Boat Storage Unit with Tall
For Sale
$109,900
1080 London Bridge Rd B144, Lake Havasu City, AZ 86404
Gated recreational storage unit with surveillance cameras, shared shower facilities, and an RV dump station.
Property Size520 SF
Price / SF$211.35
Days on Market45
Property Features for 1080 London Bridge Rd B144
General Information
Standard status
Active
Size
520 SF
Amenities
shower room
RV dump station
surveillance cameras
Building Details
Year Built
2016
Listing Agency:
HomeSmart River Realty
Listed By:
Caroline Pope
(928) 706-4466
Source:
Havasurealty
Added: Jul 21
Changed: Aug 30
Last Checked: Sep 1 at 9:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart River Realty
Investment Insights
Based on property information with market context.
This self-storage unit provides 520 square feet arranged in a 13-foot-wide by 40-foot-deep configuration. A 14-foot-high door serves the unit, while the 60' drive aisle between buildings accommodates maneuvering for boats, vehicles, and recreational equipment. The property was built in 2016.
The gated complex includes surveillance cameras, a shower room, and an RV dump station. Windsor Beach launch ramp is less than a mile away, and nearby parts stores, gas stations, and mechanic shops support recreational vehicle and boat owners. The property is located at 1080 London Bridge Rd in Lake Havasu City, Arizona.
The gated complex includes surveillance cameras, a shower room, and an RV dump station. Windsor Beach launch ramp is less than a mile away, and nearby parts stores, gas stations, and mechanic shops support recreational vehicle and boat owners. The property is located at 1080 London Bridge Rd in Lake Havasu City, Arizona.
Key Highlights
- 520‑square‑foot self‑storage unit measuring 13 feet wide by 40 feet deep
- 14‑foot‑high door accommodates boats, vehicles, and recreational equipment
- 60' driveway between units provides maneuvering space
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
$5,047
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
4.59%
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%
$100,940
$100.9K
Cap Rate 7%
$72,100
$72.1K
Cap Rate 9%
$56,078
$56.1K
Market Conditions
NOI Build-Up for 520 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
$6.7K $12.96/SF
− Vacancy
−$802 −$1.54/SF
EGI
$5.9K $11.42/SF
− OpEx
−$891 −$1.71/SF
NOI
$5.0K $9.71/SF
Area
Mohave County, AZ
Vacancy
11.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
15.00%
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%
$100,940
Cap Rate 7%
$72,100
Cap Rate 9%
$56,078
Alternative Uses
Best Use
Warehouse
$72.1K
$63.1K – $84.1K
NOI $5,047 @ 7.0% cap · market cap 4.59%
Second Best
Self Storage
$68.9K
$60.3K – $80.4K
NOI $4,822 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$116.1K
$101.6K – $135.5K
NOI $8,127 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
492
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Gated recreational storage unit with surveillance cameras, shared shower facilities, and an RV dump station.
Where is this self storage facility located?
The property is located at 1080 London Bridge Rd B144 Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: 520‑square‑foot self‑storage unit measuring 13 feet wide by 40 feet deep; 14‑foot‑high door accommodates boats, vehicles, and recreational equipment; 60' driveway between units provides maneuvering space
