Warehouse Facility with
New
For Sale
$3,800,000
2550 Landon Drive, Bullhead City, AZ 86429
CommercialSale, Bullhead City, AZ
Property Size16,963 SF
Lot Size1.15 Acres
Price / SF$224.02
Days on Market2
Property Features for 2550 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
347-26-002
Lot size
1.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BULLHEAD AIRPARK UNIT 4 TRACT 5113 LOT 2 347-14-029 & 347-15-022( 347-26-001 THRU 013 & REM PROP 347-14-032 & 347-15-027)2004 TAX Y R
Tax Annual Amount
21470
Legal Description
BULLHEAD AIRPARK UNIT 4 TRACT 5113 LOT 2 347-14-029 & 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 1:06PM
MLS# 041746
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 warehouse property includes approximately 14,709 SF of warehouse space, 1,199 SF of office area, and a 1,055 SF mezzanine. The building provides 24-foot clear height, evaporative cooling in the warehouse, 400-800 amp power, both ground-level and dock-high loading, and a fenced yard. A sprinkler system serves the facility, which was built in 2007.
The property is located at 2550 Landon Drive in Bullhead City, adjacent to Laughlin/Bullhead City International Airport and near Highway 95. Public water and public sewer serve the site. The facility is positioned within the Bullhead City and Fort Mohave employment and commercial corridor, with Laughlin, Nevada across the Colorado River.
The property is located at 2550 Landon Drive in Bullhead City, adjacent to Laughlin/Bullhead City International Airport and near Highway 95. Public water and public sewer serve the site. The facility is positioned within the Bullhead City and Fort Mohave employment and commercial corridor, with Laughlin, Nevada across the Colorado River.
Key Highlights
- 14,709 SF warehouse area with 1,199 SF of office space and a 1,055 SF mezzanine
- 24‑foot warehouse clear height
- 400‑800 amp electrical service
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
$164,628
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
4.33%
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%
$3,292,560
$3.3M
Cap Rate 7%
$2,351,829
$2.4M
Cap Rate 9%
$1,829,200
$1.8M
Market Conditions
NOI Build-Up for 16,963 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
$219.8K $12.96/SF
− Vacancy
−$26.2K −$1.54/SF
EGI
$193.7K $11.42/SF
− OpEx
−$29.1K −$1.71/SF
NOI
$164.6K $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%
$3,292,560
Cap Rate 7%
$2,351,829
Cap Rate 9%
$1,829,200
Alternative Uses
Best Use
Warehouse
$2.35M
$2.06M – $2.74M
NOI $164,628 @ 7.0% cap · market cap 4.33%
Second Best
Industrial
$1.94M
$1.69M – $2.26M
NOI $135,576 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,111 @ 7.0% cap · market cap 6.98%
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Owner-user warehouse with office, mezzanine, loading access, fenced yard, and public utilities.
Where is this warehouse located?
The property is located at 2550 Landon Drive Bullhead City, AZ.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 14,709 SF warehouse area with 1,199 SF of office space and a 1,055 SF mezzanine; 24‑foot warehouse clear height; 400‑800 amp electrical service
