It's Fall on the Beautiful Colorado River and that means some crisp windy days to go with the sunshine! Luna got a new windbreaker in her favorite pink, and we set out to see some Sunday sights...
You might think the poor pooch is disgusted when her crazy human insists on babe-ing her out like this.
Nope. She LOVES to dress up and go out. Because she KNOWS it means she's going out to see all her friends.
Luna's taught me all the right things to know about social networking:
Smile at everyone.
Make the first move.
Don't take it personally if not everyone loves you.
And be kind to critters both bigger and smaller...
In recent years, it was prohibitively costly to buy commercial land in Fort Mohave or Bullhead City, AZ.
The best deals were in terrible locations.
That changed dramatically as our Bullhead City AZ commercial real estate market corrected and building went on life support.
However, building has ALREADY picked up in town (new buildings in Bullhead City for Goodwill Industries, Automobile Consulting Services, and Fort Mohave with Chase Bank, CVS pharmacy and others).
Still, buyers who act decisively can enjoy these tasty treats from the 'salad days' of bargain-priced commercial and residential land for building, leasing or investment in Bullhead City and Fort Mohave, Arizona along the beautiful Colorado River:
2701 Highway 95, Bullhead City AZ 86442:
Corner C-2H zoned Highway 95 .32 acre parcel in Bullhead City with a PERFECT location, near law offices, shopping, services, restaurants and WalMart SuperCenter. Level and ready to build--or invest while prices are nice!
Offered at $189,900
4100 Highway 95, Fort Mohave AZ 86426:
VERY affordable Fort Mohave parcel with over 6500 SF to build on, good proximity to the Bullhead Parkway, Target Center and the brand new CVS Pharmacy and a Highway 95 address. Build, lease or invest for later!
Offered at $49,900
1632-1638 Shamrock Rd, Bullhead City AZ 86442:
OWNER WILL CARRY on these two contiguous multi family zoned land parcels. 6 units total density,1/3 acre fenced with all utilities including city sewer available. In the heart of Bullhead City, one block off Highway 95, this location is near Hastings Books, Buffalo Wild Wings, Tri State Orthopedic, more medical and shopping and just blocks to the Colorado River, you won't see a better opportunity to build units for rental or resale.
Offered at $70,000
1273 Camp Mohave Rd, Fort Mohave AZ 86426:
This is a rare availability for a 2.37 acre Fort Mohave horse property parcel zoned Ag-Res. Awesome location west of Highway 95, near the Avi Casino and a very short distance to the tribally owned land along the Colorado River. High end custom ranch homes will be your neighbors. Site built or manufactured home is OK.
Offered at $189,900
HOW CAN WE HELP YOU?
McCaa's is a motorcycle machine shop and showroom in Fort Mohave, AZ 86426. They've been in town a few years, hailing originally from Southern CA like most of us.
Their 5,000 sq. ft. Fort Mohave facility includes a CNC machine shop, full custom engine building, repair and upgrades for early to late model V-twin motorcycles. 1,000 sq. ft. showroom of apparel and riding accessories. They are open 7 days a week.
McCaa's throws quite the Saturday afternoon party . . . where else in Fort Mohave can you enjoy free live music from local bands like Double Cross, booths with swag, food and refreshment? Each time, the turnout seems a little bigger. It's right in the center of town, neatly tucked away from Highway 95 by a frontage road.
It's pretty fun to take the pooch out walking and hear the band cranking out Lynyrd Skynyrd and Grand Funk as we approach.
With the weather ideal mid-upper 80s, it is the perfect Saturday afternoon, as we meander about to take in the smiling faces (people are fun and friendly down here) and the gorgeous bikes!
If you're heading South on Highway 95 in Fort Mohave, turn Left at Aztec Road where Safeway and Smith's centers are. Take the first quick right down the frontage street past Palace Pawn and AutoZone, to the end. Veer left past Indy Auto and there's McCaa's on the right in one of the two new green buildings.
(Call them first to see when their next jam is)
Stop in sometime--and while you're in the neighborhood, text me to chat real estate ideas. I have some awesome Fort Mohave and Bullhead City commercial properties for sale listed nearby where you could give your business vision a successful form like Mister McCaa did.
Hey, it's walking distance. :)
There are several ways to calculate the market value of properties, of course, and particularly commercial properties. In any market, but especially the current commercial market it's critical to get that value right if we intend to find a principal!
Investors are most likely to be picking up commercial buildings right now, and their chief interest will be in two things:
Valuating using cap rate and an income approach to value will provide good starting points.
For a property that has been vacant longer than 3 months:
Determine market rents for the property. You may need to do a rent survey to find out what tenants are PAYING, because any rate can be asked and many are negotiated down.
This is not an easy step as the parties who have and know this information are often not available or willing to discuss the terms of their lease.
