Flex Building with Controlled
For Sale
$1,300,000
Pending
2648 N Kiowa Blvd N, Lake Havasu City, AZ 86403
Commercial Sale, Lake Havasu City, AZ
Property Size5,000 SF
Lot Size0.29 Acres
Days on Market144
Property Features for 2648 N Kiowa Blvd N
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
L-C-1 Limited Commercial
Subdivision
Lake Havasu City
Directions
Highway 95 to Kiowa North. Just below Avalon.
Standard status
Pending
APN
104-30-126
Size
5,000 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT: 2182 LAKE HAVASU CITY TR 2182 BLK 15 LOT 17
Tax Annual Amount
465
Legal Description
TRACT: 2182 LAKE HAVASU CITY TR 2182 BLK 15 LOT 17
Building Details
Year built
2026
Number of units
1
Listing Agency:
Realty ONE Group Mountain Desert-LH
(928) 680-7350
Listed By:
Vivid Living
(928) 486-5157
Added: Apr 15
Changed: Sep 1
Last Checked: Sep 5 at 6:06PM
MLS# 1040413
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 under-construction flex property is scheduled for completion in 2026 and contains 5,000 square feet on a 0.29-acre site. The layout includes two enclosed offices, a central main area, two bathrooms, and an upper storage area that could be converted into additional office space. The building can remain configured as one unit or be divided into two separate units.
Approximately 3,000 square feet of garage area is air controlled. Front and rear parking are provided, and the property is positioned at 2648 N Kiowa Blvd N in Lake Havasu City, Arizona. The combination of office, storage, and garage components supports a range of flex-space configurations as the buildout progresses.
Approximately 3,000 square feet of garage area is air controlled. Front and rear parking are provided, and the property is positioned at 2648 N Kiowa Blvd N in Lake Havasu City, Arizona. The combination of office, storage, and garage components supports a range of flex-space configurations as the buildout progresses.
Key Highlights
- 5,000‑square‑foot flex building on a 0.29‑acre site
- Approximately 3,000 square feet of air‑controlled garage space
- Layout can be retained as one unit or divided into two separate units
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
$55,463
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
4.27%
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%
$1,109,260
$1.1M
Cap Rate 7%
$792,329
$792.3K
Cap Rate 9%
$616,256
$616.3K
Market Conditions
NOI Build-Up for 5,000 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
$87.0K $17.40/SF
− Vacancy
−$13.1K −$2.61/SF
EGI
$74.0K $14.79/SF
− OpEx
−$18.5K −$3.70/SF
NOI
$55.5K $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%
$1,109,260
Cap Rate 7%
$792,329
Cap Rate 9%
$616,256
Alternative Uses
Best Use
Office B
$792.3K
$693.3K – $924.4K
NOI $55,463 @ 7.0% cap · market cap 4.27%
Second Best
Warehouse
$693.2K
$606.6K – $808.8K
NOI $48,525 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.12M
$976.8K – $1.30M
NOI $78,144 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Under-construction commercial space offers adaptable occupancy, enclosed offices, bathrooms, storage, and front and rear parking.
Where is this flex space located?
The property is located at 2648 N Kiowa Blvd N Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex building on a 0.29‑acre site; Approximately 3,000 square feet of air‑controlled garage space; Layout can be retained as one unit or divided into two separate units
