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    817-833 Hancock Rd Bullhead City, AZ 86442

    For Sale
    $799,000

    High-yield, fully occupied shopping center

    Property size:
    9,221 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 9,221 square foot shopping center in Bullhead City, Arizona, boasting a prime location at 817-833 Hancock Rd, 86442. The property, encompassing 26,250 square feet of land, features five units within a single, one-story building constructed in 1984. Currently operating at 100% occupancy with a modified lease structure, this multi-tenant retail center offers a strong 5.00% cap rate and a compelling price per square foot of $86.65. The asking price is $799,000, representing a fee simple ownership. All five units have undergone recent refurbishment and meet current building codes. The C-2 zoning allows for a variety of uses, including the potential to host up to twelve special events annually, such as swap meets, vendor markets, or car rallies. Parcel ID numbers 214-42-058, 059, 060, and 062A are included in the sale. This property is ideally suited for investors seeking a high-performing, centrally located asset with significant upside potential. The property's high occupancy rate and flexible zoning make it an attractive investment in a high-density area.

    Property Features for 817-833 Hancock Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,221 SF

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • 9,221 SF shopping center in Bullhead City, AZ, on 26,250 SF lot at 817‑833 Hancock Rd.
    • Five‑unit, single‑story building (1984 construction), 100% occupied with modified leases.
    • 5.00% cap rate, $86.65/SF, $799,000 asking price (fee simple).
    • Recently refurbished units, meeting current building codes; C‑2 zoning allows for various uses, including up to twelve special events annually.
    • Includes parcel IDs 214‑42‑058, 059, 060, and 062A.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bullhead City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.62134548538
    Latitude
    35.107990293353

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, fully occupied shopping center
    Where is this lifestyle center located?
    The property is located at 817-833 Hancock Rd Bullhead City, AZ.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 9,221 SF shopping center in Bullhead City, AZ, on 26,250 SF lot at 817-833 Hancock Rd.; Five-unit, single-story building (1984 construction), 100% occupied with modified leases.; 5.00% cap rate, $86.65/SF, $799,000 asking price (fee simple).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    817-833 Hancock Rd Bullhead City, AZ 86442
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