Turnkey Mexican Restaurant
For Sale
$1,390,000
1601 Industrial Blvd, Lake Havasu City, AZ 86403
Restaurant property operating as a Mexican restaurant with C-2 commercial zoning and ample parking.
Property Size4,430 SF
Price / SF$313.77
Days on Market48
Property Features for 1601 Industrial Blvd
General Information
Standard status
Active
Size
4,430 SF
Zoning
C-2
Additional Details
Business Included
Yes
Building Details
Year Built
1987
Listing Agency:
Selman And Associates
Listed By:
Moises Ortiz · License #SA668725000
(407) 803-3809
Source:
Sellinghavasu
Added: Jul 21
Changed: Aug 10
Last Checked: Sep 5 at 11:44AM
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 Selman And Associates
Investment Insights
Based on property information with market context.
This commercial property at 1601 Industrial Blvd operates as an established Mexican restaurant and is presented as a turnkey setup or as a foundation for a new concept. The asset is situated to serve both hospitality and other service or retail needs, with its existing restaurant operations providing a defined, working layout for an owner or buyer.
The property is zoned C-2 Commercial and is described as being on a busy thoroughfare with convenient access and strong curb appeal. Remarks also note ample parking and steady traffic from locals and visitors year-round, with especially high activity during peak boating and tourist seasons. The location is stated to be just minutes from a popular boat launch area, supporting demand tied to visitors coming through the area.
Overall, this is a C-2 zoned restaurant property designed for continued food and beverage use or flexible commercial redevelopment consistent with the existing commercial zoning designation.
The property is zoned C-2 Commercial and is described as being on a busy thoroughfare with convenient access and strong curb appeal. Remarks also note ample parking and steady traffic from locals and visitors year-round, with especially high activity during peak boating and tourist seasons. The location is stated to be just minutes from a popular boat launch area, supporting demand tied to visitors coming through the area.
Overall, this is a C-2 zoned restaurant property designed for continued food and beverage use or flexible commercial redevelopment consistent with the existing commercial zoning designation.
Key Highlights
- 1987‑built commercial property operating as a Mexican restaurant
- C‑2 commercial zoning with property suited for hospitality, retail, or service‑oriented businesses
- Ample parking and convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,918
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,118,360
$1.1M
Cap Rate 7%
$798,829
$798.8K
Cap Rate 9%
$621,311
$621.3K
Market Conditions
NOI Build-Up for 4,430 SF
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.
Gross rent
$79.7K $18.00/SF
− Vacancy
−$5.2K −$1.17/SF
EGI
$74.6K $16.83/SF
− OpEx
−$18.6K −$4.21/SF
NOI
$55.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,118,360
Cap Rate 7%
$798,829
Cap Rate 9%
$621,311
Alternative Uses
Best Use
Specialty Retail
$798.8K
$699.0K – $932.0K
NOI $55,918 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.1K
$865.5K – $1.15M
NOI $69,236 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 47%
Apparel 2%
Home Improvements & Furnishings 2%
Culver's
Dining
18,053 visits/mo
0.3 miles
Circle K
Shops & Services
11,689 visits/mo
0.3 miles
The Human Bean
Dining
4,479 visits/mo
0.4 miles
76
Shops & Services
3,382 visits/mo
0.1 miles
Big O Tires
Shops & Services
2,901 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property operating as a Mexican restaurant with C-2 commercial zoning and ample parking.
Where is this conventional restaurant located?
The property is located at 1601 Industrial Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 1987‑built commercial property operating as a Mexican restaurant; C‑2 commercial zoning with property suited for hospitality, retail, or service‑oriented businesses; Ample parking and convenient access
