Office-Integrated Flex
For Sale
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1515 N Lake Havasu Ave N #100, Lake Havasu City, AZ 86404
A two-level layout combines private offices and meeting space with a rear-access garage and warehouse area.
Property Size6,000 SF
Price / SF$1.00
Days on Market178
Property Features for 1515 N Lake Havasu Ave N #100
General Information
Standard status
Active
Size
6,000 SF
Property subtype
General Commercial
Warehouse & Industrial
Warehouse Space
3,000 SF
Office Build-Out
3,000 SF
Drive-In Doors
1
Additional Details
Road Access
Yes
Property Use
Office / Warehouse
Amenities
Conference Room
Kitchenette
Laundry Area
Building Details
Year Built
2005
Stories
2
Listing Agency:
HomeSmart River Realty
Listed By:
Havasu Life Properties
(928) 732-4866
Source:
Havasulifeproperties
Added: May 7
Changed: Oct 31
Last Checked: Oct 31 at 2:34PM
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 HomeSmart River Realty
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Investment Insights
Based on property information with market context.
Built in 2005, this 6,000-square-foot flex property is arranged across two levels. The upper floor contains approximately 3,000 square feet of office space, with 12 private offices, a conference room, two kitchenettes, two bathrooms, and a laundry area. Parking-area access serves the office level. Below, approximately 3,000 square feet is configured for garage and warehouse use, with a 60' wide x 50' deep layout and a 7' x 16' garage door.
Located at 1515 N Lake Havasu Ave N #100 in Lake Havasu City, Arizona, the lower level has rear road access. The layout brings office and garage/warehouse functions together in one property.
Located at 1515 N Lake Havasu Ave N #100 in Lake Havasu City, Arizona, the lower level has rear road access. The layout brings office and garage/warehouse functions together in one property.
Key Highlights
- 6,000 sq ft total, with approximately 3,000 sq ft each of office and garage/warehouse space
- Office level includes 12 private offices, a conference room, 2 kitchenettes, 2 bathrooms, and laundry area
- Garage/warehouse area measures 60' wide x 50' deep
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,529
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,580
$890.6K
Cap Rate 7%
$636,129
$636.1K
Cap Rate 9%
$494,767
$494.8K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$77.8K $12.96/SF
− Vacancy
−$9.3K −$1.54/SF
EGI
$68.5K $11.42/SF
− OpEx
−$24.0K −$4.00/SF
NOI
$44.5K $7.42/SF
Area
Mohave County, AZ
Vacancy
11.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,580
Cap Rate 7%
$636,129
Cap Rate 9%
$494,767
Alternative Uses
Best Use
Warehouse
$831.9K
$727.9K – $970.5K
NOI $58,231 @ 7.0% cap · market cap 970.52%
Second Best
Industrial
$685.1K
$599.4K – $799.3K
NOI $47,955 @ 7.0% cap · market cap 799.25%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,773 @ 7.0% cap · market cap 1,562.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 86404, AZ
18,312
Population
11,503
Households
1.6
Avg Household Size
59
Median Age
19%
College-Educated
93%
High-School Grad
161.8 sq mi
ZIP Area
113
Density / Sq Mi
$67,528
Median Household Income
$37,160
Median Earnings
$1,352
Median Rent
$421,300
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A two-level layout combines private offices and meeting space with a rear-access garage and warehouse area.
Where is this flex space located?
The property is located at 1515 N Lake Havasu Ave N #100 Lake Havasu City, AZ.
What are key features of this property?
This property features: 6,000 sq ft total, with approximately 3,000 sq ft each of office and garage/warehouse space; Office level includes 12 private offices, a conference room, 2 kitchenettes, 2 bathrooms, and laundry area; Garage/warehouse area measures 60' wide x 50' deep
