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

    2115 Mcculloch N Blvd Lake Havasu City, AZ 86403-6887

    • Strip malls
    • 4,899 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0532841
    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

    • Havasu Guns / Gun Shop
    • Round Eyes Fireworks / Discount Store / Party Supply Store

    Property Details for 2115 Mcculloch N Blvd

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    0.25 lot acres
    Property size
    4,899 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    108-06-110
    APU
    10806110

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $617,000
      Market price range: $292k - $741k
      AI Estimate
      $617,000
      Market price range: $292k - $741k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $530,000
      Current use
      MEDICAL BUILDING
      $700,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $655,000
      Change: +23% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $570,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $535,000
      Change: +1% 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
    -114.329
    Latitude
    34.4761
    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
    $2,956
    $0.00
    $0.00
    $115,651
    -
    $165,647
    $476,861
    $642,508

    Comparable in this City

    • Value Estimation
      $8,685,000
      57,428 SF

      1980 Mcculloch N Blvd

      SHOPPING CENTER, STRIP CENTER • 57,428 SF
      1980 Mcculloch N Blvd, Lake Havasu City, AZ 86403-0969
      View Details
    • Value Estimation
      $520,000
      5,443 SF

      25 Acoma Blvd S Ste, Unit 100

      SHOPPING CENTER, STRIP CENTER • 5,443 SF
      25 Acoma Blvd S Ste, Lake Havasu City, AZ 86403-6127
      View Details
    • Value Estimation by Request
      1,600 SF

      2005 Swanson Ave

      SHOPPING CENTER, STRIP CENTER • 1,600 SF
      2005 Swanson Ave, Lake Havasu City, AZ 86403-6726
      View Details
    • Value Estimation
      $1,260,000
      14,145 SF

      1600 Mcculloch N Blvd

      SHOPPING CENTER, STRIP CENTER • 14,145 SF
      1600 Mcculloch N Blvd, Lake Havasu City, AZ 86403-0997
      View Details
    • Value Estimation by Request
      0.43 Acres

      1780 Mcculloch N Blvd

      SHOPPING CENTER, STRIP CENTER • 0.43 Acres
      1780 Mcculloch N Blvd, Lake Havasu City, AZ 86403
      View Details
    • Value Estimation
      $1,570,000
      11,149 SF

      2231 Mcculloch Blvd N Ste, Unit 107

      SHOPPING CENTER, STRIP CENTER • 11,149 SF
      2231 Mcculloch Blvd N Ste, Lake Havasu City, AZ 86403-6911
      View Details

    Similar Nearby for Sale

    • $11,000,000
      123,674 SF

      Lake Havasu City Investment Opportunity

      Prime commercial property in Lake Havasu City with upside potential.
      1870 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $985,000
      4,438 SF

      Downtown Lake Havasu Retail Complex

      Six-unit retail complex in high-traffic downtown location.
      2160 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $11,000,000

      Prime Lake Havasu Investment Opportunity

      Anchored strip mall in Lake Havasu City's health district.
      1870 Mcculloch Blvd N, 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
    • $450,000
      1,400 SF

      Pour House Bar and Smokehouse

      Est 1967 Clean Restaurant Bar near busy Downtown action, great potential for right people
      2093 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

    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      Retail Space in Havasu North

      Retail space available in a busy Lake Havasu shopping center.
      1799 N Kiowa Ave, Lake Havasu City, AZ 86403
      View Details
    • $2,750 /Mo
      3,875 SF

      Lake Havasu Office with Garage

      Remodeled office space with attached garage and lake views.
      285 Lake Havasu Ave S, 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
    • $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
      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
    • $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
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    Lake Havasu City, AZ 86403-6887
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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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