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

    2148 Mcculloch N Blvd Lake Havasu City, AZ 86403-6740

    • Investment properties
    • 5,534 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Nov 17, 2022
    $955,000
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    6.4%
    Investment properties
    Location Intelligence
    Property ID
    US07-1151815
    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

    • Allison Paoli PLLC - Realtor / Real Estate Agency
    • Sunstone Real Estate Group at Coldwell Banker Realty / Real Estate Agency
    • Southwest Firearms / Gun Shop
    • Acupuncture Solutions / Medical Clinic / Alternative Medicine Practice
    • Travis Redman - Realtor - Lake Havasu City, AZ / Real Estate Agency

    Property Details for 2148 Mcculloch N Blvd

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    0.34 lot acres
    Property size
    5,534 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    108-12-094
    APU
    10812094

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $810,000
      6.5%
      $745,000
      7%
      $695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,028,000
      Market price range: $162k - $1.03M
      AI Estimate
      $1,028,000
      Market price range: $162k - $1.03M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $645,000
      Current use
      AUTO REPAIR, GARAGE
      $1,220,000
      Change: +90% Conversion: Difficult
      RESTAURANT
      $1,215,000
      Change: +89% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $915,000
      Change: +42% Conversion: Moderate
      MEDICAL BUILDING
      $795,000
      Change: +23% Conversion: Easy
      OFFICE BUILDING
      $740,000
      Change: +15% Conversion: Easy
      RETAIL STORES
      $605,000
      Change: -6% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $600,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.326
    Latitude
    34.4744
    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
    $5,627
    $0.00
    $0.00
    $178,812
    -
    $208,407
    $784,995
    $993,402

    Comparable in this City

    • Value Estimation
      $1,095,000
      11,218 SF

      781 Lk Havasu N Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 11,218 SF
      781 Lk Havasu N Ave, Lake Havasu City, AZ 86403-2938
      View Details
    • Value Estimation by Request
      2,492 SF

      159 Paseo Del Sol

      OFFICE/RESIDENTIAL (MIXED USE) • 2,492 SF
      159 Paseo Del Sol, Lake Havasu City, AZ 86403-4636
      View Details
    • Value Estimation
      $570,000
      4,892 SF

      2182 Mcculloch N Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,892 SF
      2182 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6880
      View Details
    • Value Estimation by Request
      20,160 SF

      2051 Spawr Cir

      OFFICE/RESIDENTIAL (MIXED USE) • 20,160 SF
      2051 Spawr Cir, Lake Havasu City, AZ 86403-1980
      View Details
    • Value Estimation by Request
      1,829 SF

      2127 Swanson Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,829 SF
      2127 Swanson Ave, Lake Havasu City, AZ 86403-6884
      View Details
    • Value Estimation
      $555,000
      2,858 SF

      2563 Kiowa N Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,858 SF
      2563 Kiowa N Blvd, Lake Havasu City, AZ 86403-2552
      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
    • $599,000
      2,864 SF

      Lake Havasu City Fourplex

      Fully occupied fourplex near Highway 95, great investment opportunity.
      2312 Palisades Dr, Lake Havasu City, AZ 86403
      View Details
    • New
      $4,000,000
      Pending

      Lake Havasu City Commercial Property

      Commercial property in Lake Havasu City, Arizona, for sale.
      1785 Kiowa Ave, Lake Havasu City, AZ 86403
      View Details
    • $799,000
      3,538 SF

      Mixed-Use Property in Lake Havasu

      Versatile mixed-use property featuring office, showroom, and residential space.
      2563 N Kiowa Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $169,000
      0.25 Acres

      Residential Land with Lake View

      Flat, surveyed lot with lake view ready for new home.
      2537 Everglades Dr, Lake Havasu City, AZ 86403
      View Details
    • $699,000

      Lake Havasu City Land

      Land in a growing recreational destination near popular attractions.
      530 Lake Havasu Ave, 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
    • $2,978 /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
    • $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
    • $850 /Mo
      22,536 SF

      Remodeled Office Space with Mountain Views

      Newly remodeled office space with mountain views in Lake Havasu.
      1845 Mcculloch Blvd N, 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
    • $2,670 /Mo

      Class A Medical Space Available

      Premier medical property in Lake Havasu City for lease.
      297 Lake Havasu Ave S, Lake Havasu City, AZ 86403
      View Details
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    Lake Havasu City, AZ 86403-6740
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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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