Upgraded Warehouse Unit With
For Sale
$278,000
3493 Heights Blvd, Lake Havasu City, AZ 86404
Commercial Sale, Lake Havasu City, AZ
Property Size2,000 SF
Lot Size0.13 Acres
Price / SF$139
Days on Market159
Property Features for 3493 Heights Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-C-2 General Commercial
Security features
Security Lighting
Subdivision
Lake Havasu City
Directions
AZ-95 to E. Heights Blvd. Just 5 minutes from I-40, and 12 minutes from Lake Havasu State Park and Windsor Boat Ramp.
Standard status
Active
APN
120-08-009-09
Size
2,000 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Sewer type
Septic Tank
Heating system
Ductless (Heating), Electric (Heating)
Cooling system
Electric, Zoned, Ductless
Amenities
pool and spa
dog park
pickleball and basketball courts
playground
putting greens
golf range
on site store
20 ft awning with full RV hookups
Building Details
Year built
2022
Number of units
1
Flooring type
Carpet - Full, Concrete
Building materials
Steel Frame, Vertical Siding
Roof type
Metal
Listing Agency:
eXp Realty
(928) 706-4200
Listed By:
Team RDP
(928) 225-3375
Added: Mar 18
Changed: Aug 20
Last Checked: Aug 23 at 4:06AM
MLS# 1039949
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.
Built in 2022, this 2,000-square-foot warehouse unit occupies a 0.13-acre site and is constructed with a steel frame and vertical siding. Interior improvements include epoxy-finished concrete floors, finished walls, ductless mini-split heating and cooling, a ceiling fan, full bathroom, built-in cabinetry, countertops, backsplash, microwave, kitchen sink, and full-size stainless refrigerator. A steel loft with diamond plate stairs and wall-to-wall carpet provides additional interior area. The property also includes a private roll-up door, 20 ft awning, full RV hookups, television, and alarm system.
The unit is positioned in the front row and backs to open desert. Community amenities include a pool and spa, dog park, pickleball and basketball courts, playground, putting greens, golf range, and on-site store. The property is served by a septic tank and has a metal roof.
The unit is positioned in the front row and backs to open desert. Community amenities include a pool and spa, dog park, pickleball and basketball courts, playground, putting greens, golf range, and on-site store. The property is served by a septic tank and has a metal roof.
Key Highlights
- 2,000 square feet on a 0.13‑acre site
- Built in 2022 with steel frame construction and vertical siding
- Steel loft with diamond plate stairs and wall‑to‑wall carpet
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
6.98%
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 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- RiverBound — AZ-95, Lake Havasu City, AZ 86404
- Riverbound Custom Storage & RV Park — 3493 E. Heights Blvd, Lake Havasu City, AZ 86404
Frequently Asked Questions
What type of property is this?
Warehouse - The unit includes private roll-up access, ductless climate control, and a full bathroom.
Where is this warehouse 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 $278,000.
What are key features of this property?
This property features: 2,000 square feet on a 0.13‑acre site; Built in 2022 with steel frame construction and vertical siding; Steel loft with diamond plate stairs and wall‑to‑wall carpet
