Automotive Property with
For Sale
$695,000
1755 Lakeside Drive, Bullhead City, AZ 86442
CommercialSale, Bullhead City, AZ
Property Size4,040 SF
Lot Size0.86 Acres
Price / SF$172.03
Days on Market163
Property Features for 1755 Lakeside Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2 General Commercial
Subdivision
Holiday Shores
Directions
Highway 95 turn West on Hancock. On corner of Hancock & Lakeside Dr. by Smiths.
Standard status
Active
APN
218-01-024
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7479
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
large front lobby
kitchen area
safes
drive-through banking
Building Details
Year built
1976
Building materials
Block
Roof type
Rolled Hot Mop
Listing Agency:
US SOUTHWEST(R)
(928) 763-2288
Listed By:
Robert Neitzke · License #SA661272000
(928) 577-7766
Added: Mar 27
Changed: Aug 19
Last Checked: Sep 5 at 11:06PM
MLS# 037631
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 4040 SQ. FT. block building occupies a 0.86-acre site and includes a large front lobby, kitchen area, office space, safes, and approximately 45 parking spaces. The layout has also supported drive-through banking and includes room for a showroom configuration. Public water, public sewer, and a rolled hot mop roof serve the property; construction dates to 1976.
Positioned at the corner of Lakeside Drive and Hancock, the property is near Smith's Foods and across from Family Dollar. The existing configuration is suited to automotive sales with showroom space, while the building layout has also been identified for potential fast-food, medical office, financial office, jewelry, pawn, and gun shop uses.
Positioned at the corner of Lakeside Drive and Hancock, the property is near Smith's Foods and across from Family Dollar. The existing configuration is suited to automotive sales with showroom space, while the building layout has also been identified for potential fast-food, medical office, financial office, jewelry, pawn, and gun shop uses.
Key Highlights
- 4040 SQ. FT. block commercial building on a 0.86‑acre site
- Approximately 45 parking spaces
- Corner location at Lakeside Drive and Hancock
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
$50,995
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
7.34%
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%
$1,019,900
$1.0M
Cap Rate 7%
$728,500
$728.5K
Cap Rate 9%
$566,611
$566.6K
Market Conditions
NOI Build-Up for 4,040 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
$72.7K $18.00/SF
− Vacancy
−$4.7K −$1.17/SF
EGI
$68.0K $16.83/SF
− OpEx
−$17.0K −$4.21/SF
NOI
$51.0K $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%
$1,019,900
Cap Rate 7%
$728,500
Cap Rate 9%
$566,611
Alternative Uses
Best Use
Specialty Retail
$728.5K
$637.4K – $849.9K
NOI $50,995 @ 7.0% cap · market cap 7.34%
Second Best
Retail
$560.6K
$490.5K – $654.0K
NOI $39,239 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$902.0K
$789.3K – $1.05M
NOI $63,140 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
65k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Shops & Services 35%
Home Improvements & Furnishings 16%
Smith's
Groceries
31,748 visits/mo
0.1 miles
Smith's Fuel Center
Shops & Services
12,771 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
10,704 visits/mo
0.2 miles
Family Dollar
Shops & Services
10,230 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Corner commercial property near Smith's Foods and Family Dollar with showroom, lobby, office, and drive-through configuration.
Where is this automotive property located?
The property is located at 1755 Lakeside Drive Bullhead City, AZ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4040 SQ. FT. block commercial building on a 0.86‑acre site; Approximately 45 parking spaces; Corner location at Lakeside Drive and Hancock
