RV Storage
For Sale
$74,900
C122-1025 Empire Dr, Lake Havasu City, AZ 86404
Secure storage ownership with gated access, surveillance, restroom facilities, showers, and a convenient dump station.
Property Size472 SF
Price / SF$158.69
Days on Market21
Property Features for C122-1025 Empire Dr
General Information
Standard status
Active
Size
472 SF
Taxes and HOA fees
Annual Taxes
$342
Amenities
Gated secure complex
Security camera surveillance
On-site trash receptacles
Restroom facilities
Showers
Convenient dump station
Listing Agency:
Paradise Sales & Management
Listed By:
Martin L. Standsberry
(928) 846-4330
Source:
Exprealty
Added: Aug 24
Changed: Sep 6
Last Checked: Sep 12 at 11:35AM
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 Paradise Sales & Management
Investment Insights
Based on property information with market context.
This self-storage condo provides approximately 472 square feet within a 13'6"-wide by 35'-deep unit. The configuration accommodates larger recreational vehicles, boats, vehicles, equipment, and other personal or business storage needs.
The property is part of a gated complex with security camera surveillance. Shared amenities include on-site trash receptacles, restroom facilities, showers, and a dump station, supporting convenient access for RV and recreational vehicle owners.
The property is part of a gated complex with security camera surveillance. Shared amenities include on-site trash receptacles, restroom facilities, showers, and a dump station, supporting convenient access for RV and recreational vehicle owners.
Key Highlights
- Approximately 472 sq. ft. of storage space
- 13'6" wide by 35' deep
- Gated complex with security camera surveillance
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
$4,581
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
6.12%
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%
$91,620
$91.6K
Cap Rate 7%
$65,443
$65.4K
Cap Rate 9%
$50,900
$50.9K
Market Conditions
NOI Build-Up for 472 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
$6.1K $12.96/SF
− Vacancy
−$728 −$1.54/SF
EGI
$5.4K $11.42/SF
− OpEx
−$808 −$1.71/SF
NOI
$4.6K $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%
$91,620
Cap Rate 7%
$65,443
Cap Rate 9%
$50,900
Alternative Uses
Best Use
Warehouse
$65.4K
$57.3K – $76.4K
NOI $4,581 @ 7.0% cap · market cap 6.12%
Second Best
Self Storage
$62.5K
$54.7K – $73.0K
NOI $4,377 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$105.4K
$92.2K – $123.0K
NOI $7,377 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
465
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?
Self storage facility - Secure storage ownership with gated access, surveillance, restroom facilities, showers, and a convenient dump station.
Where is this self storage facility located?
The property is located at C122-1025 Empire Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Approximately 472 sq. ft. of storage space; 13'6" wide by 35' deep; Gated complex with security camera surveillance
