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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3585 Maricopa Ave Lake Havasu City, AZ 86406-9113

    • Auto shops
    • 2,634 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1276937
    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

    • SK Motorsports Havasu / Auto Repair Shop
    • Morphic Industries Offroad Llc / Car Dealership

    Property Details for 3585 Maricopa Ave

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    0.29 lot acres
    Property size
    2,634 SF
    Property type
    Auto shops
    APN
    114-06-172
    APU
    11406172

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $516,000
      Market price range: $242k - $774k
      AI Estimate
      $516,000
      Market price range: $242k - $774k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.266
    Latitude
    34.4541
    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
    $3,883
    $0.00
    $0.00
    $77,764
    -
    $91,528
    $340,496
    $432,024

    Comparable in this City

    • Value Estimation by Request
      1,662 SF

      2801 Maricopa Ave

      AUTO REPAIR, GARAGE • 1,662 SF
      2801 Maricopa Ave, Lake Havasu City, AZ 86406-8514
      View Details
    • Value Estimation by Request
      2,800 SF

      3521 Mcculloch N Blvd

      AUTO REPAIR, GARAGE • 2,800 SF
      3521 Mcculloch N Blvd, Lake Havasu City, AZ 86406-4118
      View Details
    • Value Estimation
      $760,000
      1,481 SF

      1731 Mcculloch S Blvd

      AUTO REPAIR, GARAGE • 1,481 SF
      1731 Mcculloch S Blvd, Lake Havasu City, AZ 86406-8847
      View Details
    • Value Estimation
      $2,830,000
      5,000 SF

      1041 Acoma S Blvd

      AUTO REPAIR, GARAGE • 5,000 SF
      1041 Acoma S Blvd, Lake Havasu City, AZ 86406-8505
      View Details
    • Value Estimation
      $535,000
      3,745 SF

      1740 Mcculloch S Blvd

      AUTO REPAIR, GARAGE • 3,745 SF
      1740 Mcculloch S Blvd, Lake Havasu City, AZ 86406-8801
      View Details
    • Value Estimation by Request
      3,813 SF

      2700 Sweetwater Ave

      AUTO REPAIR, GARAGE • 3,813 SF
      2700 Sweetwater Ave, Lake Havasu City, AZ 86406-8501
      View Details

    Similar Nearby for Sale

    • $1,395,000

      High Traffic Area Land Parcel

      Land suitable for truck stop or industrial manufacturing development.
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      Land with lake, mountain, and landscape views in Havasu Riviera.
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      Land in Exclusive Lake Community

      Luxurious land in a gated Lake Havasu City community.
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    • $700,000
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      View Lot in Havasu Riviera

      Desirable view lot with approved plans in Havasu Riviera.
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    • $600,000
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      Walk-out lot with lake and mountain views in gated community.
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      Lake Havasu City Land

      Exclusive gated community land with desert, lake, and mountain views.
      2980 Plz, Lake Havasu City, AZ 86406
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    Similar Nearby for Lease

    • $3,500 /Mo
      3,007 SF

      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
    • $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
    • $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
    • $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
    • $1,235 /Mo

      Modern Apartment with Covered Parking

      Contemporary apartment featuring stainless steel appliances and assigned covered parking.
      3556 Kearsage Dr, Lake Havasu City, AZ 86406
      View Details
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    Lake Havasu City, AZ 86406-9113
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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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