Retail Space with Laundromat
For Sale
$745,000
Pending
2610 N Kiowa Blvd N, Lake Havasu City, AZ 86403
Commercial Sale, Lake Havasu City, AZ
Property Size2,214 SF
Lot Size0.26 Acres
Days on Market47
Property Features for 2610 N Kiowa Blvd N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-C-1 Limited Commercial
Subdivision
Lake Havasu City
Directions
Kiowa near Avalon
Standard status
Pending
APN
104-30-118
Size
2,214 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT: 2182 LAKE HAVASU CITY TR 2182 BLK 15 LOT 9
Tax Annual Amount
1739
Legal Description
TRACT: 2182 LAKE HAVASU CITY TR 2182 BLK 15 LOT 9
Utilities
Heating system
Ductless (Heating)
Cooling system
Zoned, Ductless
Water source
Public
Amenities
signage
Building Details
Year built
1997
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Roof type
Built-Up
Listing Agency:
Keller Williams Arizona Living Realty · Keller Williams Realty
(928) 453-6111
Listed By:
Daniel Baker · License #SA703456000
(928) 486-0227
Added: Jul 23
Changed: Sep 5
Last Checked: Sep 7 at 10:06PM
MLS# 1041786
Copyright © 2026 Lake Havasu Association of Realtors. 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 retail space is configured as an operating laundromat with 32 high-efficiency washers and 16 commercial dryers. The sale includes a 2024 Ram 1500 ProMaster van used in the fluff-and-fold service. Property features include all-new signage, vinyl flooring, ductless heating, ductless and zoned cooling, a built-up roof, and public water service. The building dates to 1997.
Located at 2610 N Kiowa Blvd N in Lake Havasu City, the property occupies 0.26 acres. Its existing laundry equipment and service vehicle establish a specific operating format within the retail space, while the refreshed signage provides an updated exterior identity.
Located at 2610 N Kiowa Blvd N in Lake Havasu City, the property occupies 0.26 acres. Its existing laundry equipment and service vehicle establish a specific operating format within the retail space, while the refreshed signage provides an updated exterior identity.
Key Highlights
- 32 high‑efficiency washers and 16 commercial dryers
- 2024 Ram 1500 ProMaster van included with the sale
- 0.26‑acre retail property at 2610 N Kiowa Blvd N
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 - Laundromat business includes commercial washers, dryers, and a 2024 Ram 1500 ProMaster van.
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 with the sale; 0.26‑acre retail property at 2610 N Kiowa Blvd N
