Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1588 Countryshire Ave Lake Havasu City, AZ 86403-3619
    Property profile & analytics

    1588 Countryshire Ave Lake Havasu City, AZ 86403-3619

    View on Map
    • Retail space
    • 1,764 SF
    • 0.23 lot acres
    Off-Market
    Last Sale May 15, 2025
    $882,000
    Property ID
    US07-0521576
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Swift Payday Loans / Loan Service

    Property Details for 1588 Countryshire Ave

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    1,764 SF
    Zone code
    C
    Property type
    Retail space
    APN
    106-24-068
    APU
    10624068

    Description

    This exceptional 3,492 square foot flex/warehouse space in Lake Havasu City, Arizona, presents a unique investment opportunity. Located at 1588 Countryshire Ave, 86403, this Class B, two-story building boasts a versatile layout ideal for a variety of small businesses. The ground floor features a spacious shop and office area, perfect for automotive, contracting, or marine-related enterprises. Upstairs, a living area provides additional space. The property includes a large, fenced concrete rear parking area with two carports, offering ample parking for employees and customers (24 spaces total). Built in 1971 and extensively renovated in 2022, this property is move-in ready. The 0.24-acre lot is zoned C-2. Key features include a 9-foot ceiling height, one unit, and a pro-forma NOI of $62,000, resulting in a 6.29% pro-forma cap rate. The asking price is $985,000, translating to $282.07 per square foot. This owner/user investment opportunity combines functionality and convenience in a prime Lake Havasu City location. The property's APN is 106-24-068.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.352
    Latitude
    34.4892
    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
    $2,570
    $0.00
    $0.00
    $70,713
    -
    $109,793
    $283,056
    $392,849

    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

    • $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
    • $1,100,000
      4,996 SF

      Lake Havasu City Commercial Building

      Fully leased commercial building on Main Street/McCulloch Blvd. N.
      2164 N Mcculloch Blvd N, 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
    • New
      $1,200,000
      Pending

      Lake Havasu City Commercial Investment

      Multi-tenant professional office/retail building in prime location.
      2152 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • New
      $1,199,000
      2,418 SF

      New Commercial Building Near McCulloch

      New mixed-use commercial building near Lake Havasu's main street.
      47 Mulberry Ave, Lake Havasu City, AZ 86403
      View Details
    • $2,695,000
      Pending

      Lake Havasu City Commercial Property

      9,267 SF commercial property on 1.19-acre lot.
      513 N Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      Pending

      Lake Havasu City Retail/Office

      Retail or office space with high traffic exposure.
      597 N Lake Havasu Ave N, Lake Havasu City, AZ 86403
      View Details
    • $900 /Mo
      9,544 SF

      Lake Havasu City Office Space

      Second floor office/retail space in Lake Havasu City, AZ.
      2000 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $12,000 /Mo
      25,792 SF

      Retail Space in McCulloch Center

      Large retail space with superb visibility in Lake Havasu City.
      1990 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $2,750 /Mo
      2,172 SF

      Lake Havasu City Retail/Office

      2200 SF office or retail space available for lease.
      2126 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      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
    • $1,100 /Mo
      Pending

      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
    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.
    1588 Countryshire Ave
    Lake Havasu City, AZ 86403-3619
    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

    Thank You for Inquiry
    1588 Countryshire Ave, Lake Havasu City, AZ, 86403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!