RV Park With Enclosed Storage
For Sale
$189,900
3493 E Heights Blvd, Lake Havasu City, AZ 86404
Commercial Sale, Lake Havasu City, AZ
Property Size2,000 SF
Lot Size0.13 Acres
Price / SF$94.95
Days on Market156
Property Features for 3493 E Heights Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-C-2 General Commercial
Subdivision
Lake Havasu City
Directions
AZ-95 to E. Heights Blvd. Just 5 minutes from I-40, and 12 minutes from Lake Havasu State Park.
Standard status
Active
APN
120-08-008-14
Size
2,000 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9551
Amenities
general store
propane/fuel station
swimming pool
spa
restrooms
showers
golf driving range
pickle ball court
basketball court
kids park
dog exercise area
washer/dryer
Building Details
Year built
2022
Number of units
1
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
APX Real Estate Group
(928) 298-3656
Added: Apr 2
Changed: Aug 19
Last Checked: Sep 4 at 5:06AM
MLS# 1040190
Copyright © 2026 Lake Havasu Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This RV park property includes a 75' x 75' site with full-hookup utility provisions, individual utility pedestals, and individual sewage runoff. The associated 2,000-square-foot storage building was completed in 2022 and features a 20' x 50' enclosed interior, a 5" concrete pad rated at 3,000 PSI, reinforced fiberglass insulation, and a 16' x 14' insulated steel overhead door with electric operation. An attached 20' x 50' RV port provides covered exterior space and may accommodate outdoor storage.
Shared amenities at the community include a general store, propane and fuel station, swimming pool and spa, restrooms, showers, golf driving range, pickleball court, basketball court, children’s play area, and dog exercise area. A new washer and dryer is included with the unit.
Shared amenities at the community include a general store, propane and fuel station, swimming pool and spa, restrooms, showers, golf driving range, pickleball court, basketball court, children’s play area, and dog exercise area. A new washer and dryer is included with the unit.
Key Highlights
- 75' x 75' RV site with full‑hookup utility provisions and individual sewage runoff
- 2,000‑square‑foot storage building completed in 2022
- 20' x 50' enclosed building with attached 20' x 50' RV port
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,927
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,540
$278.5K
Cap Rate 7%
$198,957
$199.0K
Cap Rate 9%
$154,744
$154.7K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.9K $13.44/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$25.3K $12.66/SF
− OpEx
−$11.4K −$5.70/SF
NOI
$13.9K $6.96/SF
Area
Mohave County, AZ
Vacancy
5.80%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,540
Cap Rate 7%
$198,957
Cap Rate 9%
$154,744
Alternative Uses
Best Use
Apartment 5plus
$199.0K
$174.1K – $232.1K
NOI $13,927 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 86404, AZ
18,312
Population
11,503
Households
1.6
Avg Household Size
59
Median Age
19%
College-Educated
93%
High-School Grad
161.8 sq mi
ZIP Area
113
Density / Sq Mi
$67,528
Median Household Income
$37,160
Median Earnings
$1,352
Median Rent
$421,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - The property combines full-hookup RV accommodation with an enclosed, insulated storage building.
Where is this mobile home & rv park located?
The property is located at 3493 E Heights Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 75' x 75' RV site with full‑hookup utility provisions and individual sewage runoff; 2,000‑square‑foot storage building completed in 2022; 20' x 50' enclosed building with attached 20' x 50' RV port