A chat with the leasing office for a large multi-unit property that is mostly occupied (meaning the rents are realistic) could be your next stop.
Then, search for properties listed for lease that are similar if possible. Take note of the ones that have languished on market--they are probably priced too high if they are good properties.
Figure out the likely (proforma) rent for a property that is not currently leased, erring on the side of conservatism.
For properties that have had steady tenants or are occupied now:
Determine the net operating income. Find out from your client what their expenses were when the property was rented, such as management, owner-paid utilities, taxes and insurance. If they don't have that information, find out what management rates are, utilities, taxes have been historically and typically.
Then find out from your client or again by researching active and leased properties what the cap rates are running for similar properties or property types.
If you divide the the annual net operating income by the cap rate, you should get a ballpark figure for value.
Example:
Building with 2000 SF of usable space (usually what rents are based on) has not been rented recently but market rents in the area are a dollar a square foot.
So 2000 a month, or 24,000 a year gross annual income.
Let's say the owner pays 15% a year in management, taxes and insurance on another similar property that is rented--or you find out that that is a fair figure.
Net operating income then is 24,000 minus 15% or 20,400 NOI.
You find that a reasonable cap rate is 6%. How? Just see what is consistent with similar properties. Cap rate is complicated and not based on the 'whole picture' such as vacancy rate, encumberance etc. But it measures risk and reward which is what we're after.
Divide 20,400 by 6% and we get 340,000--a good estimate of market value.
Of course, many factors must be considered as properties are unique.
It's not an exact science but it's not rocket science either . . .
If you want to go deeper into understanding commercial valuation, this is a good read from a long time commercial appraiser.
I HAD to get away for a bit . . . busy day and poor Luna needed a walkie and some fun. So we went to the 'puppy store' (our local Petsmart) and she had a little tete-a-tete with one of the guinea pigs . . .
Most of the critters are a little squeamish to see this sweet but formidable-looking face staring from the other side of the glass . . . and they usually scare off and hide.
But this little darling wanted to hang out and see what Lulu had to say . . .
I think they swapped cell numbers . . .
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Real Estate On The Beautiful Colorado River! Certified ePRO/Trainer. Certified Commercial RE Sales Specialist/Instructor. Ask for references--our clients will tell you why!
My home town is Pasadena, California.
I was educated in Psychology at Fullerton College, in Communications at Chaffey College and in Theatre at California State University, San Bernardino.
From 1979-97 I was a Southern California radio air personality. (I currently have 2 globally broadcast Internet radio shows on www.BounceRadio.net )
I've lived in the Bullhead City/Fort Mohave AZ/Laughlin NV area since 1993.
I'm in my 9th year as a REALTOR and my fifth as a Broker.
After receiving excellent real estate training at one of the best local independent companies, then moving on to an internationally known mega-office, I opened my own company in 2005.
I am the Owner/DB of Next Wave Real Estate Investments, LLC, located in Fort Mohave, AZ between Bullhead City and Mohave Valley.
And the pooch is Luna, my 3 year old Chow/Pit/Lab.
Why It's Real Estate Magic!
Real Estate e-Transaction Specialists (tm pending) . . . the e-Transaction is streamlined and efficient, enabling us to focus on providing excellent SERVICE and freeing YOU to enjoy your purchase or sale without the stress often associated with a real estate transaction.
We do our magic in the Bullhead City, Fort Mohave, Mohave Valley and outerlying areas of Northwestern AZ.
Organizations - Directorships - Designations And Certifications - Service Types
YADA YADA YADA
In 1983, Candice was bitten by the real estate 'bug' as a radio air personality broadcasting live from a new home development in Palm Springs, CA, although it would be nine years before she would act on it.
After attending college, university and radio broadcasting school in Southern CA, Candice taught Communications, Commercial Acting and Personal Development classes for four Los Angeles area modeling institutes and held onsite image development seminars for local businesses. Candice also spent ten (total 25+ years) as a top rated radio air personality in Southern California and Western Arizona. She appeared in two feature films and co-hosted six local telethons for the Muscular Dystrophy Association and United Cerebral Palsy.
Candice began her real estate career at a large property management firm in Orange County, CA where she learned the fundamentals of leasing, fair housing and representation.
In the mid 1990s, as a freelance writer and editor, part of Candice's job was to transmit copy online. As the Internet began to change how business was done globally, Candice picked up skills by joining online communities on AOL, Prodigy and other BBS as she worked for large east and west coast publishing houses from her Southwest home. Because of her online skills, she became a trusted colleague and valuable team member.
