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    1020 S California Ave Parker, AZ 85344

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    Claim this Listing
    For Sale
    $1,399,900

    COMMERCIAL - Parker, AZ

    Property size:
    7,150 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $195/SF
    Added:
    Apr 4, 2025
    Days on Market:
    397
    Last Refresh:
    May 5 at 8:06 pm

    Property Features for 1020 S California Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    APN
    311-23-015c
    Size
    7,150 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SUBDIVISION: PARKER TOWNSITE BLOCK: 150 LOT: 5 & 6 SECTION: 1 TOWNSHIP: 9N RANGE: 20W
    Tax Annual Amount
    3064

    Utilities

    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Concrete
    Building materials
    Steel Frame, Vertical Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Laynee Sholl

    Listing agent Laynee Sholl

    Listing office eXp Realty, LLC 16156 N 83rd Ave. Suite 200, Peoria, AZ

    Listing date Apr 4, 2025

    MLS# 1034874

    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.

    Overview

    Commercial Building in Prime Location

    This commercial building, situated in a prime location, presents an investor opportunity. The property, zoned C2 commercial, offers a range of potential uses, including storages, car wash, dealership, or retail. The building features 7600 sq ft of interior space, complemented by an additional 2000 sq ft of enclosed, open storage space, and ample parking, all situated on a lot just over 1/3 of an acre. The location, formerly MnR Racing, is suitable for a power sport repair business, oil change, auto mechanics, body restoration, tire shop, dealership, retail, or bar/restaurant. Alternatively, the 7600 sq ft of storage space could be utilized for storage purposes. The property includes 5 garages, each measuring 12X9X50. The commercial compound could be split and leased. The building is equipped with full security, a camera system, 3 phase electric 200 amp breakers, climate-controlled garages, and an air compressor system. A lift system and other equipment may be included in the sale. The property is located in Parker, AZ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MNR Racing LLC Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Desert Drew's RV Roof Systems — 1800 W 15th St, Parker, AZ 85344
    • DNA Powersports — 1825 S California Ave, Parker, AZ 85344
    • Dan's RV — 1409 W 18th St, Parker, AZ 85344
    • Greenlee's Auto Marine — 2101 S California Ave, Parker, AZ 85344
    • Napa Autocare Collision Center — Parker, AZ 85344

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    La Paz
    State
    Arizona
    Longitude
    -114.289015
    Latitude
    34.149582

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    FAQs

    What type of property is this?
    Auto shop - Versatile commercial building with high traffic and multiple potential uses.
    Where is this auto shop located?
    The property is located at 1020 S California Ave Parker, AZ.
    What is the asking price?
    The asking price for this property is $1,399,900.
    What are key features of this property?
    This property features: Prime commercial location with C2 zoning offering diverse business opportunities; Substantial space: **7,600 sq ft interior, plus 2,000 sq ft enclosed storage, and ample parking on a 1/3 acre lot.**; Equipped with **5 garages (12X9X50), 3‑phase electric (200 amp breakers), climate‑controlled garages, air compressor system**, and lift system (negotiable).
    (888) 897-7821
    We can help!
    Listing Contact
    Laynee Sholl
    Learn More
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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.

    More about this property
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