Medical Office Condo in
For Sale
Contact for pricing
2585 Miracle Mile, Bullhead City, AZ 86442
Built-out medical office condo in a central business district.
Property Size2,038 SF
Price / SF$187
Days on Market793
Property Features for 2585 Miracle Mile
General Information
Standard status
Active
Size
2,038 SF
Class
B
Property subtype
Office
Building Details
Year Built
2000
Listing Agency:
Kidder Mathews
Listed By:
Bret Isbell · License #AZ
(602) 513-5200
Source:
Crexi
Added: Aug 5, 2024
Changed: Oct 2
Last Checked: Oct 5 at 5:15PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This is a 2,038 square foot medical office condo located in the central business district of Bullhead City. The property is fully built out with multiple exam rooms that include sinks. It is situated along Mohave Valley Highway in the Golden Mile area. The location offers high visibility and ample parking. The surrounding trade area is densely populated, with a population exceeding 50,000 within a 5-mile radius. The well-maintained property also features mountain views.
Key Highlights
- Prime central Bullhead City location in the 'Golden Mile' business district.
- Fully built‑out medical office with multiple exam rooms and sinks.
- High visibility office location along Mohave Valley Highway.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,696
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,920
$493.9K
Cap Rate 7%
$352,800
$352.8K
Cap Rate 9%
$274,400
$274.4K
Market Conditions
NOI Build-Up for 2,038 SF
Gross rent
$44.0K $21.60/SF
− Vacancy
−$2.9K −$1.40/SF
EGI
$41.2K $20.20/SF
− OpEx
−$16.5K −$8.08/SF
NOI
$24.7K $12.12/SF
Area
Mohave County, AZ
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,920
Cap Rate 7%
$352,800
Cap Rate 9%
$274,400
Alternative Uses
Best Use
Healthcare Medical
$352.8K
$308.7K – $411.6K
NOI $24,696 @ 7.0% cap · market cap 6.48%
Second Best
Office B
$323.0K
$282.6K – $376.8K
NOI $22,607 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built-out medical office condo in a central business district.
Where is this medical office space located?
The property is located at 2585 Miracle Mile Bullhead City, AZ.
What is the asking price?
The asking price for this property is $381,106.
What are key features of this property?
This property features: Prime central Bullhead City location in the 'Golden Mile' business district.; Fully built‑out medical office with multiple exam rooms and sinks.; High visibility office location along Mohave Valley Highway.
