Light Industrial Flex
For Sale
$475,000
4-1675 Kiowa Ave, Lake Havasu City, AZ 86403
Owner-user flex property with warehouse, office, power, loading access, and Light Industrial zoning.
Property Size3,400 SF
Price / SF$139.71
Days on Market38
Property Features for 4-1675 Kiowa Ave
General Information
Standard status
Active
Size
3,400 SF
Zoning
L-I
Warehouse & Industrial
Office Build-Out
520 SF
Drive-In Doors
1
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$1,491
Amenities
two restrooms
kitchen/break area
Building Details
Stories
2
Listing Agency:
Realty ONE Group Mountain Desert-LH
(928) 230-5982
Listed By:
Randy Shuffler · License #/SA535036000
(928) 230-5982
Source:
Exprealty
Added: Jul 15
Changed: Aug 18
Last Checked: Aug 20 at 10:08AM
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 3,400 SF light industrial condominium combines 2,880 SF on the main level with a 520 SF upper-floor office. The layout includes a 75-foot-deep warehouse, 3-phase power, a 14-foot roll-up door with rear access, two restrooms, a kitchen and break area, and additional storage at the rear. A front loading dock is enclosed in its current configuration because of the upstairs office, with the potential to convert it back.
The property is positioned lakeside of Highway 95 in Lake Havasu City, providing access throughout the area. Light Industrial (L-I) zoning supports the stated contractor, service, distribution, manufacturing, and warehouse applications.
The property is positioned lakeside of Highway 95 in Lake Havasu City, providing access throughout the area. Light Industrial (L-I) zoning supports the stated contractor, service, distribution, manufacturing, and warehouse applications.
Key Highlights
- 3,400 SF light industrial condominium
- 2,880 SF main level plus 520 SF upstairs office
- 75‑foot‑deep warehouse with additional rear storage
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
$37,714
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
7.94%
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%
$754,280
$754.3K
Cap Rate 7%
$538,771
$538.8K
Cap Rate 9%
$419,044
$419.0K
Market Conditions
NOI Build-Up for 3,400 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
$59.2K $17.40/SF
− Vacancy
−$8.9K −$2.61/SF
EGI
$50.3K $14.79/SF
− OpEx
−$12.6K −$3.70/SF
NOI
$37.7K $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%
$754,280
Cap Rate 7%
$538,771
Cap Rate 9%
$419,044
Alternative Uses
Best Use
Office B
$538.8K
$471.4K – $628.6K
NOI $37,714 @ 7.0% cap · market cap 7.94%
Second Best
Warehouse
$471.4K
$412.5K – $550.0K
NOI $32,997 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$759.1K
$664.2K – $885.6K
NOI $53,138 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Owner-user flex property with warehouse, office, power, loading access, and Light Industrial zoning.
Where is this flex space located?
The property is located at 4-1675 Kiowa Ave Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,400 SF light industrial condominium; 2,880 SF main level plus 520 SF upstairs office; 75‑foot‑deep warehouse with additional rear storage
