Custom Flex Space with
New
For Sale
$2,350,000
3388 London Bridge Rd, Lake Havasu City, AZ 86404
Commercial Sale, Lake Havasu City, AZ
Property Size8,474 SF
Lot Size0.39 Acres
Price / SF$277.32
Days on Market2
Property Features for 3388 London Bridge Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
L-C-2 General Commercial
Parking features
Driveway
Security features
Security Lighting
Subdivision
Desert Hills
Directions
Hwy 95 N to Chenoweth Rd, west to London Bridge Rd, south to property at 3388 N London Bridge Rd.
Standard status
Active
APN
120-05-140
Size
8,474 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THAT PORTION OF THE W2 SW4 OF SD SEC 21 DESCR AS FOLL: BEG AT THE NE INTERSECTION OF LAKEDRIVE AND HWY 95 AS SHOWN ON TH
Tax Annual Amount
1402
Legal Description
THAT PORTION OF THE W2 SW4 OF SD SEC 21 DESCR AS FOLL: BEG AT THE NE INTERSECTION OF LAKEDRIVE AND HWY 95 AS SHOWN ON TH
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Electric, Zoned, Ductless, Multi Units
Building Details
Year built
2025
Number of units
4
Flooring type
Tile - Ceramic, Concrete
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
Realty ONE Group Mountain Desert-LH
(928) 680-7350
Listed By:
Randy Shuffler · License #/SA535036000
(928) 230-5982
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 23 at 5:06AM
MLS# 1042620
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 approximately 8,474-square-foot flex property is under construction and includes a 4,474-square-foot main building with a 1,390-square-foot mezzanine. The mezzanine can support office, lounge, entertainment, or bar functions. The building also includes two bathrooms, one with a shower, high ceilings, architectural lighting, a custom cable-railing staircase, an engine-hoist I-beam wired for a trolley, and two conventional A/C units. An approximately 80-foot-deep garage is served by an oversized 20-by-14-foot glass overhead door.
A separate 4,000 square feet is arranged as two 1,000-square-foot units and one 2,000-square-foot unit. Each bay has a 14-by-14-foot overhead door, dedicated mini-split A/C, 220V/50-amp power, car-lift wiring, and plumbing for future bathrooms. Exterior improvements include paver parking, a gated yard, custom metal fencing and signage, landscaping, exterior lighting, and an RV dump station. The property occupies 0.39 acres and uses a steel-frame structure with concrete and ceramic tile flooring, central heating, and a metal roof.
A separate 4,000 square feet is arranged as two 1,000-square-foot units and one 2,000-square-foot unit. Each bay has a 14-by-14-foot overhead door, dedicated mini-split A/C, 220V/50-amp power, car-lift wiring, and plumbing for future bathrooms. Exterior improvements include paver parking, a gated yard, custom metal fencing and signage, landscaping, exterior lighting, and an RV dump station. The property occupies 0.39 acres and uses a steel-frame structure with concrete and ceramic tile flooring, central heating, and a metal roof.
Key Highlights
- Approximately 8,474 SF total, including a 4,474 SF main building and 1,390 SF mezzanine
- Separate 4,000 SF area configured as two 1,000 SF units and one 2,000 SF unit
- Approximately 80' deep garage with oversized 20' x 14' glass overhead door
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
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Current Use
Lease Details
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
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Under-construction steel-frame property combines flexible bays, dedicated power, overhead doors, and gated outdoor improvements.
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: Approximately 8,474 SF total, including a 4,474 SF main building and 1,390 SF mezzanine; Separate 4,000 SF area configured as two 1,000 SF units and one 2,000 SF unit; Approximately 80' deep garage with oversized 20' x 14' glass overhead door
