Refreshed Laundromat Retail
For Sale
$745,000
2610 N Kiowa Blvd N, Lake Havasu City, AZ 86403
Equipped facility includes commercial laundry equipment and a delivery van for fluff-and-fold service.
Property Size2,214 SF
Price / SF$336.50
Days on Market34
Property Features for 2610 N Kiowa Blvd N
General Information
Standard status
Active
Size
2,214 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1997
Listing Agency:
Keller Williams Arizona Living Realty
(928) 486-0227
Listed By:
Daniel Baker · License #SA703456000
Source:
Havasurealty
Added: Jul 27
Changed: Aug 29
Last Checked: Aug 29 at 11:32AM
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 Arizona Living Realty
Investment Insights
Based on property information with market context.
This retail space operates as a laundromat with 32 high-efficiency washers and 16 commercial dryers. The facility has been refreshed with a modern appearance and new signage. The sale also includes a 2024 Ram 1500 ProMaster van used for the existing fluff-and-fold service.
The property is located directly on N Kiowa Blvd N in Lake Havasu City, Arizona. Originally built in 1997, the building combines an updated customer-facing presentation with established laundry-service infrastructure.
The property is located directly on N Kiowa Blvd N in Lake Havasu City, Arizona. Originally built in 1997, the building combines an updated customer-facing presentation with established laundry-service infrastructure.
Key Highlights
- 32 high‑efficiency washers and 16 commercial dryers
- 2024 Ram 1500 ProMaster van included
- Existing fluff‑and‑fold service supported by the included van
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
$21,503
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
2.89%
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%
$430,060
$430.1K
Cap Rate 7%
$307,186
$307.2K
Cap Rate 9%
$238,922
$238.9K
Market Conditions
NOI Build-Up for 2,214 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
$33.2K $15.00/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$30.7K $13.88/SF
− OpEx
−$9.2K −$4.16/SF
NOI
$21.5K $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%
$430,060
Cap Rate 7%
$307,186
Cap Rate 9%
$238,922
Alternative Uses
Best Use
Retail
$307.2K
$268.8K – $358.4K
NOI $21,503 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.3K
$432.5K – $576.7K
NOI $34,602 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,898 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Equipped facility includes commercial laundry equipment and a delivery van for fluff-and-fold service.
Where is this retail space located?
The property is located at 2610 N Kiowa Blvd N Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 32 high‑efficiency washers and 16 commercial dryers; 2024 Ram 1500 ProMaster van included; Existing fluff‑and‑fold service supported by the included van
