Mixed-Use Property with Restaurant
For Sale
$2,199,000
Pending
4501 N London Bridge Rd, Lake Havasu City, AZ 86404
Commercial Sale, Lake Havasu City, AZ
Property Size9,263 SF
Lot Size3.10 Acres
Days on Market145
Property Features for 4501 N London Bridge Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-C-2 General Commercial
Subdivision
Lake Havasu City
Directions
HWY 95 to Price Dr. Turn Right on London Bridge Road 4501 London Bridge Rd. will be on the Left
Standard status
Pending
APN
120-04-039
Size
9,263 SF
Lot size
3.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THAT PORTION OF SEC 17 T14N R20W DESCRIBED AS FOLL: BEG AT A PT 7 1.29' SOUTH 89 DEG 59'27''W OF THE EAST 1/4 COR OF SEC
Tax Annual Amount
14800
Legal Description
THAT PORTION OF SEC 17 T14N R20W DESCRIBED AS FOLL: BEG AT A PT 7 1.29' SOUTH 89 DEG 59'27''W OF THE EAST 1/4 COR OF SEC
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Propane (Heating)
Cooling system
Central Air, Multi Units, Electric
Water source
Public
Amenities
warm rustic interior
ample seating
full bar area
professionally equipped kitchen
outdoor dining or event space
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Flooring type
Concrete, Tile - Ceramic
Building materials
Steel Frame, Wood Frame, Block, Vertical Siding, Stucco
Roof type
Rolled Hot Mop
Listing Agency:
eXp Realty
(928) 453-3202
Listed By:
The Gedalje Group · License #2013009293
(404) 689-4408
Added: Apr 24
Changed: Sep 13
Last Checked: Sep 15 at 2:06AM
MLS# 1040588
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 mixed-use property combines a hospitality-oriented commercial building with a residential duplex on a 3.1-acre parcel. The 9,263-square-foot property includes a rustic interior, seating areas, full bar, and professionally equipped kitchen. The commercial portion is configured for restaurant, bar, brewery, or other hospitality uses, with space that can accommodate outdoor dining or events. Construction includes steel frame, wood frame, block, vertical siding, and stucco elements, with ceramic tile and concrete flooring.
The duplex has an established Airbnb rental history and can support short-term rentals, conventional tenancy, employee housing, or owner occupancy. The property offers desert and lake views, public water, septic service, propane heating, and multiple cooling units including central air. It was built in 1977 and has a rolled hot mop roof.
The duplex has an established Airbnb rental history and can support short-term rentals, conventional tenancy, employee housing, or owner occupancy. The property offers desert and lake views, public water, septic service, propane heating, and multiple cooling units including central air. It was built in 1977 and has a rolled hot mop roof.
Key Highlights
- 3.1‑acre mixed‑use property with 9,263 square feet of improvements
- Commercial space includes seating, a full bar, and a professionally equipped kitchen
- Duplex has an established Airbnb rental history
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
$116,922
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
5.32%
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%
$2,338,440
$2.3M
Cap Rate 7%
$1,670,314
$1.7M
Cap Rate 9%
$1,299,133
$1.3M
Market Conditions
NOI Build-Up for 9,263 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
$166.7K $18.00/SF
− Vacancy
−$10.8K −$1.17/SF
EGI
$155.9K $16.83/SF
− OpEx
−$39.0K −$4.21/SF
NOI
$116.9K $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%
$2,338,440
Cap Rate 7%
$1,670,314
Cap Rate 9%
$1,299,133
Alternative Uses
Best Use
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,922 @ 7.0% cap · market cap 5.32%
Second Best
Mixed Use
$1.16M
$1.02M – $1.35M
NOI $81,283 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,770 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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 Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined hospitality and residential improvements include a built-out dining space, full bar, professional kitchen, and duplex accommodations.
Where is this mixed-use property located?
The property is located at 4501 N London Bridge Rd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 3.1‑acre mixed‑use property with 9,263 square feet of improvements; Commercial space includes seating, a full bar, and a professionally equipped kitchen; Duplex has an established Airbnb rental history
