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    2035 Mesquite Ave Lake Havasu City, AZ 86403

    Sponsored
    For Sale
    $3,500,000

    Mixed Use - Lake Havasu, AZ

    Type:Mixed Use
    Lot size:
    0.65 Acres
    Days on Market:
    288
    Last Refresh:
    Feb 6 at 11:06 pm

    Property Features for 2035 Mesquite Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    C2 General Commercial
    APN
    108-06-141
    Lot size
    0.65 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air, Electric, Multi Units
    Water source
    Public

    Building Details

    Year built
    2000
    Building materials
    Block, Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Randy Shuffler
    Randy Shuffler

    Realty ONE Group Mountain Desert (928) 753-0430

    Listing agent Randy Shuffler (928) 680-7350 License #SA535036000

    Listing date Apr 25, 2025

    MLS# 016052 Listing URL

    Copyright © 2025 Western Arizona Realtors Data Exchange. 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

    Lake Havasu Mixed-Use Investment Opportunity

    This mixed-use property in Lake Havasu City features two buildings totaling 12,335 square feet on two parcels, adding up to 1.22 acres. Building #1, consisting of 6,656 square feet, is fully leased to two tenants, Troyer Urgent Care & Sunrise Family Health and Wellness, both with NNN leases. Building #2, consisting of 5,679 square feet, is currently leased to the Department of Veterans Affairs under a government full lease with annual escalations, terminating on 5/31/2025. The VA has a new location under construction with an estimated completion in Fall 2024 and has a 120-day advanced notice early termination clause in their lease. This presents an opportunity for a new NNN lease or for an owner-user seeking a future location. The property is located at the corner of Mesquite Ave. and Smoketree Ave., near the Lake Havasu Regional Medical Center. The property includes parcel 108-06-140 & 108-06-141. The zoning is C2 General Commercial. The lot size is 0.65 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Smith Ronald G ... Physician Edmund Mitchell Pediatrician Burt Faibisoff Physician Tiarra Sitzer Pediatrician Dr. Randal Troyer Physician

    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, Buckman Cary DVM

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.33084
    Latitude
    34.478482

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    FAQs

    What type of property is this?
    Medical office - Multi-tenant medical/office buildings in Lake Havasu City, fully leased.
    Where is this medical office located?
    The property is located at 2035 Mesquite Ave Lake Havasu City, AZ.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - 100% leased multi-tenant medical/office building, providing immediate income.; - Two separate buildings totaling 12,335 sq ft on 1.22 acres.; - Building #2 (5,679 sq ft) offers future owner-user or new NNN lease opportunity upon VA tenant relocation (estimated Fall 2024).
    (928) 680-7350
    Request Owner's contact information
    2035 Mesquite Ave Lake Havasu City, AZ 86403
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    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
    2035 Mesquite Ave Lake Havasu City, AZ 86403
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    We can help!
    Listing Contact
    Randy Shuffler
    Randy Shuffler
    Real Estate License ID: SA535036000
    (928) 680-7350
    Learn more
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