Climate-Controlled Self-Storage
For Sale
$135,000
C123-80 Retail Centre Blvd, Lake Havasu City, AZ
A 14-by-50-foot unit includes insulation, mini-split air conditioning, electrical service, and an electric overhead door.
Property Size700 SF
Price / SF$192.86
Days on Market10
Property Features for C123-80 Retail Centre Blvd
General Information
Standard status
Active
Size
700 SF
Additional Details
Power
60 amps
Taxes and HOA fees
Annual Taxes
$26
Amenities
FULL INSULATION
mini split air-conditioning
60-amp electrical panel
electric overhead door
24-hour access
Listing Agency:
eXp Realty
(928) 453-3202
Listed By:
The Gedalje Group · License #SA661681000
(323) 477-4631
Source:
Exprealty
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 24 at 2:14PM
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.
This self-storage unit measures 14 by 50 feet and is equipped with full insulation, a mini-split air-conditioning system, a 60-amp electrical panel, and an electric overhead door. Access is available 24 hours a day.
Key Highlights
- 14‑by‑50‑foot self‑storage unit
- Full insulation and mini‑split air conditioning
- 60‑amp electrical panel
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
$6,794
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
5.03%
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%
$135,880
$135.9K
Cap Rate 7%
$97,057
$97.1K
Cap Rate 9%
$75,489
$75.5K
Market Conditions
NOI Build-Up for 700 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
$9.1K $12.96/SF
− Vacancy
−$1.1K −$1.54/SF
EGI
$8.0K $11.42/SF
− OpEx
−$1.2K −$1.71/SF
NOI
$6.8K $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%
$135,880
Cap Rate 7%
$97,057
Cap Rate 9%
$75,489
Alternative Uses
Best Use
Warehouse
$97.1K
$84.9K – $113.2K
NOI $6,794 @ 7.0% cap · market cap 5.03%
Second Best
Self Storage
$92.7K
$81.2K – $108.2K
NOI $6,492 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$156.3K
$136.8K – $182.3K
NOI $10,940 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - A 14-by-50-foot unit includes insulation, mini-split air conditioning, electrical service, and an electric overhead door.
Where is this self storage facility located?
The property is located at C123-80 Retail Centre Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 14‑by‑50‑foot self‑storage unit; Full insulation and mini‑split air conditioning; 60‑amp electrical panel
