Connected Light-Industrial Warehouse
New
For Sale
$1,000,000
1675 Kiowa Ave #9-10, Lake Havasu City, AZ 86403
Air-conditioned industrial space includes offices, storage, loading access, and a gated rear yard area.
Property Size5,670 SF
Price / SF$176.37
Days on Market4
Property Features for 1675 Kiowa Ave #9-10
General Information
Standard status
Active
Size
5,670 SF
Property subtype
Commercial
Zoning
Light Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
4,788 SF
Office Build-Out
882 SF
Drive-In Doors
2
Conditioned Warehouse
Yes
Amenities
restroom with shower
kitchenette
Building Details
Year Built
1984
Buildings
1
Stories
2
Listing Agency:
Realty ONE Group Mountain Desert-LH
(928) 680-7350
Listed By:
Randy Shuffler · License #rshuffler
Source:
Havasuazliving
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 31 at 1:05PM
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 Realty ONE Group Mountain Desert-LH
Investment Insights
Based on property information with market context.
This warehouse property comprises two connected light-industrial units totaling approximately 5,670 square feet. The layout includes approximately 4,788 square feet on the ground floor and an 882-square-foot second-story office area. The warehouse is currently separated into two areas, each with its own roll-up door, while the dividing wall may be removed to create a larger climate-controlled work area. Interior improvements include front storage, a restroom with shower, a wash area, an upstairs kitchenette, additional storage, and two large offices. Air conditioning serves the entire warehouse.
Recent capital improvements include a new roof and solar system. The solar system is scheduled to be paid off at closing. Approximately 30 feet of rear storage or yard area is gated and can accommodate parking or outdoor storage. The property is zoned Light Industrial and was built in 1984. A tenant currently occupies approximately 4,116 square feet and may be willing to remain, while the property may also be delivered for an owner-user.
Recent capital improvements include a new roof and solar system. The solar system is scheduled to be paid off at closing. Approximately 30 feet of rear storage or yard area is gated and can accommodate parking or outdoor storage. The property is zoned Light Industrial and was built in 1984. A tenant currently occupies approximately 4,116 square feet and may be willing to remain, while the property may also be delivered for an owner-user.
Key Highlights
- Approximately 5,670 sq. ft. across two connected light‑industrial units
- Approximately 4,788 sq. ft. ground floor plus an 882 sq. ft. second‑story office area
- Two roll‑up doors: 14' x 14' and 12' wide x 14' tall
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
$62,894
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
6.29%
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%
$1,257,880
$1.3M
Cap Rate 7%
$898,486
$898.5K
Cap Rate 9%
$698,822
$698.8K
Market Conditions
NOI Build-Up for 5,670 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
$98.7K $17.40/SF
− Vacancy
−$14.8K −$2.61/SF
EGI
$83.9K $14.79/SF
− OpEx
−$21.0K −$3.70/SF
NOI
$62.9K $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 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%
$1,257,880
Cap Rate 7%
$898,486
Cap Rate 9%
$698,822
Alternative Uses
Best Use
Office B
$898.5K
$786.2K – $1.05M
NOI $62,894 @ 7.0% cap · market cap 6.29%
Second Best
Warehouse
$786.1K
$687.9K – $917.1K
NOI $55,028 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,615 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Air-conditioned industrial space includes offices, storage, loading access, and a gated rear yard area.
Where is this warehouse located?
The property is located at 1675 Kiowa Ave #9-10 Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 5,670 sq. ft. across two connected light‑industrial units; Approximately 4,788 sq. ft. ground floor plus an 882 sq. ft. second‑story office area; Two roll‑up doors: 14' x 14' and 12' wide x 14' tall
