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    2159 N Mcculloch Blvd N Lake Havasu City, AZ 86403
    Property profile & analytics

    2159 N Mcculloch Blvd N Lake Havasu City, AZ 86403

    View on Map
    • Strip malls
    • 4,658 SF
    • 0.08 lot acres
    For Lease
    $1,000/Mo
    View Listing →
    Downtown Lake Havasu City Unit For Lease
    $1,000/Mo
    725 SF

    Downtown Lake Havasu City Unit

    725 sq ft unit in prime downtown location.

    2159 N Mcculloch Blvd N, Lake Havasu City, AZ 86403
    View Listing
    Property ID
    US07-0805000
    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.
    Value Estimations
    $610,000
    Cap Rate Potential
    8.4%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Lvx Leather / Industrial Manufacturer
    • Image Service & Machines / Association Or Organization
    • Hypnotherapist On Line / Alternative Medicine Practice
    • Arizona Kravmaga / Training Center / Sports School
    • Executive Security Agents / Security Service

    Property Details for 2159 N Mcculloch Blvd N

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    0.08 lot acres
    Property size
    4,658 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    108-12-012
    APU
    10812012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $705,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $505,000
      Current use
      MEDICAL BUILDING
      $670,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $620,000
      Change: +23% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $540,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $505,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.325
    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
    2022
    $1,082
    $0.00
    $0.00
    $59,784
    -
    $72,511
    $259,620
    $332,131

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      Lake

      SHOPPING CENTER, STRIP CENTER • 0.03 Acres
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      View Details
    • Value Estimation by Request
      3,757 SF

      2110 Mcculloch N Blvd

      SHOPPING CENTER, STRIP CENTER • 3,757 SF
      2110 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6711
      View Details
    • Value Estimation by Request
      3,780 SF

      2014 Mcculloch N Blvd

      SHOPPING CENTER, STRIP CENTER • 3,780 SF
      2014 Mcculloch N Blvd, Lake Havasu City, AZ 86403-6752
      View Details
    • Value Estimation
      $860,000
      8,698 SF

      1685 Mesquite Ave

      SHOPPING CENTER, STRIP CENTER • 8,698 SF
      1685 Mesquite Ave, Lake Havasu City, AZ 86403-5666
      View Details
    • Value Estimation
      $3,710,000
      35,639 SF

      1477 Queens Bay

      SHOPPING CENTER, STRIP CENTER • 35,639 SF
      1477 Queens Bay, Lake Havasu City, AZ 86403-0965
      View Details
    • Value Estimation
      $630,000
      5,000 SF

      151 Swanson Ave

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      151 Swanson Ave, Lake Havasu City, AZ 86403-0848
      View Details

    Similar Nearby for Sale

    • $10,800,000
      123,674 SF

      Lake Havasu City Retail Investment

      Prime retail investment opportunity in Lake Havasu City, Arizona.
      1870 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $644,500
      3,456 SF

      Commercial Building in Lake Havasu

      Commercial building with flexible zoning in Lake Havasu City.
      1691 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details
    • $2,695,000
      7,125 SF

      Lake Havasu City Rooftop Bar

      Rooftop bar/restaurant with lake views and prime location.
      1515 Marlboro Dr, Lake Havasu City, AZ 86403
      View Details
    • $3,000,000
      9,034 SF

      Restaurant & Bar Prime Location

      Restaurant and bar property in a premium location for sale.
      1519 Queens Bay, Lake Havasu City, AZ 86403
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    • $980,000
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      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
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      2,418 SF

      New Commercial Building Near McCulloch

      New mixed-use commercial building with warehouse space near McCulloch Blvd.
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      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.
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      View Details
    • $1,800 /Mo
      Pending

      Lake Havasu City Retail/Office

      Retail or office space with high traffic exposure.
      597 N Lake Havasu Ave N, Lake Havasu City, AZ 86403
      View Details
    • $3,830 /Mo
      17,148 SF

      Versatile Commercial Property in Lake Havasu

      Prime location with high visibility, ideal for various businesses.
      2175 N Kiowa Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $900 /Mo
      9,544 SF

      Lake Havasu City Office Space

      Second floor office/retail space in Lake Havasu City, AZ.
      2000 Mcculloch Blvd N, 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
    • $2,750 /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
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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.

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    2159 N Mcculloch Blvd N, Lake Havasu City, AZ, 86403
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