Flex Space with
For Sale
$294,500
911 N Lake Havasu Ave N, Lake Havasu City, AZ 86403
Commercial Sale, Lake Havasu City, AZ
Property Size1,212 SF
Lot Size0.09 Acres
Price / SF$242.99
Days on Market49
Property Features for 911 N Lake Havasu Ave N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
LI Light Industrial
Security features
Security Lighting
Subdivision
Lake Havasu City
Directions
N. Lake Havasu Ave. to N. Kiowa Ave. Across from the old McCulloch plant.
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
106-42-004
Size
1,212 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HAVASU COMMERCE CENTER CONDOMINIUMS UNIT 104
Tax Annual Amount
1505
HOA Fee
$195 Monthly
Legal Description
HAVASU COMMERCE CENTER CONDOMINIUMS UNIT 104
Utilities
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air, Evaporative Cooling, Electric
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Number of units
1
Flooring type
Concrete, Vinyl
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
Paradise Sales & Management
(928) 846-4330
Listed By:
Ed Jacobs
(928) 716-1199
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 7 at 5:06PM
MLS# 1041749
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 1,212-square-foot commercial condo combines an air-conditioned showroom with a 36-foot-deep work bay. The front area has large display windows, while the bay includes a 13-foot roll-up door and a rear man door. Three entrances, a private restroom, concrete and vinyl flooring, central air, and an evaporative cooling system support varied business operations. The building was constructed in 2001 with a steel frame and metal roof.
The property occupies 0.09 acres at 911 N Lake Havasu Ave N in Lake Havasu City, near Highway 95. Storefront exposure faces Lake Havasu Avenue, with additional identification through the complex marquee sign. Common-area parking is available throughout the complex, and the property has public water service. M-1P light-manufacturing zoning accommodates the commercial and industrial functions described for the space.
The property occupies 0.09 acres at 911 N Lake Havasu Ave N in Lake Havasu City, near Highway 95. Storefront exposure faces Lake Havasu Avenue, with additional identification through the complex marquee sign. Common-area parking is available throughout the complex, and the property has public water service. M-1P light-manufacturing zoning accommodates the commercial and industrial functions described for the space.
Key Highlights
- 1,212 square feet in a commercial condo
- 36‑foot‑deep bay with a 13‑foot roll‑up door
- Air‑conditioned showroom with large display windows
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
$9,687
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
3.29%
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%
$193,740
$193.7K
Cap Rate 7%
$138,386
$138.4K
Cap Rate 9%
$107,633
$107.6K
Market Conditions
NOI Build-Up for 1,212 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
$15.7K $12.96/SF
− Vacancy
−$1.9K −$1.54/SF
EGI
$13.8K $11.42/SF
− OpEx
−$4.2K −$3.43/SF
NOI
$9.7K $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%
$193,740
Cap Rate 7%
$138,386
Cap Rate 9%
$107,633
Alternative Uses
Best Use
Industrial
$138.4K
$121.1K – $161.5K
NOI $9,687 @ 7.0% cap · market cap 3.29%
Second Best
Flex RnD
$128.5K
$112.4K – $149.9K
NOI $8,995 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$270.6K
$236.8K – $315.7K
NOI $18,942 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - M-1P light-manufacturing zoning supports a range of commercial, service, and workshop uses.
Where is this flex space located?
The property is located at 911 N Lake Havasu Ave N Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $294,500.
What are key features of this property?
This property features: 1,212 square feet in a commercial condo; 36‑foot‑deep bay with a 13‑foot roll‑up door; Air‑conditioned showroom with large display windows
