Corner Storefront with
For Sale
$695,000
1755 Lakeside Drive, Bullhead City, AZ 86442
COMMERCIAL - Bullhead City, AZ
Property Size4,040 SF
Lot Size0.86 Acres
Price / SF$172.03
Days on Market146
Property Features for 1755 Lakeside Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2 General Commercial
Subdivision
Holiday Shores
Directions
Highway 95 turn West on Hancock. On corner of Hancock & Lakeside Dr. by Smiths.
Standard status
Active
APN
218-01-024
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7479
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
large front lobby
kitchen area
safes
Building Details
Year built
1976
Building materials
Block
Roof type
Rolled Hot Mop
Listing Agency:
US SOUTHWEST(R)
(928) 763-2288
Listed By:
Robert Neitzke · License #SA661272000
(928) 577-7766
Added: Mar 27
Changed: Aug 19
Last Checked: Aug 19 at 12:06PM
MLS# 037631
Copyright © 2026 Momentum MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4040-square-foot storefront occupies a 0.86-acre site and features block construction dating to 1976. The interior includes a large front lobby, kitchen area, office space, and safes, with approximately 45 parking spaces serving the property. The layout previously supported Bank of America drive-through banking and retains potential for a drive-through configuration.
The property sits at the corner of Lakeside Drive and Hancock Road in Bullhead City, near Smith's Foods and opposite Family Dollar. Public water and public sewer serve the site. The building has a rolled hot mop roof and offers a range of stated use possibilities, including automotive sales, a pawn or gun shop, fast food, medical office, financial office, and jewelry retail.
The property sits at the corner of Lakeside Drive and Hancock Road in Bullhead City, near Smith's Foods and opposite Family Dollar. Public water and public sewer serve the site. The building has a rolled hot mop roof and offers a range of stated use possibilities, including automotive sales, a pawn or gun shop, fast food, medical office, financial office, and jewelry retail.
Key Highlights
- 4040 square feet on a 0.86‑acre commercial site
- Corner position at Lakeside Drive and Hancock Road
- Approximately 45 parking spaces
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
$39,239
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
5.65%
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%
$784,780
$784.8K
Cap Rate 7%
$560,557
$560.6K
Cap Rate 9%
$435,989
$436.0K
Market Conditions
NOI Build-Up for 4,040 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
$60.6K $15.00/SF
− Vacancy
−$4.5K −$1.13/SF
EGI
$56.1K $13.88/SF
− OpEx
−$16.8K −$4.16/SF
NOI
$39.2K $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 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%
$784,780
Cap Rate 7%
$560,557
Cap Rate 9%
$435,989
Alternative Uses
Best Use
Retail
$560.6K
$490.5K – $654.0K
NOI $39,239 @ 7.0% cap · market cap 5.65%
Second Best
Industrial
$461.3K
$403.6K – $538.2K
NOI $32,289 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$902.0K
$789.3K – $1.05M
NOI $63,140 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86442, AZ
34,171
Population
19,581
Households
1.7
Avg Household Size
53
Median Age
14%
College-Educated
85%
High-School Grad
28.2 sq mi
ZIP Area
1,212
Density / Sq Mi
$45,486
Median Household Income
$28,702
Median Earnings
$1,000
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Block-built commercial space includes a lobby, kitchen, safes, and on-site parking at a signalized corner location.
Where is this storefront property located?
The property is located at 1755 Lakeside Drive Bullhead City, AZ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4040 square feet on a 0.86‑acre commercial site; Corner position at Lakeside Drive and Hancock Road; Approximately 45 parking spaces
