Fenced Flex Building with Garage
New
For Sale
$300,000
2140 E Butler Avenue, Kingman, AZ 86409
CommercialSale, Kingman, AZ
Property Size1,800 SF
Lot Size0.14 Acres
Price / SF$166.67
Days on Market1
Property Features for 2140 E Butler Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
K- C2 Comm: Community Business
Subdivision
New Kgmn Add Unit 11 TR
Directions
Stockton Hill N to Northern turn L. Go to Bond St and turn L immediate L on Butler, building on your L.
Standard status
Active
APN
324-23-008
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT: 1104 NEW KINGMAN ADDITION UNIT 11 BLK 180 LOT 8
Tax Annual Amount
353
Legal Description
TRACT: 1104 NEW KINGMAN ADDITION UNIT 11 BLK 180 LOT 8
Utilities
Sewer type
Septic Tank
Water source
Public
Amenities
mini-split system
exterior camera system
Building Details
Year built
2003
Flooring type
Concrete
Building materials
SteelFrame
Roof type
Metal
Listing Agency:
KG Keller Williams Arizona Living Realty · Keller Williams Realty
(928) 718-6211
Listed By:
Amber Dawn VanderJagt · License #SA686818000
(928) 486-5094
Added: Sep 1
Last Checked: Sep 1 at 11:06PM
MLS# 041869
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 1,800-square-foot steel-frame flex building, constructed in 2003, provides an open concrete-floored work area alongside a recently remodeled private office and restroom. The office has a mini-split system for heating and cooling. A new garage door measuring 14 feet wide by 12 feet high includes an opener, while an exterior camera system records activity when the door is opened. The property is fully fenced, with a metal roof, public water, and septic service.
Located at 2140 E Butler Avenue in Kingman, the property occupies 0.14 acres and carries General Commercial zoning. The configuration can accommodate retail, office, service, warehouse, or other commercial functions subject to local regulations.
Located at 2140 E Butler Avenue in Kingman, the property occupies 0.14 acres and carries General Commercial zoning. The configuration can accommodate retail, office, service, warehouse, or other commercial functions subject to local regulations.
Key Highlights
- 1,800‑square‑foot steel‑frame commercial building on a 0.14‑acre parcel
- General Commercial zoning for retail, office, service, warehouse, or other commercial uses, subject to local regulations
- Recently remodeled private office and restroom with mini‑split heating and cooling
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
$17,469
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
5.82%
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%
$349,380
$349.4K
Cap Rate 7%
$249,557
$249.6K
Cap Rate 9%
$194,100
$194.1K
Market Conditions
NOI Build-Up for 1,800 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
$23.3K $12.96/SF
− Vacancy
−$2.8K −$1.54/SF
EGI
$20.6K $11.42/SF
− OpEx
−$3.1K −$1.71/SF
NOI
$17.5K $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%
$349,380
Cap Rate 7%
$249,557
Cap Rate 9%
$194,100
Alternative Uses
Best Use
Warehouse
$249.6K
$218.4K – $291.2K
NOI $17,469 @ 7.0% cap · market cap 5.82%
Second Best
Industrial
$205.5K
$179.8K – $239.8K
NOI $14,386 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$401.9K
$351.7K – $468.9K
NOI $28,132 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
252
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 Industrial 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 - General Commercial zoning supports varied business configurations, subject to local regulations.
Where is this flex space located?
The property is located at 2140 E Butler Avenue Kingman, AZ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,800‑square‑foot steel‑frame commercial building on a 0.14‑acre parcel; General Commercial zoning for retail, office, service, warehouse, or other commercial uses, subject to local regulations; Recently remodeled private office and restroom with mini‑split heating and cooling
