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    Riverbound RV Park Getaway Title is generated by Realmo AI

    3493 E Heights Blvd, Lake Havasu City, AZ 86404

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    Claim this Listing
    Pending
    $198,500

    COMMERCIAL - Lake Havasu City, AZ

    Property size:
    1,750 SF
    Lot size:
    0.13 Acres
    Added:
    Nov 15, 2025
    Days on Market:
    187
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for 3493 E Heights Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security Lighting
    Fencing
    Chain Link
    Standard status
    Pending
    APN
    120-08-009-2
    Size
    1,750 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Ductless (Heating)
    Cooling system
    Ductless, Zoned
    Water source
    Well

    Building Details

    Year built
    2020
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Team RDP

    Listing agent Team RDP

    Listing office eXp Realty 2000 McCulloch Blvd N Suite 101, Lake Havasu City, AZ

    Listing date Nov 15, 2025

    MLS# 1038146

    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.

    HighLights

    • Enjoy resort amenities including pool, spa, pickleball, basketball, putting greens, dog park, and driving range.
    • Spacious unit features a loft, epoxy floors, A/C, new stackable washer/dryer, laundry sink, ceiling fans, and alarm system.
    • Full RV hookups and ample space for boat, toys, or workshop.
    • Private gate access to the patio area and proximity to the Riverbound General Store.
    • Secure, finished space built in 2021 with steel frame construction.
    • 15‑ft awning extending the living area outdoors.

    Overview

    Located in Riverbound RV Park & Resort, this unit offers a personal desert getaway. Situated just behind the Riverbound General Store, Unit 2 features a private gate leading to the patio area. The interior boasts a spacious layout with a loft for additional storage or lounge space, epoxy floors, air conditioning, a new stackable washer and dryer, a convenient laundry sink, ceiling fans, an alarm system, and a deluxe full bathroom. A 15-foot awning extends the living area outdoors, providing shade and full RV hookups. The property provides ample room for boat, toys, or a workshop setup within a secure, finished space. Residents can enjoy resort amenities such as a pool, spa, pickleball, basketball, putting greens, a dog park, a playground, and a driving range. The property size is 1750 square feet and the lot size is 0.13 acres.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $135.4K
    NOI $12,186 @ 9.00% cap · cautious / downside scenario
    Moderate
    $174.1K
    NOI $12,186 @ 7.00% cap · market / base-case scenario
    Aggressive
    $243.7K
    NOI $12,186 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $23.5k $13.44
    − Vacancy −$1.4k −$0.78
    EGI $22.2k $12.66
    − OpEx −$10.0k −$5.70
    NOI $12.2k $6.96
    1,750 SF · lease $13.44/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $174.1K
    $152.3K – $203.1K (±1% cap)
    NOI $12,186 @ 7.0% cap · market cap 6.14%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $390.7K
    $341.9K – $455.8K (±1% cap)
    NOI $27,350 @ 7.0% cap · market cap 13.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RxRV LLC Auto Repair Shop Riverbound Rv Park Gas Station Riverbound Custom Storage ... Campground & RV Park Advance Electric Electrical Service

    Suggested Use

    Hair Salon Auto Repair Shop Auto Parts Store Bar & Pub Car Rental Facility Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.297165
    Latitude
    34.662467

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    FAQs

    What type of property is this?
    Mobile home & RV park - Desert getaway with resort amenities and RV hookups.
    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 $198,500.
    What are key features of this property?
    This property features: Enjoy resort amenities including pool, spa, pickleball, basketball, putting greens, dog park, and driving range.; Spacious unit features a loft, epoxy floors, A/C, new stackable washer/dryer, laundry sink, ceiling fans, and alarm system.; Full RV hookups and ample space for boat, toys, or workshop.
    (928) 225-3375
    We can help!
    Listing Contact
    Team RDP
    Learn More
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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.

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