Flex Space with Air-Controlled
For Sale
$1,400,000
2648 Kiowa Blvd, Lake Havasu City, AZ 86403
New flex building with air-controlled enclosed garages, two offices, two restrooms, and parking at the front and rear.
Property Size5,000 SF
Price / SF$280
Days on Market129
Property Features for 2648 Kiowa Blvd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$465
Amenities
3
50'x250'
Building Details
Year Built
2026
Listing Agency:
Realty ONE Group Mountain Desert-LH
(928) 486-5157
Listed By:
Vivid Living
(928) 486-5157
Source:
Xome
Added: Apr 3
Changed: Aug 8
Last Checked: Aug 8 at 4:12AM
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 Realty ONE Group Mountain Desert-LH
Investment Insights
Based on property information with market context.
This newly built flex property offers an open main area with two enclosed office spaces, two bathrooms, and an upper storage area that may be configured into additional office space. The unit can be kept as one or split into two separate units, providing operational flexibility for a range of office-and-workshop needs.
The building includes air-controlled enclosed garages totaling 3,000 square feet. Parking is available in front and at the rear, and the property benefits from curb appeal and visibility along N Kiowa Blvd in Lake Havasu City, AZ.
Overall, the layout supports both day-to-day work use and dedicated office space, with the enclosed garage component designed for year-round comfort via air control.
The building includes air-controlled enclosed garages totaling 3,000 square feet. Parking is available in front and at the rear, and the property benefits from curb appeal and visibility along N Kiowa Blvd in Lake Havasu City, AZ.
Overall, the layout supports both day-to-day work use and dedicated office space, with the enclosed garage component designed for year-round comfort via air control.
Key Highlights
- Brand new commercial flex building (Year built 2026) on a 50' x 250' lot
- Can be configured as one unit or split into two separate units
- Includes 2 enclosed office spaces plus main area and 2 bathrooms
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
$55,463
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
3.96%
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%
$1,109,260
$1.1M
Cap Rate 7%
$792,329
$792.3K
Cap Rate 9%
$616,256
$616.3K
Market Conditions
NOI Build-Up for 5,000 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
$87.0K $17.40/SF
− Vacancy
−$13.1K −$2.61/SF
EGI
$74.0K $14.79/SF
− OpEx
−$18.5K −$3.70/SF
NOI
$55.5K $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%
$1,109,260
Cap Rate 7%
$792,329
Cap Rate 9%
$616,256
Alternative Uses
Best Use
Office B
$792.3K
$693.3K – $924.4K
NOI $55,463 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$570.9K
$499.5K – $666.0K
NOI $39,962 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.12M
$976.8K – $1.30M
NOI $78,144 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
103
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - New flex building with air-controlled enclosed garages, two offices, two restrooms, and parking at the front and rear.
Where is this flex space located?
The property is located at 2648 Kiowa Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Brand new commercial flex building (Year built 2026) on a 50' x 250' lot; Can be configured as one unit or split into two separate units; Includes 2 enclosed office spaces plus main area and 2 bathrooms
