Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    817-833 Hancock Rd Bullhead City, AZ 86442

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space with commercial duplexes, fully occupied, great investment opportunity.

    Type:Retail
    Property size:
    9,221 SF
    Price / SF:
    $86/SF
    Added:
    Mar 25, 2024
    Days on Market:
    767
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 817-833 Hancock Rd

    General Information

    Standard status
    Active
    Size
    9,221 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Konrad Livingston

    Listing agent Konrad Livingston License #SA549984000

    Listing office US Southwest LLC

    Listing date Mar 25, 2024

    Source Crexi

    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 US Southwest LLC

    Overview

    Retail Space with Commercial Duplexes

    This property features over 9500 sq ft of retail space, including up to 10 commercial duplexes situated side by side. The property is fully occupied and includes the parcels located at 817 Hancock Rd through 833 Hancock Road, with Parcel ID #'s 214-42- 058, 059, 060 & 062A. All units have been refurbished and brought to code. The property is zoned C-2 and presents a great opportunity for investors. The location can also hold up to 12 special events a year, such as outdoor swap meets, outdoor truck vendors, and car rally's with vendors.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bullhead City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.621367
    Latitude
    35.108321

    Nearby Similar for Sale

    • $350,000
      3,008 SF

      Commercial Building in High Traffic Area

      Established auto shop in high-traffic Bullhead City location.
      1591 Ramar Rd, Bullhead City, AZ, USA, AZ 86442
      View Details
    • $389,900
      1,840 SF

      Charming Duplex in Bullhead City

      Well-maintained duplex with income potential in a sought-after neighborhood.
      362 Riverfront Dr, Bullhead City, AZ 86442
      View Details
    • $80,000

      RV Lot in Active Community

      Large RV lot with full hookups and community amenities.
      2331 Cortez Lane, Bullhead City, AZ 86442
      View Details
    • $525,000

      Well-Maintained Fourplex Near Colorado River

      Fourplex in Bullhead City near the Colorado River.
      2146 Riviera Boulevard, Bullhead City, AZ 86442
      View Details
    • $829,000

      Bullhead City Multifamily Investment Property

      Multifamily property with river views near Laughlin and Lake Mohave.
      2394 N MOHAVE RIDGE Avenue, Bullhead City, AZ 86429
      View Details
    • $89,900

      Riverview Resort Lot with RV

      Lot in 55+ community with RV, near Colorado River.
      2000 Ramar Rd unit: 011, Bullhead City, AZ 86442
      View Details
    • $369,000

      Charming Duplex in Bullhead City

      Well-maintained duplex with income potential in a prime location.
      362 Riverfront Drive, Bullhead City, AZ 86442
      View Details
    • $75,000

      Premium RV Lot in Bullhead

      RV lot in 55+ resort community with many amenities.
      2330 Cortez Lane, Bullhead City, AZ 86442
      View Details
    • $1,200,000

      Fourplex in Bullhead City, Arizona

      Four units with garages near the Colorado River.
      1666 Palma Road, Bullhead City, AZ 86442
      View Details
    • $80,000

      Vista Del Sol RV Lot

      RV lot in 55+ gated community with resort amenities.
      2342 Cortez Lane, Bullhead City, AZ 86442
      View Details
    • $549,000

      Retail Space with Drive-Through

      Freestanding retail space with drive-through, highway access, high traffic.
      2179 Az-95, Bullhead City, AZ 86442
      View Details
    • $79,000

      Oversized Corner RV Lot

      Rare, private RV lot with upgrades in gated resort.
      2000 Ramar Road unit: 666, Bullhead City, AZ 86442
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with commercial duplexes, fully occupied, great investment opportunity.
    Where is this retail space 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: Over 9500 sq ft of fully occupied retail space.; Includes multiple commercial duplexes (up to 10) side by side.; All units have been refurbished and brought to code.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Konrad Livingston
    Real Estate License ID: SA549984000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!