Self-Storage Unit with Garage
For Sale
$85,000
C11-1940 Kiowa Blvd N, Lake Havasu City, AZ 86403
The unit includes a full garage door opener with keypad access.
Property Size520 SF
Price / SF$163.46
Days on Market18
Property Features for C11-1940 Kiowa Blvd N
General Information
Standard status
Active
Size
520 SF
Additional Details
Warehouse Space
520 SF
Taxes and HOA fees
Annual Taxes
$359
Listing Agency:
Keller Williams Arizona Living Realty
(928) 486-0227
Listed By:
Daniel Baker · License #SA703456000
(928) 486-0227
Source:
Exprealty
Added: Aug 6
Changed: Aug 20
Last Checked: Aug 23 at 6:21AM
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 Keller Williams Arizona Living Realty
Investment Insights
Based on property information with market context.
This self-storage offering includes a deep 13-by-40-foot storage unit with a full garage door opener and keypad. The configuration provides enclosed storage with convenient vehicle access through the garage door.
The property is located at C11-1940 Kiowa Blvd N in Lake Havasu City, Arizona, minutes from the Windsor launch ramp and downtown Lake Havasu.
The property is located at C11-1940 Kiowa Blvd N in Lake Havasu City, Arizona, minutes from the Windsor launch ramp and downtown Lake Havasu.
Key Highlights
- 13‑by‑40‑foot deep storage unit
- Full garage door opener with keypad
- Minutes from Windsor launch ramp and downtown Lake Havasu
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
$5,047
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
5.94%
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%
$100,940
$100.9K
Cap Rate 7%
$72,100
$72.1K
Cap Rate 9%
$56,078
$56.1K
Market Conditions
NOI Build-Up for 520 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
$6.7K $12.96/SF
− Vacancy
−$802 −$1.54/SF
EGI
$5.9K $11.42/SF
− OpEx
−$891 −$1.71/SF
NOI
$5.0K $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 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%
$100,940
Cap Rate 7%
$72,100
Cap Rate 9%
$56,078
Alternative Uses
Best Use
Warehouse
$72.1K
$63.1K – $84.1K
NOI $5,047 @ 7.0% cap · market cap 5.94%
Second Best
Self Storage
$68.9K
$60.3K – $80.4K
NOI $4,822 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$116.1K
$101.6K – $135.5K
NOI $8,127 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 86403, AZ
17,787
Population
11,604
Households
1.5
Avg Household Size
53
Median Age
18%
College-Educated
89%
High-School Grad
11.0 sq mi
ZIP Area
1,617
Density / Sq Mi
$57,531
Median Household Income
$33,368
Median Earnings
$1,152
Median Rent
$313,300
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?
Self storage facility - The unit includes a full garage door opener with keypad access.
Where is this self storage facility located?
The property is located at C11-1940 Kiowa Blvd N Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: 13‑by‑40‑foot deep storage unit; Full garage door opener with keypad; Minutes from Windsor launch ramp and downtown Lake Havasu
