Fenced Flex Space With Living
For Sale
$415,000
1923 Courtwright, Mohave Valley, AZ 86440
CommercialSale, Mohave Valley, AZ
Property Size3,712 SF
Lot Size0.28 Acres
Price / SF$111.80
Days on Market38
Property Features for 1923 Courtwright
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2 General Commercial
Subdivision
River Road City
Directions
Hwy 95 South to Courtwright (r) about 1/2 mile.
Standard status
Active
APN
214-34-130A
Lot size
0.28 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Listing Agency:
Realty One Group Mountain Desert
(928) 219-4230
Listed By:
Pamela Brown · License #SA558369000
(928) 201-8498
Added: Jul 15
Changed: Aug 19
Last Checked: Aug 21 at 1:06PM
MLS# 040581
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.
Constructed in 2006, this flex property sits on a 60-by-200-foot lot and includes a 58-by-64-by-17-foot building. The fully fenced site has paved parking at both the front and rear, with entry available from either side. Two roll-up doors measure 12-by-14 feet and 12-by-10 feet, complemented by two walk-through doors. The building has concrete floors, dusk-to-dawn lighting, 50-amp electrical service, and an exterior RV dump connected to the public sewer system.
Approximately 1,500 square feet is finished as living space with two bedrooms, two bathrooms, and a full kitchen, including an ADA bathroom. Additional upper-level living space includes a walk-in closet and bathroom with a walk-in shower. Heating and cooling are provided by two mini-split systems, with an electric water heater. Public water and public sewer serve the property.
The property is located near Jack Smith Launch, the California border, and Laughlin, Arizona.
Approximately 1,500 square feet is finished as living space with two bedrooms, two bathrooms, and a full kitchen, including an ADA bathroom. Additional upper-level living space includes a walk-in closet and bathroom with a walk-in shower. Heating and cooling are provided by two mini-split systems, with an electric water heater. Public water and public sewer serve the property.
The property is located near Jack Smith Launch, the California border, and Laughlin, Arizona.
Key Highlights
- 58‑by‑64‑by‑17‑foot building on a 60‑by‑200‑foot lot
- Approximately 1,500 square feet of built‑out living space
- Two roll‑up doors: 12‑by‑14 feet and 12‑by‑10 feet
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
$36,025
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
8.68%
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%
$720,500
$720.5K
Cap Rate 7%
$514,643
$514.6K
Cap Rate 9%
$400,278
$400.3K
Market Conditions
NOI Build-Up for 3,712 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
$48.1K $12.96/SF
− Vacancy
−$5.7K −$1.54/SF
EGI
$42.4K $11.42/SF
− OpEx
−$6.4K −$1.71/SF
NOI
$36.0K $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%
$720,500
Cap Rate 7%
$514,643
Cap Rate 9%
$400,278
Alternative Uses
Best Use
Office B
$588.2K
$514.7K – $686.3K
NOI $41,175 @ 7.0% cap · market cap 9.92%
Second Best
Warehouse
$514.6K
$450.3K – $600.4K
NOI $36,025 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$828.8K
$725.2K – $966.9K
NOI $58,014 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86440, AZ
7,310
Population
4,748
Households
1.5
Avg Household Size
52
Median Age
12%
College-Educated
89%
High-School Grad
123.6 sq mi
ZIP Area
59
Density / Sq Mi
$67,316
Median Household Income
$37,083
Median Earnings
$1,066
Median Rent
$231,700
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.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced flex property combines warehouse functionality with built-out residential-style areas, paved parking, and front and rear access.
Where is this flex space located?
The property is located at 1923 Courtwright Mohave Valley, AZ.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 58‑by‑64‑by‑17‑foot building on a 60‑by‑200‑foot lot; Approximately 1,500 square feet of built‑out living space; Two roll‑up doors: 12‑by‑14 feet and 12‑by‑10 feet
