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    Medical Office Near Havasu Center Title is generated by Realmo AI

    150 Riviera Dr, Lake Havasu City, AZ 86403

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    Picture of Medical Office Space at 150 Riviera Dr, Lake Havasu City, AZ
    For Lease
    $2,900/Mo $19 SF/Yr (calc)

    COMMERCIAL - Lake Havasu City, AZ

    Property size:
    1,798 SF
    Lot size:
    0.04 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    119
    Last Refresh:
    May 11 at 11:06 pm

    Property Features for 150 Riviera Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    107-30-006
    Size
    1,798 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TRACT: 2312 LAKE HAVASU CITY TR 2312 SEC 11 BLK 2 LOT 3
    Tax Annual Amount
    2550

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1998
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate

    We can help!

    Listing Contact
    John H Parrott

    Listing agent John H Parrott

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

    Listing date Jan 12, 2026

    MLS# 1038809

    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 location near Havasu Medical Center.
    • Move‑in ready with new flooring and paint.
    • Multiple exam rooms, nurses station, and records area.
    • ADA compliant restroom and rear entrance.
    • Ample parking and easy access.
    • Expansion potential: Landlord can build additional space.

    Overview

    This near-new medical office is located in close proximity to Havasu Medical Center. The 1798-square-foot property features new flooring and paint, multiple exam rooms, a nurses station, and a records area. It includes an ADA-compliant restroom and a rear entrance. The property provides ample parking and easy access from Injo. A comfortable waiting area is available. Situated on a 0.04-acre lot, the landlord also owns the adjacent lot and has the potential to construct additional space for a larger office. The property is located in Lake Havasu City, Mohave County, Arizona.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quinn Edward J ... Physician Sarah Joan Grohmann Physician Lakeside Heart & Vascular Medical Clinic Mohammad Kazmi Physician Christopher Milford Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Animal Hospital of Havasu — 1990 Mesquite Ave, Lake Havasu City, AZ 86403
    • Lange Veterinary Center — 195 Paseo del Sol Ave, Lake Havasu City, AZ 86403
    • Buckman Cary DVM — 1990 Mesquite Ave, Lake Havasu City, AZ 86403

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.334707
    Latitude
    34.480622

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    FAQs

    What type of property is this?
    Medical Office Space - Near Havasu Medical Center, this office features multiple exam rooms.
    Where is this medical office space located?
    The property is located at 150 Riviera Dr Lake Havasu City, AZ.
    What is the lease rate?
    The lease rate is $2,900 /Mo.
    What are key features of this property?
    This property features: Prime location near Havasu Medical Center.; Move‑in ready with new flooring and paint.; Multiple exam rooms, nurses station, and records area.
    (928) 855-2191
    We can help!
    Listing Contact
    John H Parrott
    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.

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