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    1944 Mesquite Ave Lake Havasu City, AZ 86403

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    Sponsored
    For Sale
    $2,250,000

    COMMERCIAL - Lake Havasu City, AZ

    Property size:
    5,139 SF
    Lot size:
    0.43 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 18 at 9:06 pm

    Property Features for 1944 Mesquite Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    107-34-014
    Size
    5,139 SF
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Zoned
    Cooling system
    Electric, Central Air, Multi Units
    Water source
    Public

    Building Details

    Year built
    1999
    Floors in Building
    1
    Number of units
    1
    Building materials
    Stucco
    Roof type
    Built-Up, Rolled Hot Mop

    We can help!

    Listing Contact
    The Gedalje Group

    eXp Realty (928) 453-3202

    Listing agent The Gedalje Group (928) 453-3202

    Listing date Mar 18, 2026

    MLS# 1039925

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Medical Office Building

    This fully renovated medical office building is located in the heart of Lake Havasu City. The property offers flexible zoning suitable for a variety of professional uses. The thoughtfully designed layout features a dedicated left wing with 7 private offices or suites, ideal for individual practitioners or tenant use. The center of the building includes 2 connecting rooms that seamlessly link both sides, providing functional flow throughout. The right wing is equipped with multiple exam rooms, a spacious lab area, two lead lined image rooms already set up with X-ray and CT scanner, a break room, and a welcoming front reception desk. The building totals 12 exam rooms, nurses stations, multiple bathrooms throughout, and two separate lobbies that can be reconnected. Modern finishes include updated flooring, cabinetry, and fixtures, creating a clean, professional environment ready for immediate occupancy. The property has plans in place to expand the building with a rear addition and second story, offering incredible upside potential. The property has ample parking and a prime central location. The building is 5139 square feet and sits on a 0.43-acre lot. This is an outstanding opportunity for medical, wellness, or professional office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Awad Ayman N ... Physician Lake Havasu Imaging ... Medical Clinic

    Suggested Use

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

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

    Similar Places Nearby

    Animal Hospital of Havasu, Buckman Cary DVM

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.334372
    Latitude
    34.478607

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    FAQs

    What type of property is this?
    Medical Office Space - Versatile medical office in central Lake Havasu City.
    Where is this medical office space located?
    The property is located at 1944 Mesquite Ave Lake Havasu City, AZ.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Fully renovated medical office building with flexible zoning.; - Equipped with **12 exam rooms, spacious lab area, and two lead-lined image rooms with X-ray and CT scanner setup**.; - Two separate lobbies (reconnectable), 7 private offices/suites, multiple bathrooms, and nurses stations.
    (928) 453-3202
    Request Owner's contact information
    1944 Mesquite Ave Lake Havasu City, AZ 86403
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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
    1944 Mesquite Ave Lake Havasu City, AZ 86403
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    We can help!
    Listing Contact
    The Gedalje Group
    Real Estate License ID: SA661681000
    (928) 453-3202 (928) 486-9046 (719) 650-4959
    Learn more
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