Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    51 N Spanish Bay Drive Mohave Valley, AZ 86440

    View on Map
    Claim this Listing
    Picture of Single family properties at 51 N Spanish Bay Drive, Mohave Valley, AZ
    For Sale
    $359,000

    SINGLE_FAMILY - Mohave Valley, AZ

    Type:Single Family Residence
    Property size:
    1,593 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $225/SF
    Added:
    Dec 11, 2025
    Days on Market:
    134
    Last Refresh:
    Apr 24 at 11:06 am

    Property Features for 51 N Spanish Bay Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1
    Standard status
    Active
    APN
    302-08-027
    Size
    1,593 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    HUBBS ADDITION TO KINGMAN AZ BLK H LOTS 26,28,30 & 32
    Tax Annual Amount
    71

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    Michele Chaney
    Michele Chaney

    Listing agent Michele Chaney License #BR560820000

    Listing office Chambers Realty Group 564 S Main Street Suite 105 PO Box 670, Kingman, AZ

    Listing date Dec 11, 2025

    MLS# 033693 Listing URL

    Copyright © 2026 Western Arizona Realtors Data Exchange. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Mohave Valley Home

    This new Ironwood 1593 model features an open floor plan and split bedrooms. The home includes upgrades such as granite countertops, an inside laundry room, and a master suite with a walk-in closet. Additional features include a 2-car garage, a tile roof, a block wall backyard with a gate, and front yard landscaping with an automatic watering system. The property also comes with a two/ten-year Home Buyer's Warranty. The lot size is 0.14 acres, and the property size is 1593 square feet. Located in Mohave Valley, Arizona.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mohave Valley
    County
    Mohave
    State
    Arizona
    Longitude
    -114.592979
    Latitude
    34.963968

    Nearby Similar for Sale

    • $699,000

      Mohave Valley Multi-Family Property

      Two homes, garages/shops on a large lot. Investment or hobby.
      8893 S Calle Del Media, Mohave Valley, AZ 86440
      View Details
    • $59,900

      Mohave Valley Mixed-Use Property

      Residential/commercial property with endless possibilities in an established neighborhood.
      1916 E Oatman Place, Mohave Valley, AZ 86440
      View Details
    • $360,570
      3,030 SF

      Medical/Office or Retail Condominium

      Shell condominium in the heart of Bullhead City, Arizona.
      Hwy 95, Mohave Valley, AZ 86440
      View Details

    FAQs

    What type of property is this?
    Single family property - New single-family home with upgrades in Mohave Valley, Arizona.
    Where is this single family property located?
    The property is located at 51 N Spanish Bay Drive Mohave Valley, AZ.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: Brand new construction (2026) with a 2‑Car garage.; Includes a two/ten‑year Home Buyer's Warranty.; Features granite countertops and an inside laundry room.
    (702) 497-5012
    We can help!
    Listing Contact
    Michele Chaney
    Michele Chaney
    Real Estate License ID: BR560820000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!