When Candice obtained her Arizona real estate license in 2001, her first order of business was to differentiate herself from competitors boasting neighborhood familiarity and years of experience. The obvious choice for Candice was to take her real estate business online, where she had a leaps-and-bounds advantage. Candice's first educational goal in real estate was to earn her ePro Certification in 2002. She quickly became well known in her Bullhead City, AZ market as 'the online REALTOR', designed a one-of-a-kind top local website and powered up her real estate business, closing over 80% of her transactions online and building a strong referral and client base in her first two years.
In 2004, Candice earned her broker's license and opened Next Wave Real Estate Investments in 2005. As Designated Broker, Candice employs only ePro Certified agents. A 'boutique' office, Next Wave thrives via referral business, much drawn from the thousands of agents with whom she has developed relationships over the past eight years.
Candice was instrumental in forming the Bullhead City/Mohave Valley Association of REALTORS inaugural Technology Committee, serving as Chair in 2006 and 2007. As an association Director, Candice is sought after for participation in task forces. She created the Association's first Orientation PowerPoint presentation. Candice teaches MLS Basic, Advanced and CMA courses for the Association.
In 2006, Candice earned her Certification as an ePro Trainer, incorporating ePro Technology Workshops into New Member Orientation and MLS courses offered by the Association.
In late 2006, after completing the course work for Commercial Sales Certification at the Commercial Real Estate Institute in Phoenix, Candice was invited to join the faculty as a Client Communications/Technology instructor and is approved by the Arizona Department of Real Estate as an instructor.
In early 2009, Candice was selected by the Bullhead City Mohave Valley Association of REALTORS to represent the Association as a member of the Western Arizona REALTOR Data Exchange (WARDEX) Board of Directors.
As a well known local broker, Candice is quick to lend a hand to members needing technology assistance.
An Interview With Candice For BOUNCE Radio's The Vibe Magazine:
Excerpts from an interview for 'The Vibe' Magazine December 2008 (The Vibe is published by www.BounceRadio.net where I broadcast two radio programs)
What is your favorite movie? I love silly, funny cool movies like The Fifth Element.
What is your favorite thing to do in your free time? Float on a raft on the Colorado River.
What was your first job? Sales clerk at a department store.
How did you get into radio? Trained at KiiS Radio Workshop, Hollywood CA and Daws Butler's Actor's and Writer's Workshop, Beverly Hills CA.
Which do you prefer, dogs or cats? Dogs
What the most treasured thing you own? My dog Luna
Who do you most admire? Richard Branson, for being such a fearless entrepreneurial risk-taker.
What is your favorite ice cream flavor? French Vanilla
What is your favorite music group or artist? I change all the time. Really. It depends on my mood.
What is your favorite drink: Non-Alcoholic: Water with lemon or lime.
Alcoholic: Really good tequila.
What is your favorite dance move? To drag someone who looks lonely out on the floor with me. 
If you could buy anything what would it be? More real estate!
What would you most like to change about yourself? To be able to sing better.
Mike Moloney has endorsed your work as Instructor at Commercial Real Estate Institute.
"Candice Donofrio is a great real estate instructor, particularly in the area of the use of 21st century technology in real esate practice. When you see her teaching, take the opportunity to attend. PS: SHe is also a terrific real estate broker along the Colorado River in Arizona."
"I have used Candice in the sale of two properties in Bullhead City, Arizona. On both occasions she demonstrated outstanding abilities in marketing, customer relations, negotiations, and most importantly (in my eyes) communications. I was never left wondering what was happening with the sales as she was constantly in touch either by telephone or e-mail. Furthermore, her tenacity, love of her work, and "Can Do" attitude, kept her abreast with the ever changing market place and she would have recommendations of new and innovative strategies for obtaining our goals. They all worked!!! Her vast knowledge and skills allowed the sales to move flawlessly through the system and close on time. As I still have property in Arizona, I would think of no other person to handle my investments." Joseph S. Natoli, McKenzie Bridge, Oregon ~ Investment Property Seller
"Candice: Chris and I . . . wanted to give you a Big THANK YOU for all you did for us. You are the best and truly represent whoever contracts with you. We appreciate all you did and wanted you to know that. Thanks Again, Susan" Susan and Chris Devlin~Mohave Valley Sellers
Candice, you are what got me through this and made it all work out. I thank you again. Sincerely,
Ron, WA (Desert Lakes Fort Mohave 1031 exchange homebuyer)
In California & the Northeast USA, to say DAMN,is a bad thing....But in Memphis,Kansas City,New Orleans, Daytona and other hip places... when you say DAAAMM... Thats a good thing...meaning, "Man, I am Impressed"..... To you Candice,I say...DAAMMM, Girl you are good... Thanks for all your hard work and attention to detail.....DAAAMM GIRL........
Rich, AZ (Desert Lakes Fort Mohave Homebuyer)
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CANDICE, I love the way you stay on top of things
HARRY
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