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

    1519 Queens Bay Lake Havasu City, AZ 86403

    • Turn key restaurants
    • 4,631 SF
    • 0.50 lot acres
    For Lease
    View listing
    $15,000 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1111354
    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

    • Romano's Chicago Pizzeria / Restaurant
    • Western Az Area Health Edu Center / Social Service Agency / Charitable Organization
    • First Aid For Families / Medical Clinic

    Property Details for 1519 Queens Bay

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    0.50 lot acres
    Property size
    4,631 SF
    Property type
    Turn key restaurants
    APN
    107-38-038
    APU
    10738038

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,300,000
      Market price range: $409k - $1.52M
      AI Estimate
      $1,300,000
      Market price range: $409k - $1.52M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,015,000
      Current use
      AUTO REPAIR, GARAGE
      $1,020,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.345
    Latitude
    34.4707
    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
    $10,565
    $0.00
    $0.00
    $183,114
    -
    $274,573
    $742,728
    $1,017,301

    Comparable in this City

    • Value Estimation
      $825,000
      2,526 SF

      30 Lk Havasu S Ave

      RESTAURANT • 2,526 SF
      30 Lk Havasu S Ave, Lake Havasu City, AZ 86403-0946
      View Details
    • Value Estimation
      $2,070,000
      7,400 SF

      80 Swanson Ave

      RESTAURANT • 7,400 SF
      80 Swanson Ave, Lake Havasu City, AZ 86403-6528
      View Details
    • Value Estimation
      $760,000
      2,958 SF

      460 El Camino Way

      RESTAURANT • 2,958 SF
      460 El Camino Way, Lake Havasu City, AZ 86403-4626
      View Details
    • Value Estimation by Request
      3,373 SF

      2200 Mesquite Ave

      RESTAURANT • 3,373 SF
      2200 Mesquite Ave, Lake Havasu City, AZ 86403-6718
      View Details
    • Value Estimation by Request
      1,000 SF

      1584 Countryshire Ave

      RESTAURANT • 1,000 SF
      1584 Countryshire Ave, Lake Havasu City, AZ 86403-3619
      View Details
    • Value Estimation
      $2,070,000
      6,350 SF

      150 Swanson Ave

      RESTAURANT • 6,350 SF
      150 Swanson Ave, Lake Havasu City, AZ 86403-6528
      View Details

    Similar Nearby for Sale

    • $1,390,000
      4,430 SF

      Established Restaurant on High-Traffic Thoroughfare

      Turnkey restaurant opportunity in Lake Havasu City with C-2 zoning.
      1601 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details
    • New
      $1,700,000
      2,705 SF

      Lake Havasu City Commercial Property

      Downtown Lake Havasu City bar/restaurant with parking and equipment.
      2061 Swanson Ave, Lake Havasu City, AZ 86403
      View Details
    • $1,700,000
      1,500 SF

      Turn-Key Food Truck Court

      Established food truck court in Lake Havasu City's Restaurant Row.
      201 Swanson Ave, Lake Havasu City, AZ 86403
      View Details
    • $1,399,000
      2,633 SF

      Lake Havasu City Drive-Thru Restaurant

      Drive-thru restaurant centrally located off Hwy 95 and Palo Verde.
      410 El Camino Way, Lake Havasu City, AZ 86403
      View Details
    • $1,200,000
      2,800 SF

      Lake Havasu City Restaurant Property

      Restaurant property for sale in Lake Havasu City, Arizona.
      333 Lake Havasu Ave S, Lake Havasu City, AZ 86403
      View Details
    • New
      $499,900
      Pending

      Lake Havasu City Corner Lot

      Flexible zoning, ideal for manufacturing, storage, restaurant, or boat servicing.
      2021 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details

    Similar Nearby for Lease

    • New
      $15,000 /Mo
      9,034 SF

      Restaurant/Bar Space in Lake Havasu

      Two-story restaurant/bar with office space in high-traffic area.
      1519 Queens Bay, Lake Havasu City, AZ 86403
      View Details
    • $14 SF/Yr
      4,520 SF

      Lake Havasu Restaurant - 4,520 SF

      Prime Lake Havasu restaurant space, single tenant.
      790 Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details
    • $9,990 /Mo
      2,633 SF

      Lake Havasu City Drive-Thru Restaurant

      Drive-thru restaurant centrally located off Hwy 95 and Palo Verde.
      410 El Camino Way, Lake Havasu City, AZ 86403
      View Details
    • $5,500 /Mo
      43,736 SF

      Lake Havasu City Commercial Space

      Restaurant-Eatery-Commissary in Louis Business Park available for rent.
      790 Lake Havasu Ave N unit 25 & 31, Lake Havasu City, AZ 86403
      View Details
    • $15,000 /Mo
      5,000 SF

      Lake Havasu City Restaurant Space

      Restaurant space in busy commercial lot with lake views.
      1550 Palo Verde Blvd S, Lake Havasu City, AZ 86403
      View Details
    • $1,185 /Mo
      725 SF

      Downtown Lake Havasu Retail/Office

      725 sq ft retail/office space in downtown Lake Havasu.
      2159 N Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
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    1519 Queens Bay
    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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