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    Established RV Store and Repair Title is generated by Realmo AI

    1535 Ramar Rd, Bullhead City, AZ 86442

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    For Sale
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    Long-established RV store and repair business with great potential.

    Type:Industrial
    Property size:
    3,168 SF
    Price / SF:
    $165/SF
    Added:
    Nov 17, 2023
    Days on Market:
    916
    Last Refresh:
    May 12 at 8:03 pm

    Property Features for 1535 Ramar Rd

    General Information

    Standard status
    Active
    Size
    3,168 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    David Patterson

    Listing agent David Patterson License #SE 014127000

    Listing office Sperry Commercial Global Affiliates Henderson

    Listing date Nov 17, 2023

    Source Crexi

    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 Sperry Commercial Global Affiliates Henderson

    HighLights

    • Established RV store and repair business with a 30‑year impeccable reputation.
    • Fully equipped building for all types of RV repair.
    • Includes a massive inventory of RV parts for retail sales.
    • Immediate profit stream potential due to existing client base.
    • Great location with potential for other uses.
    • Year built: 1972.

    Overview

    This long-established RV store and repair business presents a significant opportunity. Despite being closed for most of the previous year, the property continues to attract inquiries and potential clients. The business has cultivated a strong reputation over 30 years of operation. The sale includes a retail component with a substantial inventory of RV parts. The building is fully equipped to manage various types of repair work. The property size is 3168 square feet. The location offers potential for various alternative uses.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $341.9K
    NOI $30,769 @ 9.00% cap · cautious / downside scenario
    Moderate
    $439.6K
    NOI $30,769 @ 7.00% cap · market / base-case scenario
    Aggressive
    $615.4K
    NOI $30,769 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $47.5k $15.00
    − Vacancy −$3.6k −$1.13
    EGI $44.0k $13.88
    − OpEx −$13.2k −$4.16
    NOI $30.8k $9.71
    3,168 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $439.6K
    $384.6K – $512.8K (±1% cap)
    NOI $30,769 @ 7.0% cap · market cap 5.86%
    Second Best
    Industrial
    $361.7K
    $316.5K – $422.0K (±1% cap)
    NOI $25,320 @ 7.0% cap · market cap 4.82%
    Theoretical Best
    Office A
    $707.3K
    $618.9K – $825.2K (±1% cap)
    NOI $49,512 @ 7.0% cap · market cap 9.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RV Care Center Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 2198 AZ-95, Bullhead City, AZ 86442

    Location Insight

    • Map
    • Local Demand
    City
    Bullhead City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.596541
    Latitude
    35.1154944

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    FAQs

    What type of property is this?
    Automotive property - Long-established RV store and repair business with great potential.
    Where is this automotive property located?
    The property is located at 1535 Ramar Rd Bullhead City, AZ.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Established RV store and repair business with a 30‑year impeccable reputation.; Fully equipped building for all types of RV repair.; Includes a massive inventory of RV parts for retail sales.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Patterson
    Real Estate License ID: SE 014127000
    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.

    More about this property
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    1535 Ramar Rd, Bullhead City, AZ 86442
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