Updated Storefront
For Sale
$253,000
2047 E Northern Avenue, Kingman, AZ 86409
CommercialSale, Kingman, AZ
Property Size1,268 SF
Lot Size0.16 Acres
Price / SF$199.53
Days on Market346
Property Features for 2047 E Northern Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
K- C2 Comm: Community Business
Security features
Security
Fencing
Privacy
Subdivision
New Kgmn Add Unit 11 TR
Directions
Stockton Hill Rd north, Right on Northern
Standard status
Active
APN
324-23-025
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TRACT: 1104 NEW KINGMAN ADDITION UNIT 11 BLK 180 LOT 25
Tax Annual Amount
1639
Legal Description
TRACT: 1104 NEW KINGMAN ADDITION UNIT 11 BLK 180 LOT 25
Utilities
Sewer type
Septic Tank
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Building materials
Stucco, WoodFrame
Roof type
Rolled Hot Mop
Listing Agency:
KG Keller Williams Arizona Living Realty · Keller Williams Realty
(928) 718-6211
Listed By:
Steve Petrauschke · License #SA658139000
(702) 250-0750
Added: Sep 10, 2025
Changed: Aug 19
Last Checked: Aug 21 at 4:06PM
MLS# 032388
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.
This 1,268-square-foot storefront building at 2047 E Northern Avenue offers a compact commercial footprint with stucco and wood-frame construction. Improvements include refreshed exterior paint, repaired stucco, and a newer air conditioning unit. The property has central heating and cooling, with natural gas and electric service, public water, and a septic tank system. A privacy fence and rolled hot mop roof are also in place.
The building occupies 0.16 acres and provides 60 feet of frontage along Northern Avenue in Kingman. It is currently leased, and the existing tenant has expressed interest in continuing under a long-term lease. The property is classified as a storefront property and is offered for sale.
The building occupies 0.16 acres and provides 60 feet of frontage along Northern Avenue in Kingman. It is currently leased, and the existing tenant has expressed interest in continuing under a long-term lease. The property is classified as a storefront property and is offered for sale.
Key Highlights
- 1,268‑square‑foot storefront building on a 0.16‑acre parcel
- 60 feet of frontage along Northern Avenue
- Updated exterior paint, repaired stucco, and newer air conditioning unit
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
Property Profile
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
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 commercial space with refreshed stucco, exterior paint, and a newer air conditioning system.
Where is this storefront property located?
The property is located at 2047 E Northern Avenue 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‑square‑foot storefront building on a 0.16‑acre parcel; 60 feet of frontage along Northern Avenue; Updated exterior paint, repaired stucco, and newer air conditioning unit
