Five-Unit Mixed-Use
1515 N Lake Havasu Ave N, Lake Havasu City, AZ 86404
For Sale
$1,775,000
Commercial Sale, Lake Havasu City, AZ
Property Size9,511 SF
Lot Size0.43 Acres
Price / SF$186.65
Days on Market47
Property Features for 1515 N Lake Havasu Ave N
General Information
Property type
Property subtype
Zoning description
Security features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Realty ONE Group Mountain Desert-LH
(928) 680-7350
Listed By:
Randy Shuffler · License #/SA535036000
(928) 230-5982
Added: Sep 24
Changed: Oct 1
Last Checked: Nov 9 at 3:06AM
MLS# 1042646
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,510-square-foot mixed-use property, built in 2005, contains five separately metered commercial units and approximately 3,000 square feet of garage and warehouse area. Interior features include private offices, reception space, five bathrooms, and two kitchenettes. The lower-level garage measures approximately 60 by 50 feet and has a 7-by-16-foot overhead door. Central heating and air conditioning serve the building, with concrete flooring and a flat private parking lot.
The property is one block from Highway 95 near Palo Verde North. Rear road access serves the garage, providing an additional point of entry. The site encompasses 0.43 acres in Lake Havasu City.
The property is one block from Highway 95 near Palo Verde North. Rear road access serves the garage, providing an additional point of entry. The site encompasses 0.43 acres in Lake Havasu City.
Key Highlights
- 9,510 square feet of building area on 0.43 acres
- Five separately metered commercial units with private offices, reception space, five bathrooms, and two kitchenettes
- Approximately 3,000 square feet of garage and warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,490
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,109,800
$2.1M
Cap Rate 7%
$1,507,000
$1.5M
Cap Rate 9%
$1,172,111
$1.2M
Market Conditions
NOI Build-Up for 9,510 SF
Gross rent
$165.5K $17.40/SF
− Vacancy
−$24.8K −$2.61/SF
EGI
$140.7K $14.79/SF
− OpEx
−$35.2K −$3.70/SF
NOI
$105.5K $11.09/SF
Area
Mohave County, AZ
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,109,800
Cap Rate 7%
$1,507,000
Cap Rate 9%
$1,172,111
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,490 @ 7.0% cap · market cap 5.94%
Second Best
Warehouse
$1.32M
$1.15M – $1.54M
NOI $92,295 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,630 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
5
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five separately metered commercial spaces can operate independently or function together within a single building.
Where is this mixed-use property located?
The property is located at 1515 N Lake Havasu Ave N Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 9,510 square feet of building area on 0.43 acres; Five separately metered commercial units with private offices, reception space, five bathrooms, and two kitchenettes; Approximately 3,000 square feet of garage and warehouse space
