Fully Built-Out Medical Office
120-2585 Miracle Mile Bullhead City, AZ 86442
120-2585 Miracle Mile, Bullhead City, AZ, 86442
$375,000
For Sale
$375,000
Lease investment medical condo featuring reception, multiple exam rooms with sinks, lab, breakroom, and two restrooms.
Property Size2,000 SF
Price / SF$187.50
Days on Market739
Property Features for 120-2585 Miracle Mile
General Information
- Standard status
- Active
- Size
- 2,000 SF
Listing agency
Kidder Mathews
(602) 300-4112
Listed by
Bret Isbell · License #BR549336000
(602) 300-4112
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 21 at 12:31PM Checked: Jul 22 at 10:04AM
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 fully built-out medical office condo is offered as a fully leased investment. The space includes a reception/waiting area with check-in, multiple exam rooms with sinks, a lab, a breakroom, and two restrooms. Monument signage is also noted for visibility.
The property is part of Colorado Place, a professionally managed mixed-use building totaling 100,000 square feet. Public remarks indicate it is located at the center of the Central Business District of Bullhead City, with access tied to a broader tourism market serving river recreation in summer and warmer-weather demand in winter, alongside gaming year-round.
A health and wellness tenant is on a 6-year new lease with annual rent escalations, supporting ongoing occupancy through the lease term.
The property is part of Colorado Place, a professionally managed mixed-use building totaling 100,000 square feet. Public remarks indicate it is located at the center of the Central Business District of Bullhead City, with access tied to a broader tourism market serving river recreation in summer and warmer-weather demand in winter, alongside gaming year-round.
A health and wellness tenant is on a 6-year new lease with annual rent escalations, supporting ongoing occupancy through the lease term.
Key Highlights
- Fully built‑out medical office condo on a health and wellness tenant lease with a 6‑year new lease term and annual rent escalations
- Reception/waiting area with check‑in plus multiple exam rooms, each with a sink
- Includes lab area and breakroom for the medical office
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $21.60 |
| − Vacancy | −$2.8k | −$1.40 |
| EGI | $40.4k | $20.20 |
| − OpEx | −$16.2k | −$8.08 |
| NOI | $24.2k | $12.12 |
2,000 SF · lease $21.60/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$346.2K
$302.9K – $403.9K
NOI $24,235 @ 7.0% cap · market cap 6.46%
Second Best
Office B
$316.9K
$277.3K – $369.8K
NOI $22,185 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Lease investment medical condo featuring reception, multiple exam rooms with sinks, lab, breakroom, and two restrooms.
Where is this medical office space located?
The property is located at 120-2585 Miracle Mile Bullhead City, AZ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Fully built‑out medical office condo on a health and wellness tenant lease with a 6‑year new lease term and annual rent escalations; Reception/waiting area with check‑in plus multiple exam rooms, each with a sink; Includes lab area and breakroom for the medical office
