Flex Space Condo with
For Sale
$475,000
Pending
1675 Kiowa Ave Unit 4, Lake Havasu City, AZ 86403
Light Industrial (L-I) zoning accommodates integrated warehouse, office, and service-oriented commercial functions.
Property Size3,400 SF
Days on Market95
Property Features for 1675 Kiowa Ave Unit 4
General Information
Standard status
Pending
Size
3,400 SF
Property subtype
Commercial
Zoning
Light Industrial (L-I)
Warehouse & Industrial
Office Build-Out
520 SF
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Amenities
two restrooms
kitchen/break area
Building Details
Year Built
1981
Stories
2
Listing Agency:
Realty ONE Group Mountain Desert-LH
Listed By:
Randy Shuffler · License #/SA535036000
(928) 680-7350
Source:
Lakehavasuareahomesearch
Added: Jul 16
Changed: Oct 4
Last Checked: Oct 16 at 9:24AM
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
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Investment Insights
Based on property information with market context.
This 3,400 SF light industrial condominium combines warehouse and office components in a practical flex-space configuration. The main level contains 2,880 SF, complemented by a 520 SF second-floor office. Improvements include 3-phase power, a 14-foot roll-up door with rear access, two restrooms, a kitchen and break area, a 75-foot-deep warehouse, and additional storage at the rear.
A front loading dock is enclosed in its current configuration because of the upstairs office, with the ability to convert it back. The property is located lakeside of Highway 95 in Lake Havasu City and carries Light Industrial (L-I) zoning. Built in 1981, the unit is suited to the industrial and commercial uses identified for the property, including contractor, service, distribution, manufacturing, and warehouse operations.
A front loading dock is enclosed in its current configuration because of the upstairs office, with the ability to convert it back. The property is located lakeside of Highway 95 in Lake Havasu City and carries Light Industrial (L-I) zoning. Built in 1981, the unit is suited to the industrial and commercial uses identified for the property, including contractor, service, distribution, manufacturing, and warehouse operations.
Key Highlights
- 3,400 SF light industrial condo with 2,880 SF main level and 520 SF upstairs office
- 3‑phase power and a 14' roll‑up door with rear access
- 75‑foot‑deep warehouse plus additional rear storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,714
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,280
$754.3K
Cap Rate 7%
$538,771
$538.8K
Cap Rate 9%
$419,044
$419.0K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$59.2K $17.40/SF
− Vacancy
−$8.9K −$2.61/SF
EGI
$50.3K $14.79/SF
− OpEx
−$12.6K −$3.70/SF
NOI
$37.7K $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 Rate 5%
$754,280
Cap Rate 7%
$538,771
Cap Rate 9%
$419,044
Alternative Uses
Best Use
Office B
$538.8K
$471.4K – $628.6K
NOI $37,714 @ 7.0% cap · market cap 7.94%
Second Best
Warehouse
$471.4K
$412.5K – $550.0K
NOI $32,997 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$759.1K
$664.2K – $885.6K
NOI $53,138 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial (L-I) zoning accommodates integrated warehouse, office, and service-oriented commercial functions.
Where is this flex space located?
The property is located at 1675 Kiowa Ave Unit 4 Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,400 SF light industrial condo with 2,880 SF main level and 520 SF upstairs office; 3‑phase power and a 14' roll‑up door with rear access; 75‑foot‑deep warehouse plus additional rear storage space
