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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Office buildings
901 Lk Havasu N Ave, Lake Havasu City, AZ 86403-2879
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1392098
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
9,882 SF
Lot
1.69 ac (73,616 SF)
Zoning code
MI
APN
106-32-001A
UPID
US07-1392098
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
-
Premier Detailing Car Wash
-
total training solutions group inc Training Center Vocational School
-
Havasu Adventure Company Boat Rental Service
-
HBC MOTORS Boat Rental Service Loan Agency
-
Havasu Boat Club Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.38M
Owner & transaction history
Exhunting LLC · 11 yrs held
Exhunting LLC
since 2015
4 recorded transactions
Zoning & alternative use
MI · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+65.4%
Restaurant
$2.2M
+64.7%
Apartment house (5+ units)
$1.6M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,320,000
Current use
AUTO REPAIR, GARAGE
$2,180,000
Change: +65% · Conversion: Difficult
RESTAURANT
$2,170,000
Change: +65% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,630,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$1,415,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,150,000
Change: -13% · Conversion: Easy
RETAIL STORES
$1,075,000
Change: -18% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,070,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10%
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
$139 / 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
$12,788
Tax year 2020
Assessed value
$257,188
Assessed 2025
Previous assessed
$223,682
+15.0% YoY
Effective rate
4.97%
On assessed value
Land market value
$589,351
Improvement market value
$839,471
Total market value
$1,428,822
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
1989
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Total area
9,882 SF
Lot
1.69 ac (73,616 SF)
Zoning code
MI
APN
106-32-001A
UPID
US07-1392098
Jurisdiction
MOHAVE
Zoning & alternative use
MI · Lake Havasu City, AZ
Zoning MI · permitted uses
MI · 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
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Exhunting LLC
Entity
Free & Clear · 11 yrs held
Mailing address
318 HURON DR, KEARNEY, NE 68847-7932
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
May 29, 2015
$740,000
Exhunting LLC
Watts Investments LLC
Warranty Deed
—
Nov 29, 2004
$1,250,000
Watts Investments LLC
Simonis Family Trust
Warranty Deed
$950,000 · Simonis Family Trust
Mar 28, 2002
$875,000
Simonis Trust
Meringola Trust
Grant Deed
$305,000 · Meringola Trust
—
—
Nelson Meringola
—
Deed Of Trust
related
$350,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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