Commercial Building in Lake
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1691 Industrial Blvd, Lake Havasu City, AZ 86403
Commercial building with flexible zoning in Lake Havasu City.
Property Size3,456 SF
Price / SF$186.49
Days on Market197
Property Features for 1691 Industrial Blvd
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Industrial, Office, Retail
Zoning
C-2 General Commercial
Listing Agency:
Keller Williams Commercial Arizona Living Realty
(928) 486-7195
Listed By:
Jack Dunn · License #AZ SA690764000
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 10 at 5:38AM
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 Keller Williams Commercial Arizona Living Realty
Investment Insights
Based on property information with market context.
This commercial building is located in the heart of Lake Havasu City's commercial district, situated just off Hwy 95 and a short distance from Windsor Beach Park and Boat Launch. The property features a rear roll-up door and a large, gated yard accessible from the rear alley. An insulated garage door is also present. The property's flexible C2 (General Commercial) Zoning allows for a variety of potential uses.
Key Highlights
- Prime location in the heart of Lake Havasu City's commercial district.
- Flexible C2 (General Commercial) Zoning.
- Large rear gated yard with alley 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
$38,336
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
5.95%
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%
$766,720
$766.7K
Cap Rate 7%
$547,657
$547.7K
Cap Rate 9%
$425,956
$426.0K
Market Conditions
NOI Build-Up for 3,456 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
$60.1K $17.40/SF
− Vacancy
−$9.0K −$2.61/SF
EGI
$51.1K $14.79/SF
− OpEx
−$12.8K −$3.70/SF
NOI
$38.3K $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%
$766,720
Cap Rate 7%
$547,657
Cap Rate 9%
$425,956
Alternative Uses
Best Use
Office B
$547.7K
$479.2K – $638.9K
NOI $38,336 @ 7.0% cap · market cap 5.95%
Second Best
Retail
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$771.6K
$675.2K – $900.2K
NOI $54,013 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building with flexible zoning in Lake Havasu City.
Where is this mixed-use property located?
The property is located at 1691 Industrial Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $644,500.
What are key features of this property?
This property features: Prime location in the heart of Lake Havasu City's commercial district.; Flexible C2 (General Commercial) Zoning.; Large rear gated yard with alley access.
