Mexican Restaurant
For Sale
$1,390,000
1601 Industrial Blvd, Lake Havasu City, AZ 86403
Commercial Sale, Lake Havasu City, AZ
Property Size4,430 SF
Lot Size0.22 Acres
Price / SF$313.77
Days on Market390
Property Features for 1601 Industrial Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-C-2 General Commercial
Subdivision
Lake Havasu City
Directions
Heading south on Highway 95 turn right on Industrial Blvd. Property is on the right.
Standard status
Active
APN
106-24-009
Size
4,430 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TRACT: 2181 LAKE HAVASU CITY TR 2181 BLK 2 LOT 1
Tax Annual Amount
3035
Legal Description
TRACT: 2181 LAKE HAVASU CITY TR 2181 BLK 2 LOT 1
Building Details
Year built
1987
Floors in Building
1
Number of units
1
Listing Agency:
Selman And Associates
(928) 855-5555
Listed By:
Moises Ortiz · License #SA668725000
(407) 803-3809
Added: Aug 18, 2025
Changed: Sep 5
Last Checked: Sep 11 at 6:06PM
MLS# 1036793
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.
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 4,430-square-foot building on approximately 0.22 acres. The improvements date to 1987 and are currently configured for Mexican restaurant operations, providing an existing food-service setting for continued restaurant use or a new concept.
The property is located at 1601 Industrial Blvd in Lake Havasu City, Arizona, within the 86403 ZIP code. C-2 commercial zoning supports its commercial positioning. The site is described as being near a boat launch area and on a busy thoroughfare serving local and visitor traffic.
The property is located at 1601 Industrial Blvd in Lake Havasu City, Arizona, within the 86403 ZIP code. C-2 commercial zoning supports its commercial positioning. The site is described as being near a boat launch area and on a busy thoroughfare serving local and visitor traffic.
Key Highlights
- 4,430‑square‑foot restaurant property
- Approximately 0.22 acres
- C‑2 commercial zoning
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
$55,918
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
4.02%
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%
$1,118,360
$1.1M
Cap Rate 7%
$798,829
$798.8K
Cap Rate 9%
$621,311
$621.3K
Market Conditions
NOI Build-Up for 4,430 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
$79.7K $18.00/SF
− Vacancy
−$5.2K −$1.17/SF
EGI
$74.6K $16.83/SF
− OpEx
−$18.6K −$4.21/SF
NOI
$55.9K $12.62/SF
Area
Mohave County, AZ
Vacancy
6.50%
Lease Rate
$18.00 /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%
$1,118,360
Cap Rate 7%
$798,829
Cap Rate 9%
$621,311
Alternative Uses
Best Use
Specialty Retail
$798.8K
$699.0K – $932.0K
NOI $55,918 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.1K
$865.5K – $1.15M
NOI $69,236 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 47%
Apparel 2%
Home Improvements & Furnishings 2%
Culver's
Dining
18,053 visits/mo
0.3 miles
Circle K
Shops & Services
11,689 visits/mo
0.3 miles
The Human Bean
Dining
4,479 visits/mo
0.4 miles
76
Shops & Services
3,382 visits/mo
0.1 miles
Big O Tires
Shops & Services
2,901 visits/mo
0.3 miles
Demographics for 86403, AZ
17,787
Population
11,604
Households
1.5
Avg Household Size
53
Median Age
18%
College-Educated
89%
High-School Grad
11.0 sq mi
ZIP Area
1,617
Density / Sq Mi
$57,531
Median Household Income
$33,368
Median Earnings
$1,152
Median Rent
$313,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant property with C-2 commercial zoning and an established food-service configuration.
Where is this conventional restaurant located?
The property is located at 1601 Industrial Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 4,430‑square‑foot restaurant property; Approximately 0.22 acres; C‑2 commercial zoning
