Flex Space with Shop
For Sale
Contact for pricing
2175 N Kiowa Blvd N #102, Lake Havasu City, AZ 86403
The layout combines office space, two bathrooms and an open shop area.
Property Size17,148 SF
Price / SF$0.22
Days on Market211
Property Features for 2175 N Kiowa Blvd N #102
General Information
Standard status
Active
Size
17,148 SF
Property subtype
Light Industrial
Amenities
office space
two bathrooms
open shop area
garage door
Building Details
Year Built
1996
Listing Agency:
eXp Realty
Listed By:
The Gedalje Group · License #SA661681000
(928) 453-3202
Source:
Havasulifeproperties
Added: Apr 3
Changed: Oct 28
Last Checked: Oct 28 at 3:20PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Unit 102 at 2175 N Kiowa Blvd N in Lake Havasu City, Arizona, combines office space with an open shop area. The property also includes two bathrooms, a garage door and a concrete parking lot.
Built in 1996, the flex space offers both office and shop components within one unit.
Built in 1996, the flex space offers both office and shop components within one unit.
Key Highlights
- Office space and an open shop area in Unit 102
- Two bathrooms
- Garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,265
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,545,300
$2.5M
Cap Rate 7%
$1,818,071
$1.8M
Cap Rate 9%
$1,414,056
$1.4M
Market Conditions
NOI Build-Up for 17,148 SF
Gross rent
$222.2K $12.96/SF
− Vacancy
−$26.4K −$1.54/SF
EGI
$195.8K $11.42/SF
− OpEx
−$68.5K −$4.00/SF
NOI
$127.3K $7.42/SF
Area
Mohave County, AZ
Vacancy
11.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,545,300
Cap Rate 7%
$1,818,071
Cap Rate 9%
$1,414,056
Alternative Uses
Best Use
Industrial
$1.96M
$1.71M – $2.28M
NOI $137,054 @ 7.0% cap · market cap 3,578.43%
Second Best
Flex RnD
$1.82M
$1.59M – $2.12M
NOI $127,265 @ 7.0% cap · market cap 3,322.85%
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,003 @ 7.0% cap · market cap 6,997.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Under-served
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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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - The layout combines office space, two bathrooms and an open shop area.
Where is this flex space located?
The property is located at 2175 N Kiowa Blvd N #102 Lake Havasu City, AZ.
What are key features of this property?
This property features: Office space and an open shop area in Unit 102; Two bathrooms; Garage door
