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    2111 Airway Ave Kingman, AZ 86409

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    Claim this Listing
    Pending
    $360,000

    COMMERCIAL - Kingman, AZ

    Property size:
    2,300 SF
    Lot size:
    0.36 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 24 at 6:06 am

    Property Features for 2111 Airway Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Fencing
    Chain Link
    Standard status
    Pending
    APN
    320-06-259e
    Size
    2,300 SF
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    KINGMAN'S AIRPORT TRACT BLK 11 LOTS 21,22,23 & 24 EXCEPT A POR OF SD LOT 21 DESC AS FOLL: BEG AT THE SW COR OF SD LOT 21
    Tax Annual Amount
    1180

    Building Details

    Year built
    1988
    Floors in Building
    1
    Number of units
    2

    We can help!

    Listing Contact
    Sandra Faubion
    Sandra Faubion

    Listing agent Sandra Faubion License #SA649995000

    Listing office Coldwell Banker Realty 450 S Lake Havasu Ave. Suite 206, LAKE HAVASU CITY, AZ

    Listing date Mar 9, 2026

    MLS# 1039767

    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.

    Overview

    Kingman Commercial Property with Extra Lots

    This commercial property features an approximately 1800 square-foot building with an additional 500 sq ft office, situated on 0.36 acres. Zoned C-3, the property includes two extra lots, offering additional space or parking. The location is on the second busiest road in Kingman, Airway Avenue, a main thoroughfare from Andy Devine to Stockton Hill Road. Previously used as an auto body shop with a paint booth, the building includes its own office and restroom. The property benefits from its proximity to Walmart, medical buildings, and various shopping options. In addition to the main building, there is a separate storage building. The property has road access on three different streets: Airway Ave, Burbank St, and Skylark St. The majority of the property is fenced and gated. The sale includes two parcels: 320-06-259E & 320-06-261A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kingman Body Works Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Great West Heavy Towing Inc. — 2727 Beverly Ave, Kingman, AZ 86409
    • I-40 Truck Repair — 3131 Mc Donald Ave Spc 1, Kingman, AZ 86401
    • Cummins — Beverly Ave, Kingman, AZ 86409
    • Empire Cat — 3255 Rutherford St, Kingman, AZ 86409
    • Route 66 Tire Shop — 3137 E Andy Devine Ave, Kingman, AZ 86401

    Location Insight

    • Map
    • Local Demand
    City
    Kingman
    County
    Mohave
    State
    Arizona
    Longitude
    -114.028846
    Latitude
    35.225114

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    FAQs

    What type of property is this?
    Auto shop - 2300 SF building on 0.36 acres with two extra lots.
    Where is this auto shop located?
    The property is located at 2111 Airway Ave Kingman, AZ.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Prime location on Airway Ave, the 2nd busiest road in Kingman, near Walmart, medical buildings, and shopping.; C‑3 zoning suitable for a variety of businesses.; Approximately 1800 sq ft building with a 500 sq ft office, plus an additional storage building.
    (928) 846-1959
    We can help!
    Listing Contact
    Sandra Faubion
    Sandra Faubion
    Real Estate License ID: SA649995000
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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