RV Park With Storage
For Sale
$220,000
3493 Heights Blvd, Lake Havasu City, AZ 86404
2022 RV park with full-hookup sites, recreational amenities, and enclosed storage buildings with attached covered parking.
Property Size2,000 SF
Price / SF$110
Days on Market231
Property Features for 3493 Heights Blvd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
General Commercial
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Amenities
general store
laundromat
pull-through wash station
propane and fuel station
swimming pool
spa
restrooms
showers
golf driving range
pickle ball court
basketball court
kids park
dog exercise area
3
75x75
Building Details
Year Built
2022
Construction
steel
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
APX Real Estate Group · License #SA639521000
(928) 298-3656
Source:
Xome
Added: Jan 15
Changed: Sep 2
Last Checked: Sep 2 at 3:11PM
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.
Built in 2022, this RV park combines full-hookup sites with enclosed storage buildings and attached covered RV ports. Each site measures 75' x 75' and includes an individual utility pedestal with sewage runoff provisions. The buildings measure 20' x 50' and sit on 5-inch, 3,000 PSI concrete pads. They feature insulated steel construction, 16' x 14' insulated overhead doors with electric operators, and attached 20' x 50' RV ports suitable for covered outdoor storage.
On-site amenities include a general store, laundromat, pull-through wash station, propane and fuel station, swimming pool, spa, restrooms, showers, golf driving range, pickleball court, basketball court, children's play area, and dog exercise area. Optional interior additions include climate control, work benches, tool chests, car lifts, Wi-Fi, Bluetooth speakers, televisions, seating, refrigerators, dart boards, foosball tables, and pub-style tables.
On-site amenities include a general store, laundromat, pull-through wash station, propane and fuel station, swimming pool, spa, restrooms, showers, golf driving range, pickleball court, basketball court, children's play area, and dog exercise area. Optional interior additions include climate control, work benches, tool chests, car lifts, Wi-Fi, Bluetooth speakers, televisions, seating, refrigerators, dart boards, foosball tables, and pub-style tables.
Key Highlights
- 2022‑built RV park with enclosed storage buildings and attached covered RV ports
- 75' x 75' RV sites with individual utility pedestals, full hookups, and sewage runoff provisions
- 20' x 50' enclosed steel buildings on 5‑inch, 3,000 PSI concrete pads
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
$19,410
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
8.82%
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%
$388,200
$388.2K
Cap Rate 7%
$277,286
$277.3K
Cap Rate 9%
$215,667
$215.7K
Market Conditions
NOI Build-Up for 2,000 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
$25.9K $12.96/SF
− Vacancy
−$3.1K −$1.54/SF
EGI
$22.8K $11.42/SF
− OpEx
−$3.4K −$1.71/SF
NOI
$19.4K $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%
$388,200
Cap Rate 7%
$277,286
Cap Rate 9%
$215,667
Alternative Uses
Best Use
Warehouse
$277.3K
$242.6K – $323.5K
NOI $19,410 @ 7.0% cap · market cap 8.82%
Second Best
Self Storage
$265.0K
$231.8K – $309.1K
NOI $18,547 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 2022 RV park with full-hookup sites, recreational amenities, and enclosed storage buildings with attached covered parking.
Where is this mobile home & rv park located?
The property is located at 3493 Heights Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2022‑built RV park with enclosed storage buildings and attached covered RV ports; 75' x 75' RV sites with individual utility pedestals, full hookups, and sewage runoff provisions; 20' x 50' enclosed steel buildings on 5‑inch, 3,000 PSI concrete pads
