Two-Story Mixed-Use
For Sale
$1,350,000
2152 Mcculloch Blvd, Lake Havasu City, AZ 86403
Professional office and retail suites occupy a central McCulloch Boulevard commercial location.
Property Size6,794 SF
Price / SF$198.70
Days on Market186
Property Features for 2152 Mcculloch Blvd
General Information
Standard status
Active
Size
6,794 SF
Property subtype
General Commercial
Additional Details
Office Units
8
Taxes and HOA fees
Annual Taxes
$4,615
Amenities
Central Air
3
Carpet Wall to Wall, Ceramic Tile, Laminate
Tile, Rolled
Parking.
On Street.
54x247x61x247
Paved Road.
Building Details
Year Built
1979
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(928) 846-1959
Listed By:
Sandra Faubion · License #SFAUB13
(928) 846-1959
Source:
Xome
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 8:31PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains approximately 6,794 square feet arranged across 8 office and retail units. The suites are generally about 1,000 square feet each, with individual layouts suited to a range of professional and commercial operations. Existing occupants include medical professionals, retailers, massage therapists, and professional offices. Central air serves the building, while interior finishes include wall-to-wall carpet, ceramic tile, and laminate.
Constructed in 1979, the property is located at 2152 McCulloch Blvd in Lake Havasu City. McCulloch Boulevard is identified as the city’s main commercial corridor, providing visibility and convenient access for customers and tenants. The building is also known locally as The Toombs Building.
Constructed in 1979, the property is located at 2152 McCulloch Blvd in Lake Havasu City. McCulloch Boulevard is identified as the city’s main commercial corridor, providing visibility and convenient access for customers and tenants. The building is also known locally as The Toombs Building.
Key Highlights
- 8‑unit, two‑story office and retail building
- Approximately 6,794 square feet with units generally about 1,000 square feet each
- Located on McCulloch Blvd in Lake Havasu City
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
$75,362
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
5.58%
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%
$1,507,240
$1.5M
Cap Rate 7%
$1,076,600
$1.1M
Cap Rate 9%
$837,356
$837.4K
Market Conditions
NOI Build-Up for 6,794 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
$118.2K $17.40/SF
− Vacancy
−$17.7K −$2.61/SF
EGI
$100.5K $14.79/SF
− OpEx
−$25.1K −$3.70/SF
NOI
$75.4K $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%
$1,507,240
Cap Rate 7%
$1,076,600
Cap Rate 9%
$837,356
Alternative Uses
Best Use
Office B
$1.08M
$942.0K – $1.26M
NOI $75,362 @ 7.0% cap · market cap 5.58%
Second Best
Retail
$942.7K
$824.8K – $1.10M
NOI $65,987 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,182 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,554
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 - Professional office and retail suites occupy a central McCulloch Boulevard commercial location.
Where is this mixed-use property located?
The property is located at 2152 Mcculloch Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8‑unit, two‑story office and retail building; Approximately 6,794 square feet with units generally about 1,000 square feet each; Located on McCulloch Blvd in Lake Havasu City
