Two-Unit Mixed-Use
New
For Sale
$1,900,000
3612 Jamaica Blvd S A & B, Lake Havasu City, AZ 86406
One space houses The Spot Pizza and Arcade, while the second is leased to a mixed martial arts studio.
Property Size6,282 SF
Price / SF$302.45
Days on Market1
Property Features for 3612 Jamaica Blvd S A & B
General Information
Standard status
Active
Size
6,282 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1988
Listing Agency:
Havasu Realty
Listed By:
Linda Hardy · License #SA527212000
(928) 486-2039
Source:
Havasurealty
Added: Sep 24
Last Checked: Sep 24 at 2:44PM
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 Havasu Realty
Investment Insights
Based on property information with market context.
Built in 1988, this two-unit commercial property combines dining and arcade space with a separate leased suite. Unit A measures approximately 3,135 square feet and is occupied by The Spot Pizza and Arcade. Unit B is leased to a mixed martial arts studio.
The property is located at 3612 Jamaica Blvd S in Lake Havasu City, Arizona. The available information describes an opportunity to acquire the real estate along with the operating business in Unit A.
The property is located at 3612 Jamaica Blvd S in Lake Havasu City, Arizona. The available information describes an opportunity to acquire the real estate along with the operating business in Unit A.
Key Highlights
- Unit A contains approximately 3,135 square feet
- The Spot Pizza and Arcade operates in Unit A
- Unit B is leased to a mixed martial arts studio
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
$79,295
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
4.17%
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%
$1,585,900
$1.6M
Cap Rate 7%
$1,132,786
$1.1M
Cap Rate 9%
$881,056
$881.1K
Market Conditions
NOI Build-Up for 6,282 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
$113.1K $18.00/SF
− Vacancy
−$7.3K −$1.17/SF
EGI
$105.7K $16.83/SF
− OpEx
−$26.4K −$4.21/SF
NOI
$79.3K $12.62/SF
Area
Mohave County, AZ
Vacancy
6.50%
Lease Rate
$18.00 /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%
$1,585,900
Cap Rate 7%
$1,132,786
Cap Rate 9%
$881,056
Alternative Uses
Best Use
Specialty Retail
$1.13M
$991.2K – $1.32M
NOI $79,295 @ 7.0% cap · market cap 4.17%
Second Best
Mixed Use
$787.5K
$689.1K – $918.8K
NOI $55,125 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,180 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,476 visits/mo
0.1 miles
Demographics for 86406, AZ
24,935
Population
14,846
Households
1.7
Avg Household Size
57
Median Age
19%
College-Educated
94%
High-School Grad
244.5 sq mi
ZIP Area
102
Density / Sq Mi
$74,171
Median Household Income
$45,457
Median Earnings
$1,311
Median Rent
$434,700
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - One space houses The Spot Pizza and Arcade, while the second is leased to a mixed martial arts studio.
Where is this mixed-use property located?
The property is located at 3612 Jamaica Blvd S A & B Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Unit A contains approximately 3,135 square feet; The Spot Pizza and Arcade operates in Unit A; Unit B is leased to a mixed martial arts studio
