Retail Storefront with 60-Foot
For Sale
$253,000
2047 E Northern Ave, Kingman, AZ 86409
Well-maintained retail building with 60 feet of frontage, updated exterior, and newer A/C, currently occupied by a tenant.
Property Size1,268 SF
Price / SF$199.53
Days on Market47
Property Features for 2047 E Northern Ave
General Information
Standard status
Active
Size
1,268 SF
Site & Location
Frontage
60 ft
Utilities to Site
Yes
Building Details
Year Built
1995
Buildings
1
Tenancy
Single
Listing Agency:
KG Keller Williams Arizona Living Realty
Listed By:
Steve Petrauschke · License #SA658139000
(702) 250-0750
Source:
Sellinghavasu
Added: Jul 28
Changed: Aug 20
Last Checked: Sep 12 at 11:26AM
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 KG Keller Williams Arizona Living Realty
Investment Insights
Based on property information with market context.
This well-maintained commercial storefront building totals 1,268 sq. ft. and was originally built in 1985. Updates include fresh exterior paint and repaired stucco, and the property also has a newer air conditioning unit for year-round comfort. The building is served by both gas and electric service and utilizes a septic system.
The property is located on Northern Avenue with approximately 60 feet of frontage, providing street-facing presence for retail uses. It is currently occupied by a tenant who is eager to remain and sign a long-term lease.
For sale as an income-producing retail asset, this property combines visible frontage with recent exterior improvements and updated mechanical comfort.
The property is located on Northern Avenue with approximately 60 feet of frontage, providing street-facing presence for retail uses. It is currently occupied by a tenant who is eager to remain and sign a long-term lease.
For sale as an income-producing retail asset, this property combines visible frontage with recent exterior improvements and updated mechanical comfort.
Key Highlights
- 1,268 sq. ft. commercial building built in 1995 with 60 ft of frontage on Northern Avenue
- Updated exterior including fresh exterior paint and repaired stucco
- Newer air conditioning unit installed for year‑round comfort
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
$12,315
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
4.87%
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%
$246,300
$246.3K
Cap Rate 7%
$175,929
$175.9K
Cap Rate 9%
$136,833
$136.8K
Market Conditions
NOI Build-Up for 1,268 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
$19.0K $15.00/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$17.6K $13.88/SF
− OpEx
−$5.3K −$4.16/SF
NOI
$12.3K $9.71/SF
Area
Mohave County, AZ
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$246,300
Cap Rate 7%
$175,929
Cap Rate 9%
$136,833
Alternative Uses
Best Use
Retail
$175.9K
$153.9K – $205.3K
NOI $12,315 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.1K
$247.7K – $330.3K
NOI $19,817 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86409, AZ
28,860
Population
14,616
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
88%
High-School Grad
365.7 sq mi
ZIP Area
79
Density / Sq Mi
$48,499
Median Household Income
$32,912
Median Earnings
$884
Median Rent
$171,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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?
Storefront property - Well-maintained retail building with 60 feet of frontage, updated exterior, and newer A/C, currently occupied by a tenant.
Where is this storefront property located?
The property is located at 2047 E Northern Ave Kingman, AZ.
What is the asking price?
The asking price for this property is $253,000.
What are key features of this property?
This property features: 1,268 sq. ft. commercial building built in 1995 with 60 ft of frontage on Northern Avenue; Updated exterior including fresh exterior paint and repaired stucco; Newer air conditioning unit installed for year‑round comfort
