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    1407 Mcculloch Blvd N Lake Havasu City, AZ 86403
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    Property profile & analytics

    1407 Mcculloch Blvd N Lake Havasu City, AZ 86403

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    • Individual retail properties
    • 9,440 SF
    • 0.77 lot acres
    For Lease
    $11,000/Mo
    View Listing →
    Lake Havasu City Commercial Space For Lease
    $11,000/Mo
    9,440 SF

    Lake Havasu City Commercial Space

    Commercial space in prime resort area, Lake Havasu City, AZ.

    1407 Mcculloch Blvd N, Lake Havasu City, AZ 86403
    View Listing
    Property ID
    US07-0955362
    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.
    Value Estimations
    $875,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arizona's Children Association / Social Service Agency / Charitable Organization
    • O&O Solutions / Building Supply

    Property Details for 1407 Mcculloch Blvd N

    Year built
    1989
    Construction
    FRAME
    Lot size
    0.77 lot acres
    Property size
    9,440 SF
    Property type
    Individual retail properties
    APN
    107-74-003A
    APU
    10774003A

    Description

    This exceptional 9,440-square-foot office building, situated in Lake Havasu City, Arizona, presents a compelling investment opportunity. Located at 1407 McCulloch Blvd N, this single-story, Class B building boasts a prime location in a resort area, conveniently close to restaurants, shopping, and the iconic London Bridge. Built in 1986 and extensively renovated in 2018, the property features a spacious layout with open work areas, private offices, a kitchen, and training rooms, offering versatility for various business types. The property includes 46 parking spaces and sits on a 0.72-acre lot, zoned C-1 Commercial. Recent significant upgrades include a new roof (March 2024), eight new HVAC units (March 2023), and a new double lift pump system (March 2024), ensuring efficient and cost-effective operation. Currently vacant, this owner-user investment presents a unique chance to acquire a substantial commercial space in a thriving tourist destination. The asking price is $2,200,000, translating to $233.05 per square foot. Floor plans are available upon request. The property's APN is 107-74-003a.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,355,000
      OFFICE BUILDING
      $1,260,000
      COMMERCIAL (GENERAL)
      $1,095,000
      RETAIL STORES
      $1,030,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.35
    Latitude
    34.4719
    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
    $9,551
    $0.00
    $0.00
    $229,343
    -
    $377,490
    $1,151,463
    $1,528,953

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    Similar Nearby for Sale

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      Lake Havasu City Commercial Property

      Commercial property in prime resort area with multiple offices and training rooms.
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      Lake Havasu City Retail Investment

      Prime retail investment opportunity in Lake Havasu City, Arizona.
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    Similar Nearby for Lease

    • $12,000 /Mo
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      Retail Space in McCulloch Center

      Large retail space with superb visibility in Lake Havasu City.
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      View Details
    • $2,750 /Mo
      2,172 SF

      Lake Havasu City Retail/Office

      2200 SF office or retail space available for lease.
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      View Details
    • $11,000 /Mo
      9,440 SF

      Lake Havasu City Commercial Space

      Commercial space in prime resort area, Lake Havasu City, AZ.
      1407 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $1,800 /Mo
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      Lake Havasu City Retail/Office

      Retail or office space with high traffic exposure.
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      View Details
    • $900 /Mo
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      Lake Havasu City Office Space

      Second floor office/retail space in Lake Havasu City, AZ.
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      Retail/Office Space in Shambles Village

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    Lake Havasu City, AZ 86403
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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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    1407 Mcculloch Blvd N, Lake Havasu City, AZ, 86403
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