Mixed-Use Property with RV
For Sale
$449,900
3493 E Heights Blvd Unit 53, Lake Havasu City, AZ 86404
Entertainment-focused quarters include a kitchen, bath, loft, appliances, and flexible storage space.
Property Size4,000 SF
Price / SF$112.48
Days on Market72
Property Features for 3493 E Heights Blvd Unit 53
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Building Details
Year Built
2021
Listing Agency:
eXp Realty
Listed By:
Team RDP
(928) 225-3375
Source:
Lakehavasuareahomesearch
Added: Jun 24
Changed: Sep 2
Last Checked: Sep 1 at 8:01PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 2021 mixed-use property is configured within a 50-by-20 garage unit with an expansive second-story loft. The interior includes a full kitchen with dishwasher, stove, farmhouse sink, butcher block countertops, and laminate flooring, along with a bathroom featuring a marble-and-glass shower surround and bidet toilet seat. Ceiling fans, a fireplace, LED stair lighting, tinted glass garage doors, and a wall-mounted TV setup add to the finished interior package. Stainless steel washer, dryer, and refrigerator convey with the property.
Two 20-foot side awnings provide covered outdoor space and are equipped with full RV hookups. The exterior also includes paver areas, grass, and a pond with a water feature. Additional interior storage is provided by ample closets and the full-length loft.
Two 20-foot side awnings provide covered outdoor space and are equipped with full RV hookups. The exterior also includes paver areas, grass, and a pond with a water feature. Additional interior storage is provided by ample closets and the full-length loft.
Key Highlights
- 2021 construction with 50‑by‑20 garage unit footprint
- Full kitchen with dishwasher, stove, farmhouse sink, and butcher block countertops
- Full‑length second‑story loft for storage or additional usable 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
$35,100
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
7.80%
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%
$702,000
$702.0K
Cap Rate 7%
$501,429
$501.4K
Cap Rate 9%
$390,000
$390.0K
Market Conditions
NOI Build-Up for 4,000 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
$62.4K $15.60/SF
− Vacancy
−$6.2K −$1.56/SF
EGI
$56.2K $14.04/SF
− OpEx
−$21.1K −$5.27/SF
NOI
$35.1K $8.77/SF
Area
Mohave County, AZ
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
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%
$702,000
Cap Rate 7%
$501,429
Cap Rate 9%
$390,000
Alternative Uses
Best Use
Mixed Use
$501.4K
$438.8K – $585.0K
NOI $35,100 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$893.1K
$781.4K – $1.04M
NOI $62,515 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Entertainment-focused quarters include a kitchen, bath, loft, appliances, and flexible storage space.
Where is this mixed-use property located?
The property is located at 3493 E Heights Blvd Unit 53 Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2021 construction with 50‑by‑20 garage unit footprint; Full kitchen with dishwasher, stove, farmhouse sink, and butcher block countertops; Full‑length second‑story loft for storage or additional usable space
