Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2890 Jamaica S Blvd Lake Havasu City, AZ 86406-7706

    • Grocery and convenience stores
    • 3,017 SF
    • 0.78 lot acres
    OFF-MARKET
    Last Sale
    Sep 13, 2024
    $3,500,000
    Value Estimations
    $3,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1350905
    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

    • Motor and Boat Texaco / Auto Repair Shop
    • ATM (Neighbors Texaco) / Atm
    • Krispy Krunchy Chicken / Restaurant

    Property Details for 2890 Jamaica S Blvd

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    0.78 lot acres
    Property size
    3,017 SF
    Property type
    Grocery and convenience stores
    APN
    105-15-113C
    APU
    10515113C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,500,000
      ML approach
      $3,500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.297
    Latitude
    34.472
    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
    $6,509
    $0.00
    $0.00
    $129,038
    -
    $250,468
    $466,410
    $716,878

    Comparable in this City

    • Value Estimation
      $1,965,000
      3,259 SF

      1040 Acoma S Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,259 SF
      1040 Acoma S Blvd, Lake Havasu City, AZ 86406-8546
      View Details
    • Value Estimation by Request
      1.44 Acres

      2660 Sweetwater Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 1.44 Acres
      2660 Sweetwater Ave, Lake Havasu City, AZ 86406-8594
      View Details
    • Value Estimation
      $2,100,000
      2,943 SF

      1732 Mcculloch S Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,943 SF
      1732 Mcculloch S Blvd, Lake Havasu City, AZ 86406-8845
      View Details
    • Value Estimation
      $1,580,000
      2,996 SF

      3569 Mcculloch N Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,996 SF
      3569 Mcculloch N Blvd, Lake Havasu City, AZ 86406-4118
      View Details
    • Value Estimation
      $2,170,000
      3,316 SF

      3618 Jamaica S Blvd

      CONVENIENCE STORE • 3,316 SF
      3618 Jamaica S Blvd, Lake Havasu City, AZ 86406-4136
      View Details
    • Value Estimation by Request
      0.30 Acres

      3550 Sweetwater Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.30 Acres
      3550 Sweetwater Ave, Lake Havasu City, AZ 86406
      View Details

    Similar Nearby for Sale

    • $350,000
      0.37 Acres

      Highway Exposure Commercial Lot

      Prime commercial lot with high visibility on Highway 95.
      3161 Maricopa Ave, Lake Havasu City, AZ 86406
      View Details
    • $775,000
      3,007 SF

      Remodeled Commercial Property with Highway Frontage

      Turnkey commercial property with highway frontage and exceptional visibility.
      2818 Sweetwater Ave, Lake Havasu City, AZ 86406
      View Details
    • New
      $160,000
      1,040 SF

      Commercial Property in Lake Havasu

      Commercial property with rental income in Lake Havasu City.
      3400 Sweetwater Ln, Lake Havasu City, AZ 86406
      View Details
    • $1,395,000

      High Traffic Area Land Parcel

      Land suitable for truck stop or industrial manufacturing development.
      Havasu City Lake Cir, Lake Havasu City, AZ 86406
      View Details
    • $239,000
      0.38 Acres

      Residential Estates Vacant Lot

      Vacant lot in a desirable Lake Havasu City neighborhood.
      2405 Demaret Dr, Lake Havasu City, AZ 86406
      View Details
    • $775,000
      0.15 Acres

      Lake Havasu City Homesite

      Homesite with lake views in Marina View neighborhood.
      2258 Harbor Way, Lake Havasu City, AZ 86406
      View Details

    Similar Nearby for Lease

    • New
      $3,500 /Mo
      Pending

      Remodeled Commercial Space with Highway Frontage

      Turnkey commercial space with highway frontage and exceptional visibility.
      2818 Sweetwater Ave, Lake Havasu City, AZ 86406
      View Details
    • $3,315 /Mo
      1,812 SF

      Retail Space in Basha's Center

      Retail space in high-traffic shopping center off Hwy 95.
      3269 Maricopa Ave, Lake Havasu City, AZ 86406
      View Details
    • $3,843 /Mo
      73,833 SF

      Retail Space in Basha's Center

      Retail space in high-traffic Basha's Shopping Center off Hwy 95.
      3269 Maricopa Ave, Lake Havasu City, AZ 86406
      View Details
    • $2,200 /Mo
      3,300 SF

      Retail Space in Basha's Center

      Retail space in high-traffic shopping center off Hwy 95.
      3269 Maricopa Ave, Lake Havasu City, AZ 86406
      View Details
    • $1.83 SF/Yr
      6,300 SF

      Lake Havasu City Retail Space

      High-traffic retail/office space available.
      3269 Maricopa Ave, Lake Havasu City, AZ 86406
      View Details
    • $515 /Mo
      600 SF

      Lake Havasu City Storage Unit

      15x40 storage unit for rent, convenient location near Riviera Launch.
      3204 Sweetwater Ave, Lake Havasu City, AZ 86406
      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.
    2890 Jamaica S Blvd
    Lake Havasu City, AZ 86406-7706
    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.
    Sign Up Successful!
    You now have access to more from Realmo!