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    Property profile & analytics

    2122 Mcculloch Blvd N Lake Havasu City, AZ 86403

    • Bars
    • 2,428 SF
    • 0.29 lot acres
    For Sale
    View listing
    $6,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1390057
    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

    • BJ's Cabana Bar & Karaoke / Bar & Pub

    Property Details for 2122 Mcculloch Blvd N

    Year built
    1983
    Construction
    CONCRETE
    Lot size
    0.29 lot acres
    Property size
    2,428 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    108-12-098A
    APU
    10812098A

    Description

    This thriving Lake Havasu City bar and nightclub, situated on McCulloch Blvd N, presents a unique investment opportunity. Boasting 2,429 square feet of indoor space and a substantial outdoor patio, this well-established business has been under the same ownership since 2006. The property includes a #6 liquor license, a full food menu (served 11 AM - 8 PM Sunday-Thursday, and 11 AM - 2 AM Friday-Saturday), and features an extensive array of amenities including an indoor pool table, outdoor dance floor, cooling misting system, fire pit, and multiple TVs both inside and out. The bar also benefits from a state-of-the-art Blizzard beer cooling system, Aloha POS system, ATM, vending machines, and a lottery vending machine. Security is ensured with a 40 NVR & DVR system. The property sits on a 0.29-acre lot, with almost 100 feet of Main Street frontage, providing excellent visibility and access to local events. The single-story building, constructed in 1972, is zoned L-C-1 Limited Commercial. The asking price is $6,500,000. Serious inquiries only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.328
    Latitude
    34.4751
    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
    $2,830
    $0.00
    $0.00
    $64,523
    -
    $183,097
    $175,362
    $358,459

    Comparable in this City

    • Value Estimation
      $890,000
      2,723 SF

      2198 Mcculloch N Blvd

      BAR, TAVERN • 2,723 SF
      2198 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6834
      View Details
    • Value Estimation
      $510,000
      4,430 SF

      1601 Industrial Blvd

      BAR, TAVERN • 4,430 SF
      1601 Industrial Blvd, Lake Havasu City, AZ 86403-3641
      View Details
    • Value Estimation by Request
      2,000 SF

      66 Capri Ln

      BAR, TAVERN • 2,000 SF
      66 Capri Ln, Lake Havasu City, AZ 86403-5642
      View Details
    • Value Estimation
      $1,495,000
      4,504 SF

      2112 Mcculloch N Blvd

      BAR, TAVERN • 4,504 SF
      2112 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6716
      View Details
    • Value Estimation
      $965,000
      2,370 SF

      317 Lk Havasu S Ave

      BAR, TAVERN • 2,370 SF
      317 Lk Havasu S Ave, Lake Havasu City, AZ 86403-9303
      View Details
    • Value Estimation by Request
      2,324 SF

      125 Paseo Del Sol

      BAR, TAVERN • 2,324 SF
      125 Paseo Del Sol, Lake Havasu City, AZ 86403-4636
      View Details

    Similar Nearby for Sale

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      Pour House Bar and Smokehouse

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      Established Bar & Night Club

      Established bar and night club with main street frontage.
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    Similar Nearby for Lease

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      View Details
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      Downtown Lake Havasu Retail/Office

      725 sq ft retail/office space in downtown Lake Havasu.
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    Lake Havasu City, AZ 86403
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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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