Industrial Warehouse With
New
For Sale
$3,400,000
2540 Landon Drive, Bullhead City, AZ 86429
CommercialSale, Bullhead City, AZ
Property Size15,827 SF
Lot Size1.15 Acres
Price / SF$214.82
Days on Market2
Property Features for 2540 Landon Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
M1 Industrial: General Limited
Subdivision
Bullhead City Original
Directions
From Bullhead Parkway, SW on Landon Dr, on the left side.
Standard status
Active
APN
347-26-001
Lot size
1.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BULLHEAD AIRPARK UNIT 4 TRACT 5113 LOT 1 347-14-029 & 347-15-022( 347-26-001 THRU 013 & REM PROP 347-14-032 & 347-15-027)2004 TAX Y R
Tax Annual Amount
21392
Legal Description
BULLHEAD AIRPARK UNIT 4 TRACT 5113 LOT 1 347-14-029 & 347-15-022( 347-26-001 THRU 013 & REM PROP 347-14-032 & 347-15-027)2004 TAX Y R
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2007
Listing Agency:
US SOUTHWEST(R)
(928) 763-2288
Listed By:
Ann Pettit · License #BR007248000
(928) 234-5555
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 7:06AM
MLS# 041745
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.
Located at 2540 Landon Drive, this 15,827-square-foot warehouse property was built in 2007 and combines office, mezzanine, and industrial areas within a fully sprinklered facility. The layout includes approximately 1,199 square feet of office space, 1,055 square feet of mezzanine area, and 13,573 square feet of warehouse space. Warehouse features include 24-foot clear height, evaporative cooling, 400-800 amp power, ground-level loading, and dock-high loading. A fenced yard provides additional secured outdoor area.
The property is adjacent to Laughlin/Bullhead City International Airport and located minutes from Highway 95. Its Bullhead City setting provides access to the Colorado River Corridor, including Bullhead City, Fort Mohave, Laughlin, and the greater Tri-State market. Public water and public sewer serve the property.
The property is adjacent to Laughlin/Bullhead City International Airport and located minutes from Highway 95. Its Bullhead City setting provides access to the Colorado River Corridor, including Bullhead City, Fort Mohave, Laughlin, and the greater Tri-State market. Public water and public sewer serve the property.
Key Highlights
- 15,827 SF industrial facility on 1.15 acres
- Approximately 13,573 SF of warehouse space, 1,199 SF of office, and 1,055 SF of mezzanine
- 24‑foot warehouse clear height with evaporative 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
$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
Lease Details
24 ft
Clear height
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
48
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
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility combines office, mezzanine, secured yard, and multiple loading configurations for industrial operations.
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: 15,827 SF industrial facility on 1.15 acres; Approximately 13,573 SF of warehouse space, 1,199 SF of office, and 1,055 SF of mezzanine; 24‑foot warehouse clear height with evaporative cooling
