10,488 SF
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    • Value Estimation by Request
      2,431 SF

      2169 Mcculloch N Blvd

      MEDICAL CLINIC • 2,431 SF
      2169 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6833
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    • Value Estimation
      $685,000
      3,233 SF

      1951 Mesquite Ave

      MEDICAL CLINIC • 3,233 SF
      1951 Mesquite Ave, Lake Havasu City, AZ 86403-5746
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    • Value Estimation
      $2,145,000
      10,150 SF

      2145 Mesquite Ave

      MEDICAL CLINIC • 10,150 SF
      2145 Mesquite Ave, Lake Havasu City, AZ 86403-6913
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    • Value Estimation
      $850,000
      4,020 SF

      211 Swanson Ave

      MEDICAL CLINIC • 4,020 SF
      211 Swanson Ave, Lake Havasu City, AZ 86403-0926
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    • Value Estimation
      $2,930,000
      13,861 SF

      1775 Mcculloch N Blvd

      MEDICAL CLINIC • 13,861 SF
      1775 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6549
      View Details

    Similar Nearby for Sale

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      Pending

      Renovated Medical Office Building

      Versatile medical office in central Lake Havasu City.
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    • $1,990,000
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      Lake Havasu City Commercial Property

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    • $178,000
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      Lake Havasu City Office Space

      Office space with views, suitable for medical or professional use.
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    • $165,000
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      Lake Havasu City Flex Space

      Flex space unit with office and garage area for sale.
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    • $1,400,000
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      New commercial building with flexible space and controlled garages.
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    Similar Nearby for Lease

    • $2,200 /Mo
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      Medical Office Space For Rent

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      1945 Mesquite Ave, Lake Havasu City, AZ 86403
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    • $2,670 /Mo
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      Lake Havasu City Medical Space

      Class A medical space in Lake Havasu City for lease.
      297 Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details
    • $2,978 /Mo
      15,910 SF

      Medical Property in Lake Havasu

      Prime medical space available for lease in Lake Havasu City.
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    • $2,988 /Mo
      15,910 SF

      Lake Havasu City Medical Property

      Medical space for lease in Lake Havasu City, Arizona.
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    • $2,900 /Mo
      1,798 SF

      Medical Office Near Havasu Center

      Near Havasu Medical Center, this office features multiple exam rooms.
      150 Riviera Dr, Lake Havasu City, AZ 86403
      View Details
    • $2,620 /Mo
      16,522 SF

      Updated Medical Office in Havasu

      Updated medical office in Lake Havasu's Medical District for rent.
      1720 Mesquite Ave, Lake Havasu City, AZ 86403
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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