Short-Term Rental Ranch and Event
For Sale
Contact for pricing
2392 E Calle Castano, Kingman, AZ 86409
Furnished guest accommodations, event facilities, themed buildings, and ranch amenities create a distinctive hospitality property.
Property Size8,500 SF
Lot Size13.26 Acres
Price / SF$175.88
Days on Market11
Property Features for 2392 E Calle Castano
General Information
Standard status
Active
Size
8,500 SF
Class
C
Lot size
13.26 Acres
Property subtype
Multifamily, Mixed Use, Hospitality
Zoning
Commercial/Recreation
Occupancy
80%
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$50,000
Additional Details
Fenced Yard
Yes
Land Use
guest ranch, event venue, residential
Amenities
event hall
dance hall
Santa Fe railroad caboose
train-themed room
candy shop
camp kitchen
horse corral
stable
enclosed flight aviary
ranch office
multiple garages
mature landscaping
fountains
rose gardens
antique wagons
tractors
statuary
replica streetscape
Building Details
Year Built
1990
Year Renovated
2005
Buildings
11
Units
6
Tenancy
Multi
Listing Agency:
Elite Exit Advisors
Listed By:
Natalie Luneva · License #9016902-BB
Source:
Crexi
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 2:20AM
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 Elite Exit Advisors
Investment Insights
Based on property information with market context.
Blue Star Ranch is a furnished short-term rental compound and event property spanning 13.26 acres in the Cerbat foothills northeast of Kingman, Arizona. The 8,500-square-foot property includes four furnished homes, six furnished guest units, an event hall with adjoining dance hall, and a replica Old West streetscape with themed buildings. Additional improvements include a Santa Fe railroad caboose, train-themed room, candy shop, camp kitchen, horse corral and stable, enclosed aviary, ranch office, and multiple garages, including an oversized bay for an RV or boat.
Approximately three acres are fenced and improved, while roughly ten acres at the rear remain level and undeveloped. The six guest units—each furnished and configured as a separate themed stay—have been operated through Airbnb and marketed through Furnished Finder. Event hall rentals have included weddings, receptions, and reunions. The property is zoned Commercial/Recreation, and the real estate is included in the sale.
Approximately three acres are fenced and improved, while roughly ten acres at the rear remain level and undeveloped. The six guest units—each furnished and configured as a separate themed stay—have been operated through Airbnb and marketed through Furnished Finder. Event hall rentals have included weddings, receptions, and reunions. The property is zoned Commercial/Recreation, and the real estate is included in the sale.
Key Highlights
- 13.26‑acre ranch property in the Cerbat foothills northeast of Kingman, Arizona
- 8,500‑square‑foot improved property built in 1990
- Four furnished homes and six distinct furnished guest units
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
$65,408
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
4.38%
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%
$1,308,160
$1.3M
Cap Rate 7%
$934,400
$934.4K
Cap Rate 9%
$726,756
$726.8K
Market Conditions
NOI Build-Up for 8,500 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
$153.0K $18.00/SF
− Vacancy
−$15.3K −$1.80/SF
EGI
$137.7K $16.20/SF
− OpEx
−$72.3K −$8.51/SF
NOI
$65.4K $7.69/SF
Area
Mohave County, AZ
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$1,308,160
Cap Rate 7%
$934,400
Cap Rate 9%
$726,756
Alternative Uses
Best Use
Hotel Hospitality
$934.4K
$817.6K – $1.09M
NOI $65,408 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$845.5K
$739.9K – $986.5K
NOI $59,188 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,845 @ 7.0% cap · market cap 8.89%
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
4
Businesses Nearby
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished guest accommodations, event facilities, themed buildings, and ranch amenities create a distinctive hospitality property.
Where is this short term rental property located?
The property is located at 2392 E Calle Castano Kingman, AZ.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 13.26‑acre ranch property in the Cerbat foothills northeast of Kingman, Arizona; 8,500‑square‑foot improved property built in 1990; Four furnished homes and six distinct furnished guest units
