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Property profile & analytics
OFF-MARKET
Retail space
1588 Countryshire Ave, Lake Havasu City, AZ 86403-3619
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0521576
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
CONCRETE
Total area
1,764 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C
APN
106-24-068
UPID
US07-0521576
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Swift Payday Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1588 Countryshire Avenue LLC · 1 yrs held
1588 Countryshire Avenue LLC
since 2025
Last sale
$882,000
3 recorded transactions
Zoning & alternative use
C · Lake Havasu City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Havasu City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Havasu City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$2,570
Tax year 2020
Assessed value
$70,713
Assessed 2025
Previous assessed
$70,713
+0.0% YoY
Effective rate
3.63%
On assessed value
Land market value
$109,793
Improvement market value
$283,056
Total market value
$392,849
Applied tax rate
2,571.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Total area
1,764 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C
APN
106-24-068
UPID
US07-0521576
Jurisdiction
MOHAVE
Zoning & alternative use
C · Lake Havasu City, AZ
Zoning C · permitted uses
C · Lake Havasu City, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Havasu City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
1588 Countryshire Avenue LLC
Entity
Mailing address
3570 FELTON EMPIRE RD, SANTA CRUZ, CA 95060-9659
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
$882,000
1588 Countryshire Avenue LLC
Ward H Howard
Special Warranty Deed
$705,600 · Goldwater Bank NA
Aug 14, 2002
$215,000
Ward H Howard
Herrick,george R
Grant Deed
—
Mar 8, 2000
$145,000
George R Herrrick
Hughes Trust
Grant Deed
$120,000 · Seller
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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