Building Details

Year Built 1978

Listing Agency: HomeSmart River Realty

Listed By: Havasu Life Properties Show Phone

Source: Havasulifeproperties

Added: May 25, 2024 Changed: Nov 1 Last Checked: Nov 1 at 1:31AM

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Investment Insights

Based on property information with market context.

This 3,498-square-foot restaurant property at 5035 E Powell Lake Rd in Topock was built in 1978. The layout includes a commercial kitchen with a pizza oven, a main dining and cocktail bar area, a separate whiskey bar, billiards rooms, and three dining or party spaces. Two outdoor patios provide additional dining and event areas, and the property has a liquor permit covering the lot for outdoor events. The kitchen and bar equipment is owned and updated.

The property is a few miles from the Colorado River. Its separate indoor and patio spaces can accommodate simultaneous events while the restaurant remains open to the public. Delivery through Uber Eats is also part of the operation.

Key Highlights

• 3,498‑square‑foot restaurant property
• Commercial kitchen includes a pizza oven and owned, updated equipment
• Two outdoor patios and three dining or party spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,154

Cap Rate

3.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$883,080 $883.1K

Cap Rate 7%

$630,771 $630.8K

Cap Rate 9%

$490,600 $490.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,498 SF

Gross rent

$63.0K $18.00/SF

− Vacancy

−$4.1K −$1.17/SF

EGI

$58.9K $16.83/SF

− OpEx

−$14.7K −$4.21/SF

NOI

$44.2K $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 Rate 5%

$883,080

Cap Rate 7%

$630,771

Cap Rate 9%

$490,600

Alternative Uses

Best Use

Specialty Retail

$630.8K

$551.9K – $735.9K (±1% cap)

NOI $44,154 @ 7.0% cap · market cap 3.40%

Second Best

Industrial

$399.4K

$349.5K – $466.0K (±1% cap)

NOI $27,958 @ 7.0% cap · market cap 2.15%

Theoretical Best

Office A

$781.0K

$683.4K – $911.2K (±1% cap)

NOI $54,670 @ 7.0% cap · market cap 4.21%

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

Conventional restaurants

Suggested Use

Top Pick Electrical Service HVAC Service Grocery & Convenience Store Auto Parts Store Building Supply Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 86436, AZ

1,938

Population

1,623

Households

1.2

Avg Household Size

61

Median Age

20%

College-Educated

89%

High-School Grad

86.5 sq mi

ZIP Area

22

Density / Sq Mi

$60,927

Median Household Income

$42,051

Median Earnings

$929

Median Rent

$206,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Restaurant - A commercial kitchen, pizza oven, and separate bar areas support food service and event hosting.

Where is this restaurant located?

The property is located at 5035 E Powell Lake Rd Topock, AZ.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 3,498‑square‑foot restaurant property; Commercial kitchen includes a pizza oven and owned, updated equipment; Two outdoor patios and three dining or party spaces