Medical Office Suite with Exam
For Sale
$839,000
2002 Stockton Hill Road, Kingman, AZ 86401
Office suite with waiting/reception areas, multiple exam rooms, private offices, and a large conference room with sink attachment.
Property Size4,000 SF
Price / SF$209.75
Days on Market528
Property Features for 2002 Stockton Hill Road
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$2,461
Amenities
waiting center
public bathroom
reception area
exam rooms
private offices
conference room
3
24 Parking Spaces.
Building Details
Year Built
2000
Listing Agency:
RE/MAX Prestige Properties
(520) 208-5723
Listed By:
Sultan Abbas · License #SA678202000
(520) 208-5723
Source:
Xome
Added: Feb 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:26AM
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 RE/MAX Prestige Properties
Investment Insights
Based on property information with market context.
This medical office suite is available for sale and features a waiting center with an attached public bathroom for visiting clients. A reception area includes a window overlooking the waiting area, along with a second window on the opposite side intended to support client flow for rescheduling. The suite also includes multiple exam rooms and several private offices.
The office is located on Stockton Hill Rd and offers signage with views overlooking the road for business visibility. It also includes a large conference or meeting room with an additional room attachment that has a sink.
The space is approximately 4,000 square feet and has potential to be used as either one suite or two suites, depending on how it is configured for occupancy needs.
The office is located on Stockton Hill Rd and offers signage with views overlooking the road for business visibility. It also includes a large conference or meeting room with an additional room attachment that has a sink.
The space is approximately 4,000 square feet and has potential to be used as either one suite or two suites, depending on how it is configured for occupancy needs.
Key Highlights
- Approximately 4,000 SF office suite on Stockton Hill Rd with business signage overlooking the road
- Office layout includes waiting/reception areas with a public bathroom attachment for visiting clients
- Multiple exam rooms plus private offices, designed for medical or professional use
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
$48,470
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
5.78%
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%
$969,400
$969.4K
Cap Rate 7%
$692,429
$692.4K
Cap Rate 9%
$538,556
$538.6K
Market Conditions
NOI Build-Up for 4,000 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
$86.4K $21.60/SF
− Vacancy
−$5.6K −$1.40/SF
EGI
$80.8K $20.20/SF
− OpEx
−$32.3K −$8.08/SF
NOI
$48.5K $12.12/SF
Area
Mohave County, AZ
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$969,400
Cap Rate 7%
$692,429
Cap Rate 9%
$538,556
Alternative Uses
Best Use
Healthcare Medical
$692.4K
$605.9K – $807.8K
NOI $48,470 @ 7.0% cap · market cap 5.78%
Second Best
Office B
$633.9K
$554.6K – $739.5K
NOI $44,370 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$893.1K
$781.4K – $1.04M
NOI $62,515 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86401, AZ
27,684
Population
13,662
Households
2
Avg Household Size
48
Median Age
18%
College-Educated
92%
High-School Grad
1,226.3 sq mi
ZIP Area
23
Density / Sq Mi
$64,087
Median Household Income
$40,678
Median Earnings
$1,045
Median Rent
$247,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office suite with waiting/reception areas, multiple exam rooms, private offices, and a large conference room with sink attachment.
Where is this medical office space located?
The property is located at 2002 Stockton Hill Road Kingman, AZ.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Approximately 4,000 SF office suite on Stockton Hill Rd with business signage overlooking the road; Office layout includes waiting/reception areas with a public bathroom attachment for visiting clients; Multiple exam rooms plus private offices, designed for medical or professional use
