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    Renovated Office Suite Complex Title is generated by Realmo AI

    1491 Palma Road, Bullhead City, AZ 86442

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    For Lease
    $709 /Mo

    COMMERCIAL - Bullhead City, AZ

    Lot size:
    0.68 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 1491 Palma Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    214-24-020A
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    T20N R22W SEC 17 HOLIDAY HIGHLANDS TRACT NO 1140 BLK 3 LOTS 1,2,3 & 4
    Tax Annual Amount
    4775

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2008

    We can help!

    Listing Contact
    Robert Neitzke

    Listing agent Robert Neitzke License #SA661272000

    Listing office US SOUTHWEST(R) 3767 Highway 95, Bullhead City, AZ

    Listing date Jun 2, 2026

    MLS# 039525

    Copyright © 2026 Momentum MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Nine versatile office suites across two buildings in Bullhead City
    • Building B has seven suites and Building A has two suites
    • Suite sizes range from 400 SF to almost 2,000 SF, with space that can be combined for larger offices
    • Newly renovated offices with public water and public sewer
    • Move‑in ready suites; many are set up for a beauty salon with sinks and chairs
    • Includes electric, trash, water, and sewer in the rent starting as low as $709.00

    Overview

    Nine versatile office suites are available across two buildings, providing multiple move-in options for today’s professional users. The property has been newly renovated and offers a mix of suite sizes, ranging from roughly 400 square feet to nearly 2,000 square feet. Building B features seven suites, while Building A includes the remaining two. Many suites are move-in ready and can be combined to create larger footprints when needed.

    Located in Bullhead City, AZ at 1491 Palma Road, the center is designed for flexible occupancy. Utilities are included with the suites, including electric, trash, water, and sewer, which simplifies budgeting for tenants. Most of the spaces are set up for a beauty salon environment, including sinks and chairs, supporting immediate operation for service-oriented businesses.

    This configuration is a strong fit for an owner-user, a multi-tenant operator, or professionals seeking ready-to-work space with built-in flexibility. The combination-friendly suite plan can accommodate growth or different team sizes, while the salon-ready buildout supports beauty and wellness tenants that need functional interior improvements without additional start-up work.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lucas Frank E Counselor R&R Skin Bar ... Medical Clinic Konica Minolta Business ... Professional Services Team Connaughty Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bullhead City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.600617
    Latitude
    35.11572

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    FAQs

    What type of property is this?
    Office units - Move-in ready office suites with flexible layouts and utilities included, newly renovated and suitable for professional or beauty use.
    Where is this office units located?
    The property is located at 1491 Palma Road Bullhead City, AZ.
    What is the lease rate?
    The lease rate is $709 /Mo.
    What are key features of this property?
    This property features: Nine versatile office suites across two buildings in Bullhead City; Building B has seven suites and Building A has two suites; Suite sizes range from 400 SF to almost 2,000 SF, with space that can be combined for larger offices
    (928) 577-7766
    We can help!
    Listing Contact
    Robert Neitzke
    Real Estate License ID: SA661272000
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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.

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    1491 Palma Road, Bullhead City, AZ 86442
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