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    Property profile & analytics

    2350 Miracle Mile Bullhead City, AZ 86442

    • Strip malls
    • 4,500 SF
    • 0.75 lot acres
    For Sale
    View listing
    $950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0897659
    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

    • Bullhead City Florist / (Bike/Boat/Book/etc) Store / Florist
    • CosmoProf / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Bullhead Health Club LLC / Gym & Fitness Center
    • KFC / Restaurant
    • CDReload - Online Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 2350 Miracle Mile

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    0.75 lot acres
    Property size
    4,500 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    220-35-006
    APU
    22035006

    Description

    This exceptional value-add opportunity presents a 4,500 square foot retail property located within the Riverview Mall Shops in Bullhead City, Arizona. The property, built in 2000, sits on a 0.75-acre lot and features three suites, currently 33% occupied by Allied Cash Advance under a corporate guarantee since 2006. The tenant recently extended their lease, demonstrating commitment to the location. This single-story building benefits from a prime location with high visibility on Miracle Mile and Marina Boulevard, boasting 27,284 vehicles per day (VPD) in 2022. The property is zoned C-2 and offers below-market rent potential. The surrounding area features strong demographics, including an average household income of $55,446 within a 3-mile radius, a daytime population of 29,698, and a median age of 51.9 years. Nearby national tenants include Big Lots, CVS, Joann Fabrics, Walgreens, Arby's, Popeyes, Wendy's, Jack in the Box, Taco Bell, Planet Fitness, KFC, and AutoZone. The property's strategic location benefits from the significant tourism in Bullhead City and Laughlin, Nevada, driven by the Colorado River, Lake Mohave, and numerous gaming resorts. This is a fee-simple ownership opportunity with a triple-net (NNN) lease. The asking price is $950,000, resulting in a price per square foot of $211.11. Importantly, the property has received zoning compliance approval for adult-use marijuana.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $680,000
      Market price range: $268k - $680k
      AI Estimate
      $680,000
      Market price range: $268k - $680k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $485,000
      Current use
      AUTO REPAIR, GARAGE
      $530,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $525,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $490,000
      Change: +1% Conversion: Easy
      COMMERCIAL (GENERAL)
      $470,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bullhead City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.596
    Latitude
    35.1013
    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
    $7,717
    $0.00
    $0.00
    $141,999
    -
    $226,154
    $562,731
    $788,885

    Comparable in this City

    • Value Estimation
      $1,365,000
      22,924 SF

      1595 Mohave Dr, Unit 1

      SHOPPING CENTER, STRIP CENTER • 22,924 SF
      1595 Mohave Dr, Bullhead City, AZ 86442-3724
      View Details
    • Value Estimation by Request
      2,240 SF

      2031 Hwy 95

      SHOPPING CENTER, STRIP CENTER • 2,240 SF
      2031 Hwy 95, Bullhead City, AZ 86442-6004
      View Details
    • Value Estimation by Request
      3,225 SF

      2107 Hwy 95

      SHOPPING CENTER, STRIP CENTER • 3,225 SF
      2107 Hwy 95, Bullhead City, AZ 86442-9008
      View Details
    • Value Estimation
      $1,510,000
      25,371 SF

      2135 Hwy 95th Ste, Unit 105

      SHOPPING CENTER, STRIP CENTER • 25,371 SF
      2135 Hwy 95th Ste, Bullhead City, AZ 86442-6005
      View Details
    • Value Estimation by Request
      4,547 SF

      1744 Hwy 95

      SHOPPING CENTER, STRIP CENTER • 4,547 SF
      1744 Hwy 95, Bullhead City, AZ 86442-6981
      View Details
    • Value Estimation
      $2,430,000
      16,800 SF

      2840 Hwy 95

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      2840 Hwy 95, Bullhead City, AZ 86442-7792
      View Details

    Similar Nearby for Sale

    • $799,000
      9,221 SF

      Bullhead City Retail Center

      High-yield, fully occupied shopping center
      817-833 Hancock Rd, Bullhead City, AZ 86442
      View Details
    • $950,000
      4,500 SF

      Riverview Mall Shops: Value-Add

      Bullhead City Retail Investment Opportunity
      2350 Miracle Mile, Bullhead City, AZ 86442
      View Details
    • $599,000
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      Commercial Building in Bullhead City

      Commercial building with nine units, suitable for investment or occupancy.
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    • $2,400,000
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      New Construction Retail Property

      New construction retail property with long-term lease and rent increases.
      2350 Miracle Mile, Bullhead City, AZ 86442
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      Highway Frontage Retail/Office Building

      Retail or office building with highway frontage and ample parking.
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    • $749,000
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      Prime Bullhead City Mixed-Use

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    Similar Nearby for Lease

    • Contact for pricing
      1,225 SF

      Retail Space in Mohave Crossroads

      Regional shopping hub with high visibility and visitor traffic.
      3699 Highway 95, Bullhead City, AZ 86442
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    • $10 SF/Yr
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      Bullhead City Industrial Portfolio

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      View Details
    • $4,620 /Mo
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      Commercial Property in Bullhead City

      Commercial property available for rent in Bullhead City, Arizona.
      2765 Highway 95, Bullhead City, AZ 86442
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    • $525 /Mo
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      Medical Office Space Available

      Medical office space for rent with utilities included.
      1225 Hancock Rd, Bullhead City, AZ 86442
      View Details
    • $3,510 /Mo

      Medical Office in Bullhead City

      Medical office building in the heart of Bullhead City.
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    • $295 SF/Yr
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      Bullhead City Storage Units For Rent

      Gated storage units with surveillance in convenient location.
      2485 Adobe Rd, Bullhead City, AZ 86442
      View Details
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    Bullhead City, AZ 86442
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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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