Established RV Store and
For Sale
Contact for pricing
Pending
1535 Ramar Rd, Bullhead City, AZ 86442
Long-established RV store and repair business with great potential.
Property Size3,168 SF
Days on Market1008
Property Features for 1535 Ramar Rd
General Information
Standard status
Pending
Size
3,168 SF
Class
C
Property subtype
Industrial
Zoning
C-2
Building Details
Year Built
1972
Year Renovated
1990
Buildings
1
Stories
1
Units
1
Listing Agency:
Sperry Commercial Global Affiliates Henderson
(702) 497-7071
Listed By:
David Patterson · License #SE 014127000
Source:
Crexi
Added: Nov 17, 2023
Changed: Aug 8
Last Checked: Aug 20 at 9:44PM
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 Sperry Commercial Global Affiliates Henderson
Investment Insights
Based on property information with market context.
This long-established RV store and repair business presents a significant opportunity. Despite being closed for most of the previous year, the property continues to attract inquiries and potential clients. The business has cultivated a strong reputation over 30 years of operation. The sale includes a retail component with a substantial inventory of RV parts. The building is fully equipped to manage various types of repair work. The property size is 3168 square feet. The location offers potential for various alternative uses.
Key Highlights
- Established RV store and repair business with a 30‑year impeccable reputation.
- Fully equipped building for all types of RV repair.
- Includes a massive inventory of RV parts for retail sales.
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
$30,769
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
5.86%
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%
$615,380
$615.4K
Cap Rate 7%
$439,557
$439.6K
Cap Rate 9%
$341,878
$341.9K
Market Conditions
NOI Build-Up for 3,168 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
$47.5K $15.00/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$44.0K $13.88/SF
− OpEx
−$13.2K −$4.16/SF
NOI
$30.8K $9.71/SF
Area
Mohave County, AZ
Vacancy
7.50%
Lease Rate
$15.00 /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%
$615,380
Cap Rate 7%
$439,557
Cap Rate 9%
$341,878
Alternative Uses
Best Use
Retail
$439.6K
$384.6K – $512.8K
NOI $30,769 @ 7.0% cap · market cap 5.86%
Second Best
Industrial
$361.7K
$316.5K – $422.0K
NOI $25,320 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$707.3K
$618.9K – $825.2K
NOI $49,512 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 39%
Home Improvements & Furnishings 13%
Electronics 2%
Maverik Adventures First Stop
Shops & Services
13,211 visits/mo
0.3 miles
Buffalo Wild Wings
Dining
12,884 visits/mo
0.2 miles
Del Taco
Dining
11,616 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
9,779 visits/mo
0.2 miles
Chase Bank
Shops & Services
9,542 visits/mo
0.2 miles
Demographics for 86442, AZ
34,171
Population
19,581
Households
1.7
Avg Household Size
53
Median Age
14%
College-Educated
85%
High-School Grad
28.2 sq mi
ZIP Area
1,212
Density / Sq Mi
$45,486
Median Household Income
$28,702
Median Earnings
$1,000
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 2198 AZ-95, Bullhead City, AZ 86442
Frequently Asked Questions
What type of property is this?
Automotive property - Long-established RV store and repair business with great potential.
Where is this automotive property located?
The property is located at 1535 Ramar Rd Bullhead City, AZ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Established RV store and repair business with a 30‑year impeccable reputation.; Fully equipped building for all types of RV repair.; Includes a massive inventory of RV parts for retail sales.
