Office Building with Fenced
New
For Sale
$335,000
957 Marina Blvd, Bullhead City, AZ 86442
Commercial Sale, Bullhead City, AZ
Property Size1,022 SF
Lot Size0.22 Acres
Price / SF$327.79
Days on Market1
Property Features for 957 Marina Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Y-C3 Comm Minor Industrial
Fencing
Privacy
Subdivision
Colorado Riviera
Directions
Highway 95 to Marina, west on Marina, building is on right
Standard status
Active
APN
218-02-425a
Size
1,022 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COLORADO RIVIERA NO 2 LOTS 467,468 & 469 218-02-424 & 425(218-02- 425A)
Tax Annual Amount
830
Legal Description
COLORADO RIVIERA NO 2 LOTS 467,468 & 469 218-02-424 & 425(218-02- 425A)
Utilities
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Listing Agency:
Sondgeroth Real Estate Group, LLC
(928) 716-8949
Listed By:
Trena Riger · License #BR697303000
(928) 848-6280
Added: Sep 10
Last Checked: Sep 10 at 9:06PM
MLS# 1042424
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 1,022-square-foot office building combines a refreshed interior with a usable outdoor component. The layout includes two office areas, storage, and a private restroom, while recent work added ceramic tile flooring, new cabinetry, interior and exterior paint, and updated landscaping. Central heating and central air conditioning support year-round operation.
Set on a 0.22-acre parcel at 957 Marina Blvd in Bullhead City, the property includes a privacy-fenced yard with an electric gate. The exterior area can accommodate equipment, work vehicles, trailers, materials, or outdoor storage. Public water serves the property, which was built in 1986 and is offered for sale.
Set on a 0.22-acre parcel at 957 Marina Blvd in Bullhead City, the property includes a privacy-fenced yard with an electric gate. The exterior area can accommodate equipment, work vehicles, trailers, materials, or outdoor storage. Public water serves the property, which was built in 1986 and is offered for sale.
Key Highlights
- 1,022 SF office building on a 0.22‑acre parcel
- Two office areas, storage space, and a private restroom
- Privacy‑fenced yard with electric gate opening
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
$11,337
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
3.38%
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%
$226,740
$226.7K
Cap Rate 7%
$161,957
$162.0K
Cap Rate 9%
$125,967
$126.0K
Market Conditions
NOI Build-Up for 1,022 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
$17.8K $17.40/SF
− Vacancy
−$2.7K −$2.61/SF
EGI
$15.1K $14.79/SF
− OpEx
−$3.8K −$3.70/SF
NOI
$11.3K $11.09/SF
Area
Mohave County, AZ
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$226,740
Cap Rate 7%
$161,957
Cap Rate 9%
$125,967
Alternative Uses
Best Use
Office B
$162.0K
$141.7K – $189.0K
NOI $11,337 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$228.2K
$199.7K – $266.2K
NOI $15,973 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Updated office property with flexible interior space, private restroom, and secure outdoor area for commercial operations.
Where is this office building located?
The property is located at 957 Marina Blvd Bullhead City, AZ.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,022 SF office building on a 0.22‑acre parcel; Two office areas, storage space, and a private restroom; Privacy‑fenced yard with electric gate opening
