Retail and Office Building with
For Sale
Contact for pricing
2701 East Andy Devine Avenue, Kingman, AZ 86401
Large retail and office building currently at 100% occupancy, with an owner-led split plan and approximately 80 parking spaces.
Property Size18,111 SF
Lot Size1.75 Acres
Price / SF$107.67
Days on Market99
Property Features for 2701 East Andy Devine Avenue
General Information
Standard status
Active
Size
18,111 SF
Class
C
Total Parking Spaces
80
Lot size
1.75 Acres
Property subtype
Retail, Office
Zoning
C-3
Occupancy
100%
Lease Type
Gross
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1972
Year Renovated
2021
Buildings
1
Units
11
Tenancy
Multi
Listing Agency:
Sperry Commercial Global Affiliates Henderson
Listed By:
David Patterson · License #SE 014127000
(702) 497-7071
Source:
Crexi
Added: Jul 8
Changed: Oct 12
Last Checked: Oct 12 at 6:19PM
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 Sperry Commercial Global Affiliates Henderson
Investment Insights
Based on property information with market context.
This large retail and office building is currently leased with 100% occupancy. The owner is in the process of splitting the building, with a front portion being separated from the back. The resulting lot for the split is expected to be approximately 1.75 acres with close to 80 parking spaces, with any closing contingent on the final split.
The property is on the northern edge of Kingman, Arizona, and Kingman is located at the intersection of Interstate 40 and U.S. 93. The area’s leading industries include tourism and manufacturing, and the fully developed Airport Industrial Park draws manufacturers seeking reasonable land costs and opportunities to build regional trade and service centers.
For buyers or tenants evaluating this asset, the key operational point is that the building is designed to support both retail and office use, with parking available to support day-to-day customer and business access.
The property is on the northern edge of Kingman, Arizona, and Kingman is located at the intersection of Interstate 40 and U.S. 93. The area’s leading industries include tourism and manufacturing, and the fully developed Airport Industrial Park draws manufacturers seeking reasonable land costs and opportunities to build regional trade and service centers.
For buyers or tenants evaluating this asset, the key operational point is that the building is designed to support both retail and office use, with parking available to support day-to-day customer and business access.
Key Highlights
- Large retail and office building built in 1972 with 100% occupancy
- Owner has leased the building with strong tenants; building is suitable for multiple business types
- Owner is in the process of splitting the building with the front building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,903
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,518,060
$3.5M
Cap Rate 7%
$2,512,900
$2.5M
Cap Rate 9%
$1,954,478
$2.0M
Market Conditions
NOI Build-Up for 18,111 SF
Gross rent
$271.7K $15.00/SF
− Vacancy
−$20.4K −$1.13/SF
EGI
$251.3K $13.88/SF
− OpEx
−$75.4K −$4.16/SF
NOI
$175.9K $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 Rate 5%
$3,518,060
Cap Rate 7%
$2,512,900
Cap Rate 9%
$1,954,478
Alternative Uses
Best Use
Office B
$2.87M
$2.51M – $3.35M
NOI $200,896 @ 7.0% cap · market cap 10.30%
Second Best
Retail
$2.51M
$2.20M – $2.93M
NOI $175,903 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$4.04M
$3.54M – $4.72M
NOI $283,053 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 86401, AZ
27,684
Population
13,662
Households
2
Avg Household Size
48
Median Age
18%
College-Educated
92%
High-School Grad
1,226.3 sq mi
ZIP Area
23
Density / Sq Mi
$64,087
Median Household Income
$40,678
Median Earnings
$1,045
Median Rent
$247,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Large retail and office building currently at 100% occupancy, with an owner-led split plan and approximately 80 parking spaces.
Where is this retail space located?
The property is located at 2701 East Andy Devine Avenue Kingman, AZ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Large retail and office building built in 1972 with 100% occupancy; Owner has leased the building with strong tenants; building is suitable for multiple business types; Owner is in the process of splitting the building with the front building
