For Sale
$82,000
1964 Centers Ave, Lake Havasu City, AZ 86403
RV storage facility with security features and convenient amenities.
Property Size520 SF
Lot Size0.01 Acres
Price / SF$157.69
Days on Market159
Property Features for 1964 Centers Ave
General Information
Standard status
Active
Property type
Self storage facilities, Industrial properties, Commercial real estate, Other industrial properties
Size
520 SF
Lot size
0.01 Acres
Building Details
Year Built
2004
Listed By:
Pamela
(928) 412-3747
Added: May 14
Changed: Jul 15
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Review the available facts, identify missing information and prepare questions for the agent.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,822
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$96,440
$96.4K
Cap Rate 7%
$68,886
$68.9K
Cap Rate 9%
$53,578
$53.6K
Market Conditions
NOI Build-Up for 520 SF
Gross rent
$7.5K $14.40/SF
− Vacancy
−$599 −$1.15/SF
EGI
$6.9K $13.25/SF
− OpEx
−$2.1K −$3.97/SF
NOI
$4.8K $9.27/SF
Area
Mohave County, AZ
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$96,440
Cap Rate 7%
$68,886
Cap Rate 9%
$53,578
Alternative Uses
Best Use
Self Storage
$68.9K
$60.3K – $80.4K
NOI $4,822 @ 7.0% cap · market cap 5.88%
Second Best
Industrial
$59.4K
$52.0K – $69.3K
NOI $4,156 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$116.1K
$101.6K – $135.5K
NOI $8,127 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 86403, AZ
17,787
Population
11,604
Households
1.5
Avg Household Size
53
Median Age
18%
College-Educated
89%
High-School Grad
11.0 sq mi
ZIP Area
1,617
Density / Sq Mi
$57,531
Median Household Income
$33,368
Median Earnings
$1,152
Median Rent
$313,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - RV storage facility with security features and convenient amenities.
Where is this self storage facility located?
The property is located at 1964 Centers Ave Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $82,000.
