Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2585 Miracle Mile, Unit 138 Bullhead City, AZ 86442-7522

    • Office Properties & Spaces
    • 29,000 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Oct 06, 2022
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1804452
    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

    • North Country HealthCare - Bullhead City / Medical Clinic
    • Real Estate & Mortgage Warehouse / Loan Service / Bank
    • Sand Associates / Tax Preparation
    • Therese Moses - REALTOR / Real Estate Agency
    • Lori A. Linville-Petrik, PT / Physician

    Property Details for 2585 Miracle Mile

    Year built
    2000
    Lot size
    0.05 lot acres
    Property size
    29,000 SF
    Property type
    Office Properties & Spaces
    APN
    220-61-038
    APU
    22061038

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $662,000
      Market price range: $291k - $4.75M
      AI Estimate
      $662,000
      Market price range: $291k - $4.75M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bullhead City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.597
    Latitude
    35.0918
    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
    $2,040
    $0.00
    $0.00
    $27,684
    -
    $3,539
    $150,260
    $153,799

    Comparable in this City

    • Value Estimation
      $1,605,000
      70,366 SF

      2580 Hwy 952-106

      CONDOMINIUM OFFICES • 70,366 SF
      2580 Hwy 952-106, Bullhead City, AZ 86442-7491
      View Details
    • Value Estimation
      $1,605,000
      70,366 SF

      2580 Hwy 952-120

      CONDOMINIUM OFFICES • 70,366 SF
      2580 Hwy 952-120, Bullhead City, AZ 86442-7491
      View Details
    • Value Estimation
      $1,605,000
      70,366 SF

      2580 Hwy 952-131

      CONDOMINIUM OFFICES • 70,366 SF
      2580 Hwy 952-131, Bullhead City, AZ 86442-7491
      View Details
    • Value Estimation
      $1,605,000
      70,366 SF

      2580 Hwy 952-117

      CONDOMINIUM OFFICES • 70,366 SF
      2580 Hwy 952-117, Bullhead City, AZ 86442-7491
      View Details
    • Value Estimation
      $1,605,000
      70,366 SF

      2580 Hwy 95th Ste, Unit 226

      CONDOMINIUM OFFICES • 70,366 SF
      2580 Hwy 95th Ste, Bullhead City, AZ 86442-7332
      View Details
    • Value Estimation by Request
      1,658 SF

      1665 Rainbow Dr Ste, Unit 6

      CONDOMINIUM OFFICES • 1,658 SF
      1665 Rainbow Dr Ste, Bullhead City, AZ 86442-7859
      View Details

    Similar Nearby for Sale

    • $381,106
      2,038 SF

      Colorado Medical Office Condo for Sale

      Prime Bullhead City medical office, 2,038 sq ft.
      2585 Miracle Mile, Bullhead City, AZ 86442
      View Details
    • $182,850
      1,219 SF

      Bullhead City Office Condo

      1,219 SF Office Space, $182,850
      2580 Az-95, Bullhead City, AZ 86442
      View Details
    • $375,000
      2,000 SF

      Bullhead City Medical Office Condo

      2,000 SF Medical Office; Sale or Lease
      2585 Miracle Mile, Bullhead City, AZ 86442
      View Details
    • $200,544
      0.15 Acres

      Commercial Building Pads in Bullhead

      Commercial land with utilities, ready for development in Bullhead City.
      2021 Camino Real Lot 005A Blvd, Bullhead City, AZ 86442
      View Details
    • $119,000
      0.35 Acres

      Arroyo Vista Estates View Lot

      Residential land with unobstructed views in Arroyo Vista Estates.
      2345 Jo Ann Ave, Bullhead City, AZ 86442
      View Details
    • $270,000
      0.64 Acres

      Corner Lot on Miracle Mile

      High-traffic commercial corridor, excellent visibility, easy access, utilities available.
      Miracle Mile, Bullhead City, AZ 86442
      View Details

    Similar Nearby for Lease

    • $1,440 /Mo
      5,227 SF

      Commercial Building in Bullhead City

      Commercial building with offices, conference room, and kitchenette.
      746 Gemstone Ave, Bullhead City, AZ 86442
      View Details
    • $3,510 /Mo

      Medical Office in Bullhead City

      Medical office building in the heart of Bullhead City.
      1467 Palma Rd, Bullhead City, AZ 86442
      View Details
    • $10 SF/Yr
      16,000 SF

      Bullhead City Industrial Portfolio

      Four Buildings, 16,000 SF Total
      4081 Arcadia Blvd, Bullhead City, AZ 86442
      View Details
    • $525 /Mo
      20,408 SF

      Medical Office Space Available

      Medical office space for rent with utilities included.
      1225 Hancock Rd, Bullhead City, AZ 86442
      View Details
    • 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
      View Details
    • $295 SF/Yr
      362 SF

      Bullhead City Storage Units For Rent

      Gated storage units with surveillance in convenient location.
      2485 Adobe Rd, Bullhead City, AZ 86442
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2585 Miracle Mile, Unit 138
    Bullhead City, AZ 86442-7522
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.