Newly Constructed Steel
For Sale
$1,400,000
4151 S Lynn Drive, Fort Mohave, AZ 86426
COMMERCIAL - Fort Mohave, AZ
Property Size8,400 SF
Price / SF$166.67
Days on Market53
Property Features for 4151 S Lynn Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
C2 General Commercial
Fencing
Privacy
Directions
This building is one block east of Highway 95 and just south of the City of Bullhead City, between Valencia and Drinda Way, on the west side of Lynn Dr.
Standard status
Active
APN
229-18-028A
Taxes and HOA fees
Tax Year
2024
Tax Description
T19N R22W SEC 14 AMENDED TIERRA PLAZA REVISED TRACT 4009A LOT 4-9 TOGETHER WITH A POR OF ABANDONED PUBLIC SERVICE ALLEY 25' BY 30 0' LONG PER RES 2020-098 REC 8/11/2020 FEE #2020045026 & FEE #202 0061887 REC 10/23/20 CONT 16,414 SF (0.38AC)
Tax Annual Amount
419
Legal Description
T19N R22W SEC 14 AMENDED TIERRA PLAZA REVISED TRACT 4009A LOT 4-9 TOGETHER WITH A POR OF ABANDONED PUBLIC SERVICE ALLEY 25' BY 30 0' LONG PER RES 2020-098 REC 8/11/2020 FEE #2020045026 & FEE #202 0061887 REC 10/23/20 CONT 16,414 SF (0.38AC)
Utilities
Sewer type
Public Sewer
Building Details
Year built
2026
Listing Agency:
Baird Commercial Real Estate
(702) 349-4920
Listed By:
David Patterson · License #SA633914000
(702) 497-7071
Added: Jul 9
Changed: Aug 15
Last Checked: Aug 30 at 12:06PM
MLS# 040454
Copyright © 2026 Momentum MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Newly constructed steel warehouse built for an owner-user layout but arranged so the space can be split into two separate areas. The building is insulated with 6-inch spray foam on the roof and walls, with much of the exterior covered in panels for a cleaner look while maintaining insulation value. Interior amenities include two bathrooms, one ADA bathroom with shower, and both bathrooms served by water heaters. The property also includes water softeners and an RO system. Outside, a large concrete pad has been added near the north roll-up doors.
The building is located in Fort Mohave in Mohave County. The area is on the Colorado River, about 97 miles south of Las Vegas, and directly across from Laughlin, Nevada.
For tenants or buyers needing operational flexibility, the setup includes a second underground power supply to support splitting the building, and the site plan allows for an additional entrance/exit on the west side of the building for semi and delivery vehicle access. While the building does not currently have three-phase power, it is described as being close by and MEC has already completed calculations.
The building is located in Fort Mohave in Mohave County. The area is on the Colorado River, about 97 miles south of Las Vegas, and directly across from Laughlin, Nevada.
For tenants or buyers needing operational flexibility, the setup includes a second underground power supply to support splitting the building, and the site plan allows for an additional entrance/exit on the west side of the building for semi and delivery vehicle access. While the building does not currently have three-phase power, it is described as being close by and MEC has already completed calculations.
Key Highlights
- Under construction steel building: 140' x 60' x 20"; year built 2026
- Designed for one tenant but set up to split into two separate spaces
- 6‑inch spray foam insulation on roof and walls, covered with panels
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
$81,523
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
5.82%
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%
$1,630,460
$1.6M
Cap Rate 7%
$1,164,614
$1.2M
Cap Rate 9%
$905,811
$905.8K
Market Conditions
NOI Build-Up for 8,400 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
$108.9K $12.96/SF
− Vacancy
−$13.0K −$1.54/SF
EGI
$95.9K $11.42/SF
− OpEx
−$14.4K −$1.71/SF
NOI
$81.5K $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%
$1,630,460
Cap Rate 7%
$1,164,614
Cap Rate 9%
$905,811
Alternative Uses
Best Use
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,523 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,282 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86426, AZ
15,953
Population
7,709
Households
2.1
Avg Household Size
54
Median Age
10%
College-Educated
87%
High-School Grad
34.9 sq mi
ZIP Area
457
Density / Sq Mi
$65,186
Median Household Income
$36,455
Median Earnings
$968
Median Rent
$274,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- RightSpace Self Storage — 4345 S Hwy 95 Ste A, Fort Mohave, AZ 86426
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- RightSpace Storage — 4144 Arcadia, Fort Mohave, AZ 86426
Frequently Asked Questions
What type of property is this?
Warehouse - New steel warehouse designed for one tenant with capability to split into two, featuring insulated walls and roll-up doors.
Where is this warehouse located?
The property is located at 4151 S Lynn Drive Fort Mohave, AZ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Under construction steel building: 140' x 60' x 20"; year built 2026; Designed for one tenant but set up to split into two separate spaces; 6‑inch spray foam insulation on roof and walls, covered with panels
