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    Versatile Commercial Space on Route 95 Title is generated by Realmo AI

    1408 S California Ave, Parker, AZ 85344

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    Picture of Automotive properties at 1408 S California Ave, Parker, AZ
    For Lease
    $5,000/Mo $10 SF/Yr (calc)

    COMMERCIAL - Parker, AZ

    Property size:
    5,764 SF
    Lot size:
    0.34 Acres
    Added:
    Aug 16, 2024
    Days on Market:
    635
    Last Refresh:
    May 12 at 6:06 am

    Property Features for 1408 S California Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Fencing
    Privacy
    Standard status
    Active
    APN
    311-26-068
    Size
    5,764 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    LOT 3 BLOCK 212 PARKER TOWNSITE
    Tax Annual Amount
    1444

    Utilities

    Utilities
    Natural Gas Available
    Cooling system
    Zoned, Ductless
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete, Tile - Ceramic
    Building materials
    Wood Frame, Block, Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Rey De Leon
    Rey De Leon

    Listing agent Rey De Leon License #SA669693000

    Listing office Coldwell Banker Realty 450 S Lake Havasu Ave. Suite 206, LAKE HAVASU CITY, AZ

    Listing date Aug 16, 2024

    MLS# 1031824

    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.

    HighLights

    • Prime corner lot location on highly trafficked State Route Arizona 95 with excellent visibility.
    • Versatile C2 zoning allows for a variety of business uses (retail, office, automotive).
    • Large 15,000 sq ft lot with a 50'x118' building including garage and office space, plus a 7,500 sq ft open lot.
    • Tenant improvements allowed for customized space.
    • Ample parking available for customers and employees.
    • Close proximity to local amenities, businesses, and residential areas.

    Overview

    This commercial space, zoned C2, is available for lease on a prime corner lot. The property is suitable for a variety of businesses, including retail, office space, and automotive service enterprises. The total lot size is 15,000 square feet, which includes a 50'x118' building with garage and office space. An open, uncovered lot of 7,500 square feet is also available. Situated on the highly trafficked State Route Arizona 95, the property offers excellent visibility and easy access. Tenant improvements are allowed to customize the space. The property boasts ample square footage and convenient parking for customers and employees. Located close to local amenities, businesses, and residential areas, this property is in direct sight of high vehicle traffic. The prior automotive service shop had a strong customer base, making this an ideal location to establish or expand your business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 1825 S California Ave, Parker, AZ 85344
    • Parker Car Rental — W 11th St, Parker, AZ 85344, United States
    • U-Haul Neighborhood Dealer — 912 S Hopi Ave, Parker, AZ 85344

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    La Paz
    State
    Arizona
    Longitude
    -114.286796
    Latitude
    34.145831

    FAQs

    What type of property is this?
    Automotive property - Prime corner lot suitable for retail, office, or automotive businesses.
    Where is this automotive property located?
    The property is located at 1408 S California Ave Parker, AZ.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: Prime corner lot location on highly trafficked State Route Arizona 95 with excellent visibility.; Versatile C2 zoning allows for a variety of business uses (retail, office, automotive).; Large 15,000 sq ft lot with a 50'x118' building including garage and office space, plus a 7,500 sq ft open lot.
    (928) 916-9415
    We can help!
    Listing Contact
    Rey De Leon
    Rey De Leon
    Real Estate License ID: SA669693000
    Learn More
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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
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