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    231 Swanson Ave Lake Havasu City, AZ 86403
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    231 Swanson Ave, Lake Havasu City, AZ 86403

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    • Investment properties
    • 19,763 SF
    • 0.71 lot acres
    For Lease
    $1,061/Mo
    View Listing →
    Lake Havasu City Commercial Space For Lease
    $1,061/Mo
    19,763 SF

    Lake Havasu City Commercial Space

    Upstairs unit in busy plaza with elevator and open layout.

    231 Swanson Ave, Lake Havasu City, AZ 86403
    View Listing
    Property ID
    US07-0760345
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Plus Electric / Electrical Service
    • Dolce To-Go / Restaurant
    • VR Escape Reality / Electronics & Wireless Store / (Bike/Boat/Book/etc) Store
    • TGR Logistics, Inc / Trucking Company
    • Gunner Mitchell REALTOR® / Real Estate Agency

    Property Details for 231 Swanson Ave

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    0.71 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    107-38-036A
    APU
    10738036A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 5, 2010 $1,393,029 Gerson Family Lllp Reaz Investment Co INC Warranty Deed $980k · Mohave State Bank
    Jul 15, 2005 — Reaz Investment Co INC — Trustees Deed · related $1.4M · Credit Union One
    — — Gerson Family Lllp — Deed Of Trust · related $950k · Horizon Community Bank
    — — Reaz Investment Co INC — Deed Of Trust · related $125k · Mohave State Bank
    — — Reaz Investment INC — Deed Of Trust · related $239k · Mohave State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,673,000
      Market price range: $577k - $3.67M
      AI Estimate
      $3,673,000
      Market price range: $577k - $3.67M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,295,000
      Current use
      AUTO REPAIR, GARAGE
      $4,360,000
      Change: +90% Conversion: Difficult
      RESTAURANT
      $4,340,000
      Change: +89% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,265,000
      Change: +42% Conversion: Moderate
      MEDICAL BUILDING
      $2,835,000
      Change: +23% Conversion: Easy
      OFFICE BUILDING
      $2,635,000
      Change: +15% 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
    -114.341
    Latitude
    34.4676
    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
    $26,332
    $0.00
    $0.00
    $650,376
    -
    $355,367
    $3,257,832
    $3,613,199

    Comparable in this City

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    • Value Estimation by Request
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      2035 Swanson Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2035 Swanson Ave, Lake Havasu City, AZ 86403-6790
      View Details
    • Value Estimation
      $560,000
      3,006 SF

      491 Lk Havasu N Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      491 Lk Havasu N Ave, Lake Havasu City, AZ 86403-4756
      View Details
    • Value Estimation by Request
      1,750 SF

      1556 Countryshire Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1556 Countryshire Ave, Lake Havasu City, AZ 86403-3619
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    • Value Estimation
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      3,749 SF

      415 El Camino Way

      OFFICE/RESIDENTIAL (MIXED USE)
      415 El Camino Way, Lake Havasu City, AZ 86403-4628
      View Details
    • Value Estimation by Request
      3,820 SF

      1944 Acoma W Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      1944 Acoma W Blvd, Lake Havasu City, AZ 86403-3722
      View Details

    Similar Nearby for Sale

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      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
    • $1,990,000
      9,440 SF

      Resort Area Mixed-Use Property

      Mixed-use property in a prime resort area location.
      1407 Mcculloch Blvd, Lake Havasu City, AZ 86403
      View Details
    • $1,199,000
      2,418 SF

      New Commercial Building Near McCulloch

      New mixed-use commercial building near Lake Havasu's main street.
      47 Mulberry Ave, Lake Havasu City, AZ 86403
      View Details
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      3,538 SF

      Lake Havasu City Commercial Property

      Mixed-use property with offices, showroom, and operational space.
      2563 N Kiowa Blvd N, Lake Havasu City, AZ 86403
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    • $79,000
      420 SF

      Lake Havasu City Storage Unit

      Commercial storage unit for sale in Lake Havasu City.
      911 N Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details
    • $82,000
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      Gated RV Storage Facility

      RV storage facility with security features near Windsor Beach.
      1964 Centers Ave, Lake Havasu City, AZ 86403
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    Similar Nearby for Lease

    • $8,380 /Mo
      4,930 SF

      Downtown Lake Havasu Commercial Space

      4,930 sq ft commercial building in Downtown Lake Havasu.
      2088/2098 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      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
    • $1,380 /Mo
      22,536 SF

      Remodeled Office Space Available

      Newly remodeled office space in Lake Havasu City, Arizona.
      1845 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $1,850 /Mo
      21,350 SF

      Lake Havasu City Commercial Unit

      Light industrial unit with direct access.
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      Lake Havasu City Commercial Space

      Commercial space available for rent in Lake Havasu City.
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      9,544 SF

      Lake Havasu City Office Space

      Second floor office/retail space in Lake Havasu City, AZ.
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    Property Visit Statistics

    • Visits by month
      3.4k
    • Visitors by month
      2.7k
    • Avg Time on site
      7 min
    View Listing
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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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    231 Swanson Ave, Lake Havasu City, AZ, 86403
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