1491 Palma RdBullhead City, AZ 86442

Property Details for 1491 Palma Rd

Year built

2008

Construction

STEEL FRAME

Lot size

0.69 AC

Property size (Sq ft)

5,797 SF

Property type

Office buildings

APN

214-24-020A

APU

21424020A

Description

This exceptional commercial property, located at 1491 Palma Rd, Bullhead City, AZ 86442, offers 5,920 square feet of versatile office space across two buildings. The property boasts nine individual suites, ranging in size to accommodate various business needs, and can be combined for larger tenants. Built in 2008 and renovated in 2023, the property features 33 dedicated parking spaces and benefits from over 200 feet of high-visibility frontage on Palma Road. Its strategic location provides easy access to Highway 95, connecting Las Vegas, Laughlin, Bullhead City, and I-40. The 0.69-acre lot is zoned C2 (General Commercial), making it suitable for a variety of uses, including medical, dental, professional services, or retail. The asking price is $999,000, with a price per square foot of $168.75. Nearby amenities include Chase Bank, Harbor Freight, restaurants, and other businesses. This property presents a unique opportunity to establish a business in a thriving area with high traffic and excellent visibility. The net rentable square footage is 5,872 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,553,255

  6.5%

  $1,433,774

  7%

  $1,331,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,161,429

  Geo Method

  $1,161,429

• Alternative Use

  Use

  Valuation

  Residential

  $1,777,880

  Hospitality

  $1,628,528

  Educational

  $1,354,917

  Medical

  $1,401,514

  Retail

  $2,107,648

Location Insight

City

Bullhead City

County

Mohave

State

Arizona

Latitude

35.1157

Longitude

-114.601

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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