Tri State Boat & RV Storage
Bullhead City, AZ
Asking price
$1,000,000
Units
96
Cap rate
—
Price / unit
$10,417
What it would have to earn
This listing does not publish an NOI, so its return cannot be computed. These are the figures it would need to hit at the asking price — a screen to take to the broker, not a claim about the property.
- A 6% cap rate at this asking price
- $60,000($625/unit)
- A 8% cap rate at this asking price
- $80,000($833/unit)
- A 10% cap rate at this asking price
- $100,000($1,042/unit)
Annual net operating income, before financing. Cap rates vary by asset class and market; these three are a range to screen against, not a market rate for this property.
Only 1 listing in self-storage facilities discloses a cap rate — too few to publish a range, so this screen has nothing disclosed to check it against.
SBA lenders approved a median of $1,022,700 for this asset class in this state, across 50 loans — more than this listing is asking.
SBA figures are loan amounts approved, not sale prices — a loan covers only the financed part of a purchase, and most acquisitions are financed conventionally and never appear here. They describe what lenders committed to comparable businesses in this county, not what this property is worth.
About this property
Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Tri State Boat & RV Storage Back to Results NEW Bullhead City, AZ $1,000,000 Tri State Boat & RV Storage offers investors the opportunity to acquire a fully occupied boat and RV storage asset with multiple avenues for future growth in Bullhead City, Arizona. Located in the heart of the Tri-State region, the property benefits from a lifestyle centered around the Colorado River, nearby Lake Mohave, and year-round boating, RVing, fishing, camping, and outdoor recreation. The market draws a mix of permanent residents, retirees, seasonal residents, and recreational visitors, creating a strong customer profile for dedicated boat and RV storage. Its proximity to Laughlin and access to the broader Arizona, Nevada, and Southern California region further enhance the property’s market position. Operating at 100% occupancy under current owner management, Tri State Boat & RV Storage provides immediate stability while offering meaningful value-add potential. New ownership can pursue rental rate increases through professional revenue management, implement automation and modern operating systems, and explore the addition of new storage structures to increase rentable inventory and capture existing demand. The combination of full occupancy, rate upside, expansion potential, and a recreation-driven location makes the property an attractive opportunity for local and regional operators looking to grow their presence in the Colorado River market. Click HERE to Acces Deal Room $1,000,000 View Executive Summary Request Offering Memorandum All fields are required. I am a Principal I am a Broker I accept the Disclaimer . Property Info $1,000,000 32,166 RSF 96 Units 100% Occupied Contact Listing Broker Listing Broker Darsh Desai The Gorden Group [phone — unlock to view] Email Listing Broker Jeffery A. Gorden, CCIM The Gorden Group [phone — unlock to view] Email Stay Connected Contact Us 1-800-55-STORE Contact Us 5460 S. Quebec Street Suite 100 Greenwood Village, CO 80111 [email — unlock to view] Join Argus Interested in becoming an Argus Broker Affiliate? Learn How © 2026 Argus Self Storage Advisors.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $1,000,000 |
|---|---|
| Units | 96 |
| Price per unit | $10,417 |
| Occupancy | 100% |
| Building size | 32,166 sq ft |
| First seen by UnitListed | Sep 23, 2026 |
| Source page last checked | Sep 23, 2026 |
| Source last changed | Sep 23, 2026 |
Trade area
We have not resolved this listing to a US county yet, so there is no public-record context to show. This happens when a listing has no precise location, or sits outside the United States.
Before you call the broker
7 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Asking price — disclosed
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
Physical vs economic occupancy — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 23, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 23, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
