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    Parker Strip Commercial Opportunity Title is generated by Realmo AI

    10172 Riverside Dr, Parker, AZ 85344

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    Claim this Listing
    For Sale
    $2,300,000

    COMMERCIAL - Parker, AZ

    Property size:
    1,920 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $1,197/SF
    Added:
    Apr 10, 2026
    Days on Market:
    54
    Last Refresh:
    Jun 1 at 11:06 pm

    Property Features for 10172 Riverside Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street
    Security features
    Security System
    Standard status
    Active
    APN
    311-49-170a
    Size
    1,920 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SUBDIVISION: MARINA MANOR TR 26 & 27, 28 AND 29. SEE SURVEY EXACT LEGAL SUPPLIED IN ESCROW.

    Utilities

    Cooling system
    Electric

    Building Details

    Year built
    1989
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Concrete

    We can help!

    Listing Contact
    David Plunkett

    Listing agent David Plunkett License #BR032656000

    Listing office David Plunkett Realty 8832 RIVERSIDE DRIVE, PARKER, AZ

    Listing date Apr 10, 2026

    MLS# 1040355

    Copyright © 2026 Lake Havasu Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three Parcels on Riverside Drive (The Bar, Vacant Lot with Chuck Wagon, 2‑Story Building)
    • Bar completely remodeled in 2013 and updated in 2020, including plumbing and electrical
    • Chuck Wagon added in 2022 with patio and seating
    • 180 Ft. of Riverside Dr. frontage
    • Existing business with 12‑15 employees and a Bar Manager
    • Includes Liquor License (see attachments)

    Overview

    This commercial real estate offering includes three parcels located on Riverside Drive in Parker, Arizona. The properties include a bar, a vacant lot with a chuck wagon, and a two-story building. The bar, which was purchased in 2013, underwent a complete remodel including plumbing and electrical systems. It was updated and refreshed again in 2020. In 2022, a chuck wagon was added, providing additional patio and seating. The business currently employs 12 to 15 people and has a bar manager. The property has 180 feet of frontage on Riverside Drive. The total lot size is 0.42 acres. The property includes addresses 10172, 10164, and 10186 Riverside Drive. The bar's area is 1920 square feet. This presents an opportunity for a new business venture.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Bar Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Big Box & Wholesale Store Department Store Hotel & Motel Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Starbucks — 121 W Riverside Dr, Parker, AZ 85344

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    La Paz
    State
    Arizona
    Longitude
    -114.225823
    Latitude
    34.185025

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    FAQs

    What type of property is this?
    Bar & Pub - Three parcels including a bar, vacant lot, and two-story building.
    Where is this bar & pub located?
    The property is located at 10172 Riverside Dr Parker, AZ.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Three Parcels on Riverside Drive (The Bar, Vacant Lot with Chuck Wagon, 2‑Story Building); Bar completely remodeled in 2013 and updated in 2020, including plumbing and electrical; Chuck Wagon added in 2022 with patio and seating
    (928) 667-1699
    We can help!
    Listing Contact
    David Plunkett
    Real Estate License ID: BR032656000
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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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