Warehouse with Fenced
For Sale
Contact for pricing
2540 Landon Drive, Bullhead City, AZ 86429
Industrial warehouse featuring 24-foot ceilings and loading docks.
Property Size15,827 SF
Price / SF$214.82
Days on Market111
Property Features for 2540 Landon Drive
General Information
Standard status
Active
Size
15,827 SF
Property subtype
Industrial
Zoning
M1
Building Details
Year Built
2007
Buildings
1
Listing Agency:
US Southwest LLC
Listed By:
Ann Pettit · License #AZ BR007248000
(928) 234-5555
Source:
Crexi
Added: May 26
Changed: Sep 5
Last Checked: Sep 12 at 7:34AM
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 US Southwest LLC
Investment Insights
Based on property information with market context.
This industrial property, suitable for warehouse use, features a warehouse with a clear height of 24 feet. The warehouse is evaporative cooled and has 400 to 800 amps of power. Loading is facilitated by both ground-level and dock-high options. The property includes a fenced yard and is fully sprinklered. The property has a size of 15827 square feet. It can be purchased independently or together with the adjacent property at 2550 Landon Dr.
Key Highlights
- 24 ft. warehouse clear height
- Ground level and dock high loading
- Evaporative cooled warehouse
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
$153,603
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
4.52%
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%
$3,072,060
$3.1M
Cap Rate 7%
$2,194,329
$2.2M
Cap Rate 9%
$1,706,700
$1.7M
Market Conditions
NOI Build-Up for 15,827 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
$205.1K $12.96/SF
− Vacancy
−$24.4K −$1.54/SF
EGI
$180.7K $11.42/SF
− OpEx
−$27.1K −$1.71/SF
NOI
$153.6K $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%
$3,072,060
Cap Rate 7%
$2,194,329
Cap Rate 9%
$1,706,700
Alternative Uses
Best Use
Warehouse
$2.19M
$1.92M – $2.56M
NOI $153,603 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$1.81M
$1.58M – $2.11M
NOI $126,496 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $247,357 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86429, AZ
7,708
Population
5,509
Households
1.4
Avg Household Size
61
Median Age
17%
College-Educated
89%
High-School Grad
274.8 sq mi
ZIP Area
28
Density / Sq Mi
$53,113
Median Household Income
$33,929
Median Earnings
$1,076
Median Rent
$319,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse featuring 24-foot ceilings and loading docks.
Where is this warehouse located?
The property is located at 2540 Landon Drive Bullhead City, AZ.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 24 ft. warehouse clear height; Ground level and dock high loading; Evaporative cooled warehouse
