Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1987 Mcculloch Blvd unit 202 Lake Havasu City, AZ 86403

    View on Map
    For Lease
    $1,200 /Mo

    COMMERCIAL - Lake Havasu City, AZ

    Property size:
    12,136 SF
    Lot size:
    0.04 Acres
    Added:
    Feb 27, 2025
    Days on Market:
    400
    Last Refresh:
    Apr 3 at 2:06 am

    Property Features for 1987 Mcculloch Blvd unit 202

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    107-41-008
    Size
    12,136 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Lafayette Court Condominiums, 2nd Amen, Suite

    Utilities

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

    Building Details

    Year built
    1981
    Floors in Building
    2
    Number of units
    10
    Flooring type
    Vinyl

    We can help!

    Listing Contact
    Raul Ballas
    Raul Ballas

    Listing agent Raul Ballas License #SA677297000

    Listing office Mohave Realty 21 Acoma Blvd S, LAKE HAVASU CITY, AZ

    Listing date Feb 27, 2025

    MLS# 1034315

    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.

    Overview

    Lake Havasu City Office Space

    Located in Lake Havasu City, Arizona, this commercial unit offers views overlooking Main Street from the corner of Smoketree and McCulloch. The unit features three office spaces, including a reception desk area suitable as an intake or waiting room. The space is designed for medical, dental, or health and beauty practices, but can also be used as professional office space. The property is situated on a lot of 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arizona Medical Weight ... Physician TriState Pain Institute Physician Dr. Irfan M. ... Physician Charles-Italy Massage Therapy Vocational School Charles Of Italy Beauty ... Vocational School

    Suggested Use

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

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

    Similar Places Nearby

    • Animal Hospital of Havasu — 1990 Mesquite Ave, Lake Havasu City, AZ 86403
    • Buckman Cary DVM — 1990 Mesquite Ave, Lake Havasu City, AZ 86403

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.332537
    Latitude
    34.477408

    Nearby Similar for Lease

    • Contact for pricing

      Hybrid Commercial Flex Space

      2,500 SF unit: office and warehouse/shop space.
      2880 Sweetwater Ave unit: B, Lake Havasu City, AZ 86406
      View Details
    • Contact for pricing

      Furnished Bar Space Overlooking Bridge

      Move-in ready bar space in Lake Havasu City.
      91 London Bridge Rd unit: 103, Lake Havasu City, AZ 86403
      View Details
    • Contact for pricing

      Times Square Office Space Available

      Prime corner office space in Lake Havasu City.
      1600 Mcculloch Blvd N unit: 2A, Lake Havasu City, AZ 86403
      View Details
    • Contact for pricing

      Times Square Corner Office Space

      Premier 4,000 SF office space in Lake Havasu City.
      1600 Mcculloch Blvd N unit: 1A/2A, Lake Havasu City, AZ 86403
      View Details
    • Contact for pricing

      Office Space with Warehouse

      Centrally located office space with warehouse in Lake Havasu.
      501 N Lake Havasu Ave N unit: 104, Lake Havasu City, AZ 86403
      View Details
    • Contact for pricing

      Corner Office Space in Times Square

      2,000 SF office space in high-traffic Lake Havasu location.
      1600 Mcculloch Blvd N unit: 1A, Lake Havasu City, AZ 86403
      View Details
    • Contact for pricing

      Lake Havasu City Office Space

      Centrally located commercial space with lake view and elevator.
      1695 Mesquite Ave unit: 206, Lake Havasu City, AZ 86403
      View Details
    • Contact for pricing

      Centrally Located Commercial Space

      Commercial space with lake view and elevator in Lake Havasu.
      1695 Mesquite Ave unit: 214, Lake Havasu City, AZ 86403
      View Details
    • Contact for pricing

      Lake Havasu City Office Space

      Office unit available for rent in Lake Havasu City.
      3560 Challenger Dr unit: 108, Lake Havasu City, AZ 86406
      View Details
    • Contact for pricing

      Lakeview Office Space Available

      1500 sq ft office space with lake views.
      1100 London Bridge Rd unit: F200, Lake Havasu City, AZ 86404
      View Details
    • Contact for pricing

      Lake Havasu City Office Space

      Centrally located office unit with lake view and elevator.
      1695 Mesquite Ave unit: 208, Lake Havasu City, AZ 86403
      View Details
    • Contact for pricing

      Downtown Medical District Office

      Versatile commercial space with excellent street exposure.
      1956 Mesquite Ave unit: 104, Lake Havasu City, AZ 86403
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Office space with views, suitable for medical or professional use.
    Where is this medical office space located?
    The property is located at 1987 Mcculloch Blvd unit 202 Lake Havasu City, AZ.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: Prime location at the corner of Smoketree and McCulloch, overlooking Main Street.; Versatile space suitable for medical, dental, health/beauty, or professional office use.; Includes **3 office spaces plus a reception/waiting area.**
    (714) 686-0018
    We can help!
    Listing Contact
    Raul Ballas
    Raul Ballas
    Real Estate License ID: SA677297000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!