Retail Space in Shopping
For Sale
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1990 Mcculloch Blvd N #104, Lake Havasu City, AZ 86403
A 7,980-square-foot suite sits within McCulloch Center alongside Albertson's, Goodwill, and Black Bear.
Property Size25,792 SF
Price / SF$0.47
Days on Market661
Property Features for 1990 Mcculloch Blvd N #104
General Information
Standard status
Active
Size
25,792 SF
Property subtype
Limited Commercial
Additional Details
Anchor Co-Tenants
Albertson's, Goodwill, Black Bear
Building Details
Year Built
1980
Listing Agency:
HomeSmart River Realty
Listed By:
Havasu Life Properties
(928) 732-4866
Source:
Havasulifeproperties
Added: Jan 9, 2025
Changed: Oct 31
Last Checked: Oct 31 at 2:30PM
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
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 7,980-square-foot retail suite is located in McCulloch Center, a shopping center that includes Albertson's, Goodwill, and Black Bear. The building dates to 1980.
The property is at 1990 McCulloch Blvd N in Lake Havasu City, Arizona.
The property is at 1990 McCulloch Blvd N in Lake Havasu City, Arizona.
Key Highlights
- 7,980 square feet of retail space
- Located in McCulloch Center with Albertson's, Goodwill, and Black Bear
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$250,505
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,010,100
$5.0M
Cap Rate 7%
$3,578,643
$3.6M
Cap Rate 9%
$2,783,389
$2.8M
Market Conditions
NOI Build-Up for 25,792 SF
Gross rent
$386.9K $15.00/SF
− Vacancy
−$29.0K −$1.13/SF
EGI
$357.9K $13.88/SF
− OpEx
−$107.4K −$4.16/SF
NOI
$250.5K $9.71/SF
Area
Mohave County, AZ
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,010,100
Cap Rate 7%
$3,578,643
Cap Rate 9%
$2,783,389
Alternative Uses
Best Use
Retail
$3.58M
$3.13M – $4.18M
NOI $250,505 @ 7.0% cap · market cap 2,087.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,098 @ 7.0% cap · market cap 3,359.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,315
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Shops & Services 30%
Apparel 16%
Dining 15%
Albertsons
Groceries
30,836 visits/mo
0.2 miles
Black Bear Diner
Dining
12,038 visits/mo
0.2 miles
Goodwill
Apparel
11,697 visits/mo
0.1 miles
Maverik Adventures First Stop
Shops & Services
9,497 visits/mo
0.5 miles
Chase Bank
Shops & Services
7,201 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
Frequently Asked Questions
What type of property is this?
Retail space - A 7,980-square-foot suite sits within McCulloch Center alongside Albertson's, Goodwill, and Black Bear.
Where is this retail space located?
The property is located at 1990 Mcculloch Blvd N #104 Lake Havasu City, AZ.
What are key features of this property?
This property features: 7,980 square feet of retail space; Located in McCulloch Center with Albertson's, Goodwill, and Black Bear; Built in 1980
