Light Industrial Flex
For Sale
$475,000
1675 Kiowa Ave, Lake Havasu City, AZ 86403
Commercial Sale, Lake Havasu City, AZ
Property Size3,400 SF
Lot Size0.22 Acres
Price / SF$139.71
Days on Market70
Property Features for 1675 Kiowa Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
LI Light Industrial
Subdivision
Lake Havasu City
Directions
Hwy 95 West on Kiowa.
Standard status
Active
APN
115-18-004
Size
3,400 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KIOWA INDUSTRIAL PARK INC.CONDO UNIT 4
Tax Annual Amount
1491
HOA Fee
$292 Monthly
Legal Description
KIOWA INDUSTRIAL PARK INC.CONDO UNIT 4
Utilities
Cooling system
Central Air, Evaporative Cooling
Water source
Public
Amenities
kitchen/break area
Building Details
Year built
1981
Floors in Building
1
Number of units
1
Flooring type
Tile - Ceramic, Concrete, Carpet - Full
Building materials
Block
Listing Agency:
Realty ONE Group Mountain Desert-LH
(928) 680-7350
Listed By:
Randy Shuffler · License #/SA535036000
(928) 230-5982
Added: Jul 15
Changed: Sep 14
Last Checked: Sep 22 at 8:06PM
MLS# 1041689
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 3,400-square-foot flex condominium, built in 1981, combines 2,880 square feet on the main floor with a 520-square-foot upper office. The layout includes a 75-foot-deep warehouse, 14-foot roll-up door, rear access, two restrooms, a kitchen and break area, and additional storage at the rear. Three-phase power supports a range of commercial and industrial operations. A front loading dock is enclosed in its current configuration because of the upstairs office and may be restored to loading use.
The property occupies 0.22 acres at 1675 Kiowa Ave in Lake Havasu City, on the lakeside of Highway 95. It is zoned Light Industrial (L-I) and has public water service. Block construction, concrete, ceramic tile, and carpet flooring are complemented by central air and evaporative cooling.
The property occupies 0.22 acres at 1675 Kiowa Ave in Lake Havasu City, on the lakeside of Highway 95. It is zoned Light Industrial (L-I) and has public water service. Block construction, concrete, ceramic tile, and carpet flooring are complemented by central air and evaporative cooling.
Key Highlights
- 3,400 SF flex condominium with 2,880 SF main level and 520 SF upstairs office
- 75‑foot‑deep warehouse with a 14‑foot roll‑up door and rear access
- 3‑phase power, two restrooms, kitchen/break area, and rear storage
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
$37,714
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
7.94%
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%
$754,280
$754.3K
Cap Rate 7%
$538,771
$538.8K
Cap Rate 9%
$419,044
$419.0K
Market Conditions
NOI Build-Up for 3,400 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
$59.2K $17.40/SF
− Vacancy
−$8.9K −$2.61/SF
EGI
$50.3K $14.79/SF
− OpEx
−$12.6K −$3.70/SF
NOI
$37.7K $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%
$754,280
Cap Rate 7%
$538,771
Cap Rate 9%
$419,044
Alternative Uses
Best Use
Office B
$538.8K
$471.4K – $628.6K
NOI $37,714 @ 7.0% cap · market cap 7.94%
Second Best
Warehouse
$471.4K
$412.5K – $550.0K
NOI $32,997 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$759.1K
$664.2K – $885.6K
NOI $53,138 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Owner-user flex space with warehouse capacity, office area, dedicated power, and Light Industrial zoning.
Where is this flex space located?
The property is located at 1675 Kiowa Ave Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,400 SF flex condominium with 2,880 SF main level and 520 SF upstairs office; 75‑foot‑deep warehouse with a 14‑foot roll‑up door and rear access; 3‑phase power, two restrooms, kitchen/break area, and rear storage
