Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1520 Corona Dr Lake Havasu City, AZ 86403-3682

    • Retail space
    • 6,426 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    $1,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1369805
    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

    • Oasis Charters / Travel Agency / Tour Operator
    • Competitive Trailers / Auto Repair Shop
    • Phoenix Displays LLC / Hardware & Home Improvement

    Property Details for 1520 Corona Dr

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    1.40 lot acres
    Property size
    6,426 SF
    Zone code
    C
    Property type
    Retail space
    APN
    106-24-053
    APU
    10624053

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,105,000
      Market price range: $407k - $1.11M
      AI Estimate
      $1,105,000
      Market price range: $407k - $1.11M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $700,000
      Current use
      AUTO REPAIR, GARAGE
      $1,420,000
      Change: +103% Conversion: Difficult
      RESTAURANT
      $1,410,000
      Change: +102% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,060,000
      Change: +52% Conversion: Difficult
      MEDICAL BUILDING
      $920,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $855,000
      Change: +22% Conversion: Easy
      COMMERCIAL (GENERAL)
      $745,000
      Change: +7% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $695,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.353
    Latitude
    34.4912
    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
    $9,174
    $0.00
    $0.00
    $158,512
    -
    $411,268
    $469,355
    $880,623

    Comparable in this City

    • Value Estimation by Request
      0.48 Acres

      Lake

      RETAIL STORES (PERSONAL SERVICES) • 0.48 Acres
      Lake, Havasu City, AZ 86403
      View Details
    • Value Estimation by Request
      0.12 Acres

      1806 Acoma W Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      1806 Acoma W Blvd, Lake Havasu City, AZ 86403
      View Details
    • Value Estimation by Request
      0.28 Acres

      1909 Acoma W Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.28 Acres
      1909 Acoma W Blvd, Lake Havasu City, AZ 86403
      View Details
    • Value Estimation by Request
      0.12 Acres

      1816 Acoma W Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      1816 Acoma W Blvd, Lake Havasu City, AZ 86403
      View Details
    • Value Estimation by Request
      0.12 Acres

      1846 Acoma W Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      1846 Acoma W Blvd, Lake Havasu City, AZ 86403-2987
      View Details
    • Value Estimation by Request
      0.22 Acres

      1687 Industrial Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.22 Acres
      1687 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details

    Similar Nearby for Sale

    • $3,500,000
      0.65 Acres

      Lake Havasu Mixed-Use Investment Opportunity

      Multi-tenant medical/office buildings in Lake Havasu City, fully leased.
      2035 Mesquite Ave, Lake Havasu City, AZ 86403
      View Details
    • $1,990,000
      9,440 SF

      Lake Havasu City Commercial Property

      Commercial property in prime resort area with multiple offices and training rooms.
      1407 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $980,000
      6,540 SF

      Commercial Building with Income Potential

      Commercial building with four units, one drive-thru, in Lake Havasu.
      35 Acoma Blvd S, 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
    • $1,999,900

      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
    • $799,000
      3,538 SF

      Mixed-Use Property in Lake Havasu

      Versatile mixed-use property featuring office, showroom, and residential space.
      2563 N Kiowa Blvd N, Lake Havasu City, AZ 86403
      View Details

    Similar Nearby for Lease

    • $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
    • $675 /Mo
      6,490 SF

      Downtown Commercial Space Available

      Commercial space in downtown Lake Havasu City, ideal for new business.
      2169 Swanson Ave, Lake Havasu City, AZ 86403
      View Details
    • $1,061 /Mo
      19,763 SF

      Lake Havasu City Commercial Space

      Upstairs unit in busy plaza with elevator and open layout.
      231 Swanson Ave, Lake Havasu City, AZ 86403
      View Details
    • $1,100 /Mo
      2,842 SF

      Retail/Office Space in Shambles Village

      Retail or office space available in Lake Havasu City.
      2126 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $5,250 /Mo
      40,766 SF

      Lake Havasu City Retail/Office Space

      Prime location retail or office space near London Bridge.
      1755 N Mcculloch Blvd Ave, Lake Havasu City, AZ 86403
      View Details
    • $2,000 /Mo
      1,814 SF

      Prime Retail Space in Castle Building

      Highly visible commercial unit in Lake Havasu City.
      1535 Marlboro Dr, Lake Havasu City, AZ 86403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1520 Corona Dr
    Lake Havasu City, AZ 86403-3682
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.