Built-Out Office
For Sale
$178,500
106-2585 Miracle Mile, Bullhead City, AZ 86442
Configured with reception, private offices, a breakroom, and a private restroom for an owner-user or tenant.
Property Size100,000 SF
Price / SF$176.56
Days on Market360
Property Features for 106-2585 Miracle Mile
General Information
Standard status
Active
Size
100,000 SF
Taxes and HOA fees
Annual Taxes
$933
Building Details
Building Size
100,000 SF
Listing Agency:
Kidder Mathews
(602) 300-4112
Listed By:
Bret Isbell · License #BR549336000
(602) 300-4112
Source:
Exprealty
Added: Aug 28, 2025
Changed: Aug 21
Last Checked: Aug 21 at 12:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
Investment Insights
Based on property information with market context.
This 1,011-square-foot office condo is fully built out with a reception area, three private offices, a breakroom, and a private restroom. The existing configuration supports immediate office occupancy without introducing additional layout assumptions. The property is available for sale or lease.
The suite is located within Colorado Place, a professionally managed mixed-use property containing 100,000 square feet. The complex sits in the Central Business District of Bullhead City at 106-2585 Miracle Mile, providing an established office setting within the community’s central business area.
The suite is located within Colorado Place, a professionally managed mixed-use property containing 100,000 square feet. The complex sits in the Central Business District of Bullhead City at 106-2585 Miracle Mile, providing an established office setting within the community’s central business area.
Key Highlights
- 1,011 SF fully built‑out office condo
- Reception area, 3 private offices, breakroom, and private restroom
- Available for sale or lease
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
$11,215
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
6.28%
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%
$224,300
$224.3K
Cap Rate 7%
$160,214
$160.2K
Cap Rate 9%
$124,611
$124.6K
Market Conditions
NOI Build-Up for 1,011 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
$17.6K $17.40/SF
− Vacancy
−$2.6K −$2.61/SF
EGI
$15.0K $14.79/SF
− OpEx
−$3.7K −$3.70/SF
NOI
$11.2K $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%
$224,300
Cap Rate 7%
$160,214
Cap Rate 9%
$124,611
Alternative Uses
Best Use
Office B
$160.2K
$140.2K – $186.9K
NOI $11,215 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$225.7K
$197.5K – $263.4K
NOI $15,801 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured with reception, private offices, a breakroom, and a private restroom for an owner-user or tenant.
Where is this office units located?
The property is located at 106-2585 Miracle Mile Bullhead City, AZ.
What is the asking price?
The asking price for this property is $178,500.
What are key features of this property?
This property features: 1,011 SF fully built‑out office condo; Reception area, 3 private offices, breakroom, and private restroom; Available for sale or lease
