Flex Space with Double Door
For Sale
$235,000
Pending
911 N Lake Havasu Ave, Lake Havasu City, AZ 86403
COMMERCIAL - Lake Havasu City, AZ
Property Size1,176 SF
Lot Size0.44 Acres
Days on Market783
Property Features for 911 N Lake Havasu Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-I Industrial
Subdivision
Lake Havasu City
Directions
Located in the Havasu Commerce Center on north Lake Havasu behind City Maytag across from the old McCulloch plant.
Standard status
Pending
APN
106-42-044
Size
1,176 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
HAVASU COMMERCE CENTER CONDOMINIUMS UNIT 604
Tax Annual Amount
1346
HOA Fee
$174 Monthly
Legal Description
HAVASU COMMERCE CENTER CONDOMINIUMS UNIT 604
Utilities
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Floors in Building
1
Number of units
4
Flooring type
Carpet - Full, Tile - Ceramic
Roof type
Rolled Hot Mop
Listing Agency:
Coldwell Banker Realty
(928) 855-2191
Listed By:
Armando A. Contla · License #BR039086000
(928) 486-2234
Added: Jul 2, 2024
Changed: Aug 4
Last Checked: Aug 23 at 10:06AM
MLS# 1031321
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.
Flex space in the Havasu Commerce Center offering room for a light industrial-type business. The layout includes four office rooms, fresh paint, ceramic tile and full carpet flooring, and wide double doors with a rear entrance for practical loading and tenant access. Interior comfort is supported by central air.
Built in 1992, the property totals 1,176 square feet on a 0.44-acre lot. Public water services the site. The roof is a rolled hot mop system.
This is a straightforward option for an owner-occupant or a small business looking for a compact footprint with both office space and flexible access for day-to-day operations.
Built in 1992, the property totals 1,176 square feet on a 0.44-acre lot. Public water services the site. The roof is a rolled hot mop system.
This is a straightforward option for an owner-occupant or a small business looking for a compact footprint with both office space and flexible access for day-to-day operations.
Key Highlights
- 1,176 SF flex space for a light industrial‑type business
- 0.44‑acre lot in the Havasu Commerce Center
- Wide double doors plus a rear entrance
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
$9,399
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
4.00%
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%
$187,980
$188.0K
Cap Rate 7%
$134,271
$134.3K
Cap Rate 9%
$104,433
$104.4K
Market Conditions
NOI Build-Up for 1,176 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
$15.2K $12.96/SF
− Vacancy
−$1.8K −$1.54/SF
EGI
$13.4K $11.42/SF
− OpEx
−$4.0K −$3.43/SF
NOI
$9.4K $7.99/SF
Area
Mohave County, AZ
Vacancy
11.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
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%
$187,980
Cap Rate 7%
$134,271
Cap Rate 9%
$104,433
Alternative Uses
Best Use
Industrial
$134.3K
$117.5K – $156.7K
NOI $9,399 @ 7.0% cap · market cap 4.00%
Second Best
Flex RnD
$124.7K
$109.1K – $145.5K
NOI $8,728 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$262.6K
$229.7K – $306.3K
NOI $18,379 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
927
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with wide double doors, rear entrance, and central air, plus four office rooms and fresh paint.
Where is this flex space located?
The property is located at 911 N Lake Havasu Ave Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,176 SF flex space for a light industrial‑type business; 0.44‑acre lot in the Havasu Commerce Center; Wide double doors plus a rear entrance
