Climate-Controlled Storage
New
For Sale
$185,000
3493 E Heights Blvd #62, Lake Havasu City, AZ 86404
A gated storage property includes a private covered area and an existing interior tenant.
Property Size1,750 SF
Price / SF$105.71
Days on Market7
Property Features for 3493 E Heights Blvd #62
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Commercial
Warehouse & Industrial
Conditioned Warehouse
Yes
Self-Storage Units
1
Additional Details
Outdoor Storage
Yes
Tenant in Place
Yes
Property Use
Self Storage
Building Details
Year Built
2021
Listing Agency:
eXp Realty
Listed By:
Team Rdp · License #trdp
(928) 225-3375
Source:
Havasuazliving
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 30 at 11:29AM
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
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Investment Insights
Based on property information with market context.
Built in 2021, this self-storage unit has an enclosed 20-by-50-foot interior with epoxy flooring and a mini-split system. A separate covered lean-to, also measuring 20 by 50 feet, provides additional sheltered space. The unit is located within a gated development outside Lake Havasu City. An interior tenant currently occupies the space and may remain; the unit can also serve an owner seeking storage.
Key Highlights
- Enclosed storage space measures 20' x 50'
- Separate covered lean‑to measures 20' x 50'
- Interior has epoxy flooring and a mini‑split system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,984
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,680
$339.7K
Cap Rate 7%
$242,629
$242.6K
Cap Rate 9%
$188,711
$188.7K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$22.7K $12.96/SF
− Vacancy
−$2.7K −$1.54/SF
EGI
$20.0K $11.42/SF
− OpEx
−$3.0K −$1.71/SF
NOI
$17.0K $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 Rate 5%
$339,680
Cap Rate 7%
$242,629
Cap Rate 9%
$188,711
Alternative Uses
Best Use
Warehouse
$242.6K
$212.3K – $283.1K
NOI $16,984 @ 7.0% cap · market cap 9.18%
Second Best
Self Storage
$231.8K
$202.9K – $270.5K
NOI $16,229 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$390.7K
$341.9K – $455.8K
NOI $27,350 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - A gated storage property includes a private covered area and an existing interior tenant.
Where is this self storage facility located?
The property is located at 3493 E Heights Blvd #62 Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Enclosed storage space measures 20' x 50'; Separate covered lean‑to measures 20' x 50'; Interior has epoxy flooring and a mini‑split system
