Turnkey Commercial Building in
For Sale
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2565 E Northern Ave, Kingman, AZ 86409
1,068 SF commercial building on nearly 7,000 SF land.
Property Size1,068 SF
Lot Size0.16 Acres
Price / SF$214.42
Days on Market200
Property Features for 2565 E Northern Ave
General Information
Standard status
Active
Size
1,068 SF
Class
B
Lot size
0.16 Acres
Property subtype
Retail
Zoning
C2
Occupancy
100%
Building Details
Year Built
1990
Tenancy
Single
Listing Agency:
RE/MAX Prestige Properties
(928) 753-7653
Listed By:
Jonny Meins · License #AZ BR560849000
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 20 at 1:00PM
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 RE/MAX Prestige Properties
Investment Insights
Based on property information with market context.
This 1,068 SF commercial building is situated on nearly 7,000 SF of land. Recent street and sidewalk improvements enhance the area's appeal, creating a fresh, walkable environment. The property is suitable for various uses, including a boutique, studio, or office. The building is clean, efficient, and easy to operate. It is located in an area where new businesses are emerging.
Key Highlights
- Turnkey 1,068 SF commercial building ready for immediate occupancy and operation.
- Located in an area with recent street and sidewalk improvements and growing business momentum.
- 7,000 SF land provides ample space and potential.
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
$10,373
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
4.53%
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%
$207,460
$207.5K
Cap Rate 7%
$148,186
$148.2K
Cap Rate 9%
$115,256
$115.3K
Market Conditions
NOI Build-Up for 1,068 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
$16.0K $15.00/SF
− Vacancy
−$1.2K −$1.13/SF
EGI
$14.8K $13.88/SF
− OpEx
−$4.4K −$4.16/SF
NOI
$10.4K $9.71/SF
Area
Mohave County, AZ
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$207,460
Cap Rate 7%
$148,186
Cap Rate 9%
$115,256
Alternative Uses
Best Use
Retail
$148.2K
$129.7K – $172.9K
NOI $10,373 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.5K
$208.7K – $278.2K
NOI $16,692 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
251
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - 1,068 SF commercial building on nearly 7,000 SF land.
Where is this storefront property located?
The property is located at 2565 E Northern Ave Kingman, AZ.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Turnkey 1,068 SF commercial building ready for immediate occupancy and operation.; Located in an area with recent street and sidewalk improvements and growing business momentum.; 7,000 SF land provides ample space and potential.
