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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    135 Park Ave Lake Havasu City, AZ 86403-9302

    • Office buildings
    • 13,412 SF
    • 0.98 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2023
    Value Estimations
    $2,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0592117
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Vicki Runyon Group / Real Estate Agency
    • Trend Real Estate Group / Real Estate Agency
    • Az Living Rental and Property Mgmt. / Property Management Company
    • Keller Williams Arizona Living Realty Lake Havasu City / Real Estate Agency
    • Lynette Fisher's Team One / Real Estate Agency

    Property Details for 135 Park Ave

    Year built
    2020
    Construction
    STEEL FRAME
    Lot size
    0.98 lot acres
    Property size
    13,412 SF
    Property type
    Office buildings
    APN
    107-78-003
    APU
    10778003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,650,000
      Market price range: $187k - $2.65M
      AI Estimate
      $2,650,000
      Market price range: $187k - $2.65M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,790,000
      Current use
      AUTO REPAIR, GARAGE
      $2,960,000
      Change: +65% Conversion: Difficult
      RESTAURANT
      $2,945,000
      Change: +65% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,215,000
      Change: +24% Conversion: Easy
      MEDICAL BUILDING
      $1,925,000
      Change: +7% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.336
    Latitude
    34.4637
    CBSA code
    29420
    CBSA name
    LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $3,940
    $0.00
    $0.00
    $874,093
    -
    $674,288
    $4,181,783
    $4,856,071

    Comparable in this City

    • Value Estimation by Request
      480 SF

      751 Lk Havasu N Ave

      OFFICE BUILDING • 480 SF
      751 Lk Havasu N Ave, Lake Havasu City, AZ 86403-2951
      View Details
    • Value Estimation
      $1,895,000
      9,600 SF

      1795 Civic Ctr Blvd

      OFFICE BUILDING • 9,600 SF
      1795 Civic Ctr Blvd, Lake Havasu City, AZ 86403-5673
      View Details
    • Value Estimation
      $580,000
      7,952 SF

      2060 Acoma W Blvd

      OFFICE BUILDING (MULTI-STORY) • 7,952 SF
      2060 Acoma W Blvd, Lake Havasu City, AZ 86403-2974
      View Details
    • Value Estimation by Request
      1,772 SF

      52 Smoketree S Ave

      OFFICE BUILDING • 1,772 SF
      52 Smoketree S Ave, Lake Havasu City, AZ 86403-6797
      View Details
    • Value Estimation
      $840,000
      4,239 SF

      2163 Birch Sq

      OFFICE BUILDING • 4,239 SF
      2163 Birch Sq, Lake Havasu City, AZ 86403-6729
      View Details
    • Value Estimation
      $2,220,000
      31,332 SF

      2021 College Dr

      OFFICE BUILDING • 31,332 SF
      2021 College Dr, Lake Havasu City, AZ 86403-1953
      View Details

    Similar Nearby for Sale

    • New
      $539,900
      2,438 SF

      Downtown Office Building with View

      Remodeled office building with lake view on busy corner.
      86 S Smoketree Ave S, Lake Havasu City, AZ 86403
      View Details
    • $1,350,000
      Pending

      Lake Havasu City Office Building

      8,012 SF office building on 1.06 acres for sale.
      2225 W Acoma Blvd W, Lake Havasu City, AZ 86403
      View Details
    • New
      $674,000
      Pending

      Spacious Office Building in Arizona

      Large office building with rentable space and ample parking.
      2001 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details
    • $674,000
      0.48 Acres

      Spacious Office Building in Lake Havasu

      Large office building with rentable space and ample parking.
      2001 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details
    • $1,623,000
      6,848 SF

      Lake Havasu City Office Building

      Multi-office professional space with highway visibility and lake views.
      430 El Camino Way, Lake Havasu City, AZ 86403
      View Details
    • $1,999,900

      High-Visibility Commercial Corner Property

      Premier corner location ideal for diverse business operations.
      951 Lake Havasu Ave N, Lake Havasu City, AZ 86403
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      14,145 SF

      Corner Office Space in Times Square

      2,000 SF office space in high-traffic Lake Havasu location.
      1600 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $4,750 /Mo
      2,480 SF

      Lake Havasu City Office Suite

      Turnkey medical/professional office with flexible space options.
      285 Lake Havasu Ave S, Lake Havasu City, AZ 86403
      View Details
    • $2,670 /Mo
      15,910 SF

      Lake Havasu City Medical Space

      Class A medical space in Lake Havasu City for lease.
      297 Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details
    • $2,500 /Mo
      14,145 SF

      Times Square Office Space Available

      Prime corner office space in Lake Havasu City.
      1600 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $5,000 /Mo
      4,000 SF

      Times Square Corner Office Space

      Premier 4,000 SF office space in Lake Havasu City.
      1600 Mcculloch Blvd N unit 1A/2A, Lake Havasu City, AZ 86403
      View Details
    • $700 /Mo
      4,257 SF

      Downtown Office Space Available

      Updated 636 SF office space in Lake Havasu City.
      2178 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    Request Owner's contact information
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    135 Park Ave
    Lake Havasu City, AZ 86403-9302
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    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
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