Multi-Suite Office
For Sale
$359,900
1285 Hancock Road, Bullhead City, AZ 86442
CommercialSale, Bullhead City, AZ
Property Size2,374 SF
Lot Size0.17 Acres
Price / SF$151.60
Days on Market225
Property Features for 1285 Hancock Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2 General Commercial
Parking
7
Subdivision
Holiday Highlands
Directions
Hwy. 95 North to Hancock Rd. Left on Hancock and the building is on the right just before the Elks Lodge across from the High School.
Standard status
Active
APN
214-19-114
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
T20N R22W SEC 17 HOLIDAY HIGHLANDS TRACT NO 1136 BLK 5 LOT 24
Tax Annual Amount
3348
Legal Description
T20N R22W SEC 17 HOLIDAY HIGHLANDS TRACT NO 1136 BLK 5 LOT 24
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1970
Number of units
1
Flooring type
Tile, Carpet
Building materials
Stucco, WoodFrame
Listing Agency:
Premier Executives Real Estate
(928) 763-9300
Listed By:
John Haller · License #BR537281000
(928) 542-7925
Added: Jan 31
Changed: Sep 13
Last Checked: Sep 13 at 8:06AM
MLS# 035829
Copyright © 2026 Momentum MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-suite office property contains 2,374 SF within a 0.17-acre site. Suite A provides a broad reception or open-work area, four enclosed offices, and two restrooms. The building includes tile and carpet flooring, stucco and wood-frame construction, central air, and electric heating. HVAC units were replaced three years ago. Suite C is leased, while Suite B is scheduled to become vacant at the end of February and can be joined to Suite C's area.
The property has 70 feet of street frontage and is positioned minutes from Hwy 95, with access and exposure suited to office, small retail, salon, and service-oriented operations. Public water and public sewer serve the site. Built in 1970, the property offers a compact commercial layout with multiple suites and adaptable interior space.
The property has 70 feet of street frontage and is positioned minutes from Hwy 95, with access and exposure suited to office, small retail, salon, and service-oriented operations. Public water and public sewer serve the site. Built in 1970, the property offers a compact commercial layout with multiple suites and adaptable interior space.
Key Highlights
- 2,374 SF of total office space on a 0.17‑acre site
- 70 feet of street frontage near Hwy 95
- Suite A includes open workspace, four private offices, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,334
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,680
$526.7K
Cap Rate 7%
$376,200
$376.2K
Cap Rate 9%
$292,600
$292.6K
Market Conditions
NOI Build-Up for 2,374 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.3K $17.40/SF
− Vacancy
−$6.2K −$2.61/SF
EGI
$35.1K $14.79/SF
− OpEx
−$8.8K −$3.70/SF
NOI
$26.3K $11.09/SF
Area
Mohave County, AZ
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,680
Cap Rate 7%
$376,200
Cap Rate 9%
$292,600
Alternative Uses
Best Use
Office B
$376.2K
$329.2K – $438.9K
NOI $26,334 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$530.0K
$463.8K – $618.4K
NOI $37,103 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Explore this area
Business Placement
Demographics for 86442, AZ
34,171
Population
19,581
Households
1.7
Avg Household Size
53
Median Age
14%
College-Educated
85%
High-School Grad
28.2 sq mi
ZIP Area
1,212
Density / Sq Mi
$45,486
Median Household Income
$28,702
Median Earnings
$1,000
Median Rent
$174,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office configuration with private rooms, open workspace, and street exposure near Hwy 95.
Where is this office units located?
The property is located at 1285 Hancock Road Bullhead City, AZ.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 2,374 SF of total office space on a 0.17‑acre site; 70 feet of street frontage near Hwy 95; Suite A includes open workspace, four private offices, and two restrooms
