Flex Property with Glass Overhead
New
For Sale
$2,350,000
3388 London Bridge Rd, Lake Havasu City, AZ 86404
A mix of large-bay workspace and separately configured suites supports several operating layouts.
Property Size8,474 SF
Price / SF$277.32
Days on Market4
Property Features for 3388 London Bridge Rd
General Information
Standard status
Active
Size
8,474 SF
Property subtype
Commercial
Warehouse & Industrial
Mezzanine
1,390 SF
Drive-In Doors
4
Additional Details
Fenced Yard
Yes
Building Details
Year Built
2025
Listing Agency:
Realty ONE Group Mountain Desert-LH
Listed By:
Randy Shuffler · License #/SA535036000
(928) 680-7350
Source:
Lakehavasuareahomesearch
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 2:23PM
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.
Completed in 2025, this 8,474 SF flex property combines a 4,474 SF primary building with 4,000 SF of additional bay space. The main building includes a 1,390 SF mezzanine, two bathrooms—one with a shower—and an approximately 80-foot-deep garage served by a 20' x 14' glass overhead door. Other features include high ceilings, an engine-hoist I-beam with trolley wiring, two conventional A/C units, and a custom staircase with cable railing.
The secondary area is arranged as two 1,000 SF units and one 2,000 SF unit; the larger unit can be divided into two 1,000 SF spaces. Each bay has a 14' x 14' overhead door, mini-split A/C, 220V/50-amp power, car-lift wiring, and plumbing for future bathrooms. The property also has lake and mountain views, paver parking, a gated yard, metal fencing, landscaping, exterior lighting, custom signage, and an RV dump station. Located at 3388 London Bridge Rd in Lake Havasu City, Arizona.
The secondary area is arranged as two 1,000 SF units and one 2,000 SF unit; the larger unit can be divided into two 1,000 SF spaces. Each bay has a 14' x 14' overhead door, mini-split A/C, 220V/50-amp power, car-lift wiring, and plumbing for future bathrooms. The property also has lake and mountain views, paver parking, a gated yard, metal fencing, landscaping, exterior lighting, custom signage, and an RV dump station. Located at 3388 London Bridge Rd in Lake Havasu City, Arizona.
Key Highlights
- 8,474 SF total, including a 4,474 SF main building and 4,000 SF of additional space
- Main garage is approximately 80' deep with a 20' x 14' glass overhead door
- Secondary space includes two 1,000 SF units and one 2,000 SF unit, divisible into two 1,000 SF units
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
$82,241
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
3.50%
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%
$1,644,820
$1.6M
Cap Rate 7%
$1,174,871
$1.2M
Cap Rate 9%
$913,789
$913.8K
Market Conditions
NOI Build-Up for 8,474 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
$109.8K $12.96/SF
− Vacancy
−$13.1K −$1.54/SF
EGI
$96.8K $11.42/SF
− OpEx
−$14.5K −$1.71/SF
NOI
$82.2K $9.71/SF
Area
Mohave County, AZ
Vacancy
11.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,644,820
Cap Rate 7%
$1,174,871
Cap Rate 9%
$913,789
Alternative Uses
Best Use
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,241 @ 7.0% cap · market cap 3.50%
Second Best
Industrial
$967.5K
$846.6K – $1.13M
NOI $67,728 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,438 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86404, AZ
18,312
Population
11,503
Households
1.6
Avg Household Size
59
Median Age
19%
College-Educated
93%
High-School Grad
161.8 sq mi
ZIP Area
113
Density / Sq Mi
$67,528
Median Household Income
$37,160
Median Earnings
$1,352
Median Rent
$421,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - A mix of large-bay workspace and separately configured suites supports several operating layouts.
Where is this flex space located?
The property is located at 3388 London Bridge Rd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 8,474 SF total, including a 4,474 SF main building and 4,000 SF of additional space; Main garage is approximately 80' deep with a 20' x 14' glass overhead door; Secondary space includes two 1,000 SF units and one 2,000 SF unit, divisible into two 1,000 SF units
