Mixed-Use Property with
For Sale
$795,000
1755 Lakeside Drive, Bullhead City, AZ 86442
Corner commercial building near Smith's Foods and Family Dollar, with a lobby, kitchen area, safes, and drive-through improvements.
Property Size4,040 SF
Price / SF$196.78
Days on Market186
Property Features for 1755 Lakeside Drive
General Information
Standard status
Active
Size
4,040 SF
Property subtype
Mixed Use
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$7,479
Amenities
3
Tar Gravel
207x181x218x182
Building Details
Year Built
1976
Listing Agency:
US SOUTHWEST
(928) 577-7766
Listed By:
Robert Neitzke · License #SA661272000
(928) 577-7766
Source:
Xome
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 1:44PM
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 US SOUTHWEST
Investment Insights
Based on property information with market context.
This mixed-use property includes a 4,040-square-foot building on just shy of an acre. The interior features a large front lobby, kitchen area, safes, and a large vault, with approximately 45 parking spaces on site. The building was constructed in 1976 and was previously used for bank operations with drive-through banking.
The property occupies the corner of Lakeside Drive and Hancock Road in Bullhead City, adjacent to Smith's Foods and across from Family Dollar. Its prior banking configuration and existing improvements provide a commercial layout that has been identified for potential retail, office, automotive sales, pawn or gun shop, medical office, financial office, jewelry store, and fast-food drive-through uses.
The property occupies the corner of Lakeside Drive and Hancock Road in Bullhead City, adjacent to Smith's Foods and across from Family Dollar. Its prior banking configuration and existing improvements provide a commercial layout that has been identified for potential retail, office, automotive sales, pawn or gun shop, medical office, financial office, jewelry store, and fast-food drive-through uses.
Key Highlights
- 4,040 SQ. FT. mixed‑use building
- Just shy of an acre of land
- 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
$44,814
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
5.64%
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%
$896,280
$896.3K
Cap Rate 7%
$640,200
$640.2K
Cap Rate 9%
$497,933
$497.9K
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
$70.3K $17.40/SF
− Vacancy
−$10.5K −$2.61/SF
EGI
$59.8K $14.79/SF
− OpEx
−$14.9K −$3.70/SF
NOI
$44.8K $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%
$896,280
Cap Rate 7%
$640,200
Cap Rate 9%
$497,933
Alternative Uses
Best Use
Office B
$640.2K
$560.2K – $746.9K
NOI $44,814 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$560.6K
$490.5K – $654.0K
NOI $39,239 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$902.0K
$789.3K – $1.05M
NOI $63,140 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner commercial building near Smith's Foods and Family Dollar, with a lobby, kitchen area, safes, and drive-through improvements.
Where is this mixed-use 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 $795,000.
What are key features of this property?
This property features: 4,040 SQ. FT. mixed‑use building; Just shy of an acre of land; Approximately 45 parking spaces
