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

    1597 Mcculloch N Blvd Lake Havasu City, AZ 86403-0933

    • Grocery and convenience stores
    • 2,707 SF
    • 0.96 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2021
    $6,500,000
    Value Estimations
    $6,510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0841506
    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

    • Glacier Water / Gas Station
    • Athena Bitcoin ATM / Crypto Atm / Atm
    • Pit Stop Deli / Food Market / Restaurant
    • London Bridge Chevron / Gas Station
    • Bitcoin of America ATM / Atm / Currency Exchange Service

    Property Details for 1597 Mcculloch N Blvd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    0.96 lot acres
    Property size
    2,707 SF
    Zone code
    C1
    Property type
    Grocery and convenience stores
    APN
    107-31-005
    APU
    10731005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,535,000

    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
    34.4742
    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
    2022
    $2,324
    $0.00
    $0.00
    $179,689
    -
    $666,264
    $332,008
    $998,272

    Comparable in this City

    • Value Estimation
      $12,245,000
      83,914 SF

      80 Acoma N Blvd

      GROCERY, SUPERMARKET • 83,914 SF
      80 Acoma N Blvd, Lake Havasu City, AZ 86403-6932
      View Details
    • Value Estimation
      $2,225,000
      2,917 SF

      1571 Palo Verde S Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,917 SF
      1571 Palo Verde S Blvd, Lake Havasu City, AZ 86403-4639
      View Details
    • Value Estimation
      $1,570,000
      2,356 SF

      2201 Mcculloch N Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,356 SF
      2201 Mcculloch N Blvd, Lake Havasu City, AZ 86403-5934
      View Details
    • Value Estimation
      $1,405,000
      2,998 SF

      1731 Industrial Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,998 SF
      1731 Industrial Blvd, Lake Havasu City, AZ 86403-3630
      View Details
    • Value Estimation by Request
      2,170 SF

      250 Swanson Ave

      CONVENIENCE STORE • 2,170 SF
      250 Swanson Ave, Lake Havasu City, AZ 86403-0966
      View Details
    • Value Estimation by Request
      2,950 SF

      2197 Mcculloch N Blvd

      CONVENIENCE STORE • 2,950 SF
      2197 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6833
      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.
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      Commercial Building with Income Potential

      Commercial building with four units, one with drive-thru potential.
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    • $3,500,000
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      Lake Havasu Mixed-Use Investment Opportunity

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    • $1,990,000
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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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    • $1,199,000
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      New Commercial Building Near McCulloch

      New commercial building near historic McCulloch Blvd, Lake Havasu City.
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      Prime Commercial Corner Property

      High-visibility commercial property on a premier corner location.
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    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
    • $2,000 /Mo
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      Prime Retail Space in Castle Building

      Highly visible commercial unit in Lake Havasu City.
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    • $731 /Mo
      19,763 SF

      Lake Havasu City Commercial Space

      Upstairs commercial unit in busy Park Place Plaza.
      231 Swanson Ave, Lake Havasu City, AZ 86403
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    • $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
    • $696 /Mo
      19,763 SF

      Lake Havasu City Commercial Space

      Upstairs unit in busy plaza, suitable for office/retail.
      231 Swanson Ave, Lake Havasu City, AZ 86403
      View Details
    • $3,900 /Mo
      Pending

      Versatile Commercial Property with Parking

      Prime location with office, shop area, and ample parking.
      2175 N Kiowa Blvd, Lake Havasu City, AZ 86403
      View Details
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    Lake Havasu City, AZ 86403-0933
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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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