Rooftop Bar and
New
For Sale
$2,695,000
1515 Marlboro Dr, Lake Havasu City, AZ 86403
Multi-level venue with elevator access, lake views, and a Series 6 liquor license available for inclusion.
Property Size7,125 SF
Price / SF$378.25
Days on Market2
Property Features for 1515 Marlboro Dr
General Information
Standard status
Active
Size
7,125 SF
Additional Details
Floor
Rooftop
Liquor License
Yes
Amenities
lake views
London Bridge and Channel waterway views
elevator access
VIP private events
Building Details
Year Built
1973
Listing Agency:
Mohave Realty
(714) 686-0018
Listed By:
Raul Ballas · License #SA677297000
Source:
Sellinghavasu
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 5:34AM
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 Mohave Realty
Investment Insights
Based on property information with market context.
This 7,125-square-foot rooftop bar and restaurant occupies a multi-level commercial property built in 1973. Elevator service connects the levels, supporting access throughout the venue. A Series 6 liquor license is available for inclusion with the property.
The property is located at 1515 Marlboro Dr in Lake Havasu City, with views across the lake, the London Bridge, and the Channel waterway. The elevated setting also provides a backdrop for private events, including VIP functions, as described for the property.
The property is located at 1515 Marlboro Dr in Lake Havasu City, with views across the lake, the London Bridge, and the Channel waterway. The elevated setting also provides a backdrop for private events, including VIP functions, as described for the property.
Key Highlights
- 7,125‑square‑foot rooftop bar and restaurant
- Views of the lake, London Bridge, and Channel waterway
- Elevator access serves all levels
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
$89,935
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
3.34%
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%
$1,798,700
$1.8M
Cap Rate 7%
$1,284,786
$1.3M
Cap Rate 9%
$999,278
$999.3K
Market Conditions
NOI Build-Up for 7,125 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
$128.3K $18.00/SF
− Vacancy
−$8.3K −$1.17/SF
EGI
$119.9K $16.83/SF
− OpEx
−$30.0K −$4.21/SF
NOI
$89.9K $12.62/SF
Area
Mohave County, AZ
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,798,700
Cap Rate 7%
$1,284,786
Cap Rate 9%
$999,278
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,935 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,355 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
417k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 15%
Apparel 11%
Groceries 8%
In-N-Out Burger
Dining
39,494 visits/mo
0.1 miles
Ross Dress for Less
Apparel
35,975 visits/mo
0.3 miles
Safeway
Groceries
34,599 visits/mo
0.4 miles
McDonald's
Dining
24,894 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
22,167 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Multi-level venue with elevator access, lake views, and a Series 6 liquor license available for inclusion.
Where is this bar & pub located?
The property is located at 1515 Marlboro Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 7,125‑square‑foot rooftop bar and restaurant; Views of the lake, London Bridge, and Channel waterway; Elevator access serves all levels
