Self Storage Facility with RV
For Sale
$140,000
3204 Sweetwater Ave, Lake Havasu City, AZ 86406
Commercial Sale, Lake Havasu City, AZ
Property Size675 SF
Lot Size0.02 Acres
Price / SF$207.41
Days on Market52
Property Features for 3204 Sweetwater Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-C-2 General Commercial
Subdivision
Lake Havasu City
Directions
AZ-95 to Oro Grande Blvd. to Sweetwater Ave.
Standard status
Active
APN
114-48-024
Size
675 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
T13N R29W SEC 20 LUXELOCKER SWEETWATER AVE CONDOMINIUM UNIT B24
Tax Annual Amount
449
HOA Fee
$1,000 Annually
Legal Description
T13N R29W SEC 20 LUXELOCKER SWEETWATER AVE CONDOMINIUM UNIT B24
Amenities
state of the art monitored security systems
24/7 access
on-site restroom and shower
extra-wide drive aisles
wash area and dump station
Building Details
Year built
2024
Floors in Building
1
Number of units
1
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
APX Real Estate Group
(928) 298-3656
Added: Jul 2
Changed: Aug 19
Last Checked: Aug 22 at 8:06AM
MLS# 1041507
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.
Luxelocker Storage is a fully fenced and gated self storage facility with monitored security systems and 24/7 access. The property includes on-site restroom and shower amenities. Extra-wide drive aisles are designed to accommodate larger RVs and trailers, and the site features a wash area and dump station.
Located on the south side at 3204 Sweetwater Ave in Lake Havasu City, it is described as just minutes from the Riviera Launch Ramp.
One available unit, Unit B24, measures 15' wide by 45' deep. The unit includes a 14' door and a man door, providing practical access for both vehicle storage and everyday entry. The facility was built in 2024 and sits on a 0.02-acre lot.
Located on the south side at 3204 Sweetwater Ave in Lake Havasu City, it is described as just minutes from the Riviera Launch Ramp.
One available unit, Unit B24, measures 15' wide by 45' deep. The unit includes a 14' door and a man door, providing practical access for both vehicle storage and everyday entry. The facility was built in 2024 and sits on a 0.02-acre lot.
Key Highlights
- Fully fenced and gated facility with monitored security and 24/7 access
- On‑site restroom and shower
- Extra‑wide drive aisles sized for RVs and trailers
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
$6,551
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
4.68%
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%
$131,020
$131.0K
Cap Rate 7%
$93,586
$93.6K
Cap Rate 9%
$72,789
$72.8K
Market Conditions
NOI Build-Up for 675 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
$8.7K $12.96/SF
− Vacancy
−$1.0K −$1.54/SF
EGI
$7.7K $11.42/SF
− OpEx
−$1.2K −$1.71/SF
NOI
$6.6K $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%
$131,020
Cap Rate 7%
$93,586
Cap Rate 9%
$72,789
Alternative Uses
Best Use
Warehouse
$93.6K
$81.9K – $109.2K
NOI $6,551 @ 7.0% cap · market cap 4.68%
Second Best
Self Storage
$89.4K
$78.3K – $104.3K
NOI $6,260 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$150.7K
$131.9K – $175.8K
NOI $10,549 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 86406, AZ
24,935
Population
14,846
Households
1.7
Avg Household Size
57
Median Age
19%
College-Educated
94%
High-School Grad
244.5 sq mi
ZIP Area
102
Density / Sq Mi
$74,171
Median Household Income
$45,457
Median Earnings
$1,311
Median Rent
$434,700
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 - Fenced, gated storage with monitored security and 24/7 access, plus extra-wide drive aisles for RVs and trailers.
Where is this self storage facility located?
The property is located at 3204 Sweetwater Ave Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Fully fenced and gated facility with monitored security and 24/7 access; On‑site restroom and shower; Extra‑wide drive aisles sized for RVs and trailers
