Commercial Condo with Showroom
For Sale
$294,500
911 N Lake Havasu Ave N Unit 104, Lake Havasu City, AZ 86403
Commercial condo unit with air-conditioned showroom, large display windows, and a 36-foot-deep bay with roll-up door access.
Property Size1,212 SF
Price / SF$242.99
Days on Market32
Property Features for 911 N Lake Havasu Ave N Unit 104
General Information
Standard status
Active
Size
1,212 SF
Zoning
M-1P
Additional Details
Highway Access
Yes
Building Details
Year Built
2001
Listing Agency:
Paradise Sales & Management
(928) 716-1199
Listed By:
Ed Jacobs
Source:
Sellinghavasu
Added: Jul 24
Changed: Aug 14
Last Checked: Aug 23 at 7:51AM
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 Paradise Sales & Management
Investment Insights
Based on property information with market context.
This commercial condo unit is suited for light manufacturing and a variety of commercial uses, with an air-conditioned showroom featuring large display windows for retail or customer-facing operations. The property also includes a 36-foot-deep bay with a 13-foot roll-up door, plus a rear man door for additional access and service convenience.
The unit has storefront exposure on Lake Havasu Avenue near Highway 95, along with complex marquee signage. There is a private restroom and a rear shop swamp cooler, and the unit offers three entrances.
Parking is provided throughout the complex. HOA dues are $572.35 per quarter, supporting common-area maintenance and shared site operations.
The unit has storefront exposure on Lake Havasu Avenue near Highway 95, along with complex marquee signage. There is a private restroom and a rear shop swamp cooler, and the unit offers three entrances.
Parking is provided throughout the complex. HOA dues are $572.35 per quarter, supporting common-area maintenance and shared site operations.
Key Highlights
- 2001‑built commercial condo unit with an air‑conditioned showroom and large display windows
- Prominent storefront exposure on Lake Havasu Avenue near Highway 95 with access to the complex marquee sign
- 36‑foot‑deep bay includes a 13‑foot roll‑up door plus rear man door access
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
$11,763
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
3.99%
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%
$235,260
$235.3K
Cap Rate 7%
$168,043
$168.0K
Cap Rate 9%
$130,700
$130.7K
Market Conditions
NOI Build-Up for 1,212 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
$15.7K $12.96/SF
− Vacancy
−$1.9K −$1.54/SF
EGI
$13.8K $11.42/SF
− OpEx
−$2.1K −$1.71/SF
NOI
$11.8K $9.71/SF
Area
Mohave County, AZ
Vacancy
11.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
15.00%
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%
$235,260
Cap Rate 7%
$168,043
Cap Rate 9%
$130,700
Alternative Uses
Best Use
Warehouse
$168.0K
$147.0K – $196.1K
NOI $11,763 @ 7.0% cap · market cap 3.99%
Second Best
Industrial
$138.4K
$121.1K – $161.5K
NOI $9,687 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$270.6K
$236.8K – $315.7K
NOI $18,942 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Balanced
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial condo unit with air-conditioned showroom, large display windows, and a 36-foot-deep bay with roll-up door access.
Where is this flex space located?
The property is located at 911 N Lake Havasu Ave N Unit 104 Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $294,500.
What are key features of this property?
This property features: 2001‑built commercial condo unit with an air‑conditioned showroom and large display windows; Prominent storefront exposure on Lake Havasu Avenue near Highway 95 with access to the complex marquee sign; 36‑foot‑deep bay includes a 13‑foot roll‑up door plus rear man door access
