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

    2035 Mesquite Ave Lake Havasu City, AZ 86403

    • Medical offices
    • 6,656 SF
    • 0.65 lot acres
    For Sale
    View listing
    $3,500,000
    Last Sale
    Nov 13, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1405426
    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

    • Smith Ronald G PhD / Physician / Medical Clinic
    • Edmund Mitchell / Pediatrician / Physician
    • Burt Faibisoff / Physician / Medical Clinic
    • Tiarra Sitzer / Pediatrician / Physician
    • Dr. Randal Troyer / Physician

    Property Details for 2035 Mesquite Ave

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    0.65 lot acres
    Property size
    6,656 SF
    Zone code
    R4
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    108-06-141
    APU
    10806141

    Description

    This exceptional 5,679-square-foot medical office space in Lake Havasu City, Arizona, presents a prime leasing opportunity. Located at 2035 Mesquite Ave, at the prominent corner of Mesquite Ave and Smoketree Ave, this single-story building sits on a 0.58-acre lot and is part of the Lake Havasu City Medical District, near the Lake Havasu City Regional Hospital. Built in 1999, the property features 13 exam rooms, 7 offices, dual lobbies, and 5 bathrooms, along with ample utility and closet space. Currently vacant, this space is zoned L-C-1 General Commercial (APN: 108-06-140) and offers significant flexibility. The layout can be customized, and it's even possible to divide the space into two units to accommodate the needs of multiple tenants. The lease rate is $1.65 per square foot per month, plus NNN charges. This represents a rare chance to secure a high-quality medical facility in a desirable location. Available Fall 2024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,407,000
      Market price range: $748k - $1.41M
      AI Estimate
      $1,407,000
      Market price range: $748k - $1.41M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $955,000
      Current use
      AUTO REPAIR, GARAGE
      $1,470,000
      Change: +54% Conversion: Difficult
      RESTAURANT
      $1,460,000
      Change: +53% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,100,000
      Change: +15% Conversion: Moderate
      OFFICE BUILDING
      $890,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.331
    Latitude
    34.4785
    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
    $15,913
    $0.00
    $0.00
    $344,289
    -
    $333,575
    $1,961,687
    $2,295,262

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      2205 Swanson Ave

      MEDICAL CLINIC • 0.19 Acres
      2205 Swanson Ave, Lake Havasu City, AZ 86403-5990
      View Details
    • Value Estimation
      $2,535,000
      22,536 SF

      1845 Mcculloch Blvd N Ste A7

      MEDICAL CLINIC • 22,536 SF
      1845 Mcculloch Blvd N Ste A7, Lake Havasu City, AZ 86403-5722
      View Details
    • Value Estimation
      $545,000
      2,575 SF

      2082 Mesquite Ave, Unit A

      MEDICAL CLINIC • 2,575 SF
      2082 Mesquite Ave, Lake Havasu City, AZ 86403-6710
      View Details
    • Value Estimation
      $1,225,000
      5,796 SF

      1980 Mesquite Ave

      MEDICAL CLINIC • 5,796 SF
      1980 Mesquite Ave, Lake Havasu City, AZ 86403-7713
      View Details
    • Value Estimation
      $1,235,000
      5,852 SF

      1948 Mesquite Ave

      MEDICAL CLINIC • 5,852 SF
      1948 Mesquite Ave, Lake Havasu City, AZ 86403-5777
      View Details
    • Value Estimation
      $750,000
      3,702 SF

      2180 Mcculloch N Blvd

      MEDICAL CLINIC • 3,702 SF
      2180 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6879
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $950,000
      6,355 SF

      Versatile Commercial Building in Lake Havasu

      Vacant commercial building suitable for owner-user or investment.
      285 Lake Havasu Ave S, Lake Havasu City, AZ 86403
      View Details
    • $178,000
      12,136 SF

      Lake Havasu City Office Space

      Office space with views, suitable for medical or professional use.
      1987 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $279,500
      16,497 SF

      Lake Havasu City Office Space

      Two adjacent office buildings in a prime downtown location.
      30 Acoma Blvd S unit 207/208, Lake Havasu City, AZ 86403
      View Details
    • $674,000
      0.48 Acres

      Spacious Office Building in Lake Havasu

      Large office building with rentable space and ample parking.
      2001 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details

    Similar Nearby for Lease

    • $2,670 /Mo
      15,910 SF

      Lake Havasu City Medical Space

      Class A medical space in Lake Havasu City for lease.
      297 Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details
    • $1,900 /Mo
      5,119 SF

      Medical Office Space For Rent

      Medical office space in prime location near hospital.
      1945 Mesquite Ave, Lake Havasu City, AZ 86403
      View Details
    • New
      $2,200 /Mo
      5,119 SF

      Medical Office Space For Rent

      Medical office space in prime location near hospital.
      1945 Mesquite Ave Unit, Lake Havasu City, AZ 86403
      View Details
    • $2,988 /Mo
      15,910 SF

      Lake Havasu City Medical Property

      Medical space for lease in Lake Havasu City, Arizona.
      297 Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details
    • $2,978 /Mo
      15,910 SF

      Medical Property in Lake Havasu

      Prime medical space available for lease in Lake Havasu City.
      297 Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details
    • $4,750 /Mo
      2,480 SF

      Lake Havasu City Office Suite

      Turnkey medical/professional office with flexible space options.
      285 Lake Havasu Ave S, 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.
    2035 Mesquite Ave
    Lake Havasu City, AZ 86403
    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